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Zip 38738 (Parchman, MS) Economy


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Parchman, MS is a small town located in Sunflower County. It has a population of 38738 people and is known for its rural charm. The average 2 bedroom rent in Parchman is $680, which is significantly lower than the national average of $1,430. Similarly the grocery cost index in Parchman is 95 versus 100 in the US.
The town of Parchman offers many businesses and amenities to its inhabitants. It home to local companies such as Parchman Implement Company, Cole Storage Company, and Yates Construction Company. It also has multiple restaurants such as the Sonic Drive-In and Logan's Roadhouse for those looking for a bite to eat. Other services like hair salons, banks, dry cleaners, and pet stores are all readily available within the town limits as well. In addition to these services, there are plenty of recreational activities available ranging from sports fields to golf courses. All these features make Parchman an ideal place for both locals and visitors alike!

Parchman (zip 38738) has an unemployment rate of 10.3%. The US average is 6.0%.

Parchman (zip 38738) has seen the job market decrease by -2.0% over the last year. Future job growth over the next ten years is predicted to be 11.2%, which is lower than the US average of 33.5%.

Tax Rates for Parchman (zip 38738)
- The Sales Tax Rate for Parchman (zip 38738) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Parchman (zip 38738) is 5.0%. The US average is 4.6%.
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Income and Salaries for Parchman (zip 38738)
- The average income of a Parchman (zip 38738) resident is $1,341 a year. The US average is $37,638 a year.
- The Median household income of a Parchman (zip 38738) resident is $0 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyParchman, MississippiUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
Household Income 69021
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