Salary & Cost of Living in Olive Branch, MS
Olive Branch, MS: $49,371 median salary, cost of living index 90.2, $7.25/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$49,371
$24/hr
Cost of Living
90.2
US avg = 100
Minimum Wage
$7.25
per hour
Unemployment
4.4%
rate
Olive Branch, MS Overview
Population
40,608
Median Salary
$49,371
Average Salary
$55,296
Avg Commute
20 min
Median Home Price
$225,000
Median Rent
$920/mo
Job Growth
+1%
Sales Tax
7%
Olive Branch is located in Mississippi with a population of 40,608. The median household salary is $49,371 per year ($24/hour), which is $10,013 below the national median of $59,384. The average commute time is 20 minutes, and the city has a job growth rate of +1%.
Olive Branch Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Olive Branch, MS, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$39,240
$3,269.96/month · $1,509.21/biweekly · Effective Rate: 20.5%
Gross Pay
$49,371
Federal Tax
-$3,886
State Tax
-$2,469
Local Tax
$0
FICA
-$3,777
Net Pay
$39,240
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $4,114.25 | $49,371.00 |
| Federal Income Tax | -$323.84 | -$3,886.02 |
| Mississippi State Tax (5%) | -$205.71 | -$2,468.55 |
| Social Security (6.2%) | -$255.08 | -$3,061.00 |
| Medicare (1.45%) | -$59.66 | -$715.88 |
| Net Take-Home Pay | $3,269.96 | $39,239.55 |
Salary Comparison: Olive Branch vs Other Cities
See how Olive Branch's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Olive Branch, MS | $49,371 | 90.2 | $54,735 |
| National Average | $59,384 | 100 | $59,384 |
| Prattville, AL | $49,366 | 88.5 | $55,781 |
| Calumet City, IL | $49,363 | 85.1 | $58,006 |
| Kennesaw, GA | $49,359 | 98.5 | $50,111 |
| North Olmsted, OH | $49,356 | 82.4 | $59,898 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Olive Branch
Olive Branch's cost of living index is 90.2 (national average = 100). Living in Olive Branch is 9.799999999999997% less expensive than the national average.
Median Home Price
$225,000
Median Monthly Rent
$920
Annual Rent Cost
$11,040
Your Salary's Purchasing Power
Your $39,240 annual take-home pay in Olive Branch has the purchasing power of approximately $43,503 in an average-cost US area. Your $49,371 salary stretches further here than in most US cities.
Top Industries in Olive Branch
Olive Branch's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $49,371.
Salary Tips for Olive Branch Workers
- Research top industries. Olive Branch's top industries include Agriculture, Manufacturing, Healthcare. Targeting roles in these sectors can help you earn above the $49,371 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
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Compare salary data and cost of living for hundreds of US cities. Find out where your paycheck goes the furthest.
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Frequently Asked Questions
What is the median salary in Olive Branch, MS?
The median salary in Olive Branch, MS is $49,371 per year, or $24 per hour. The average salary is $55,296. This is $10,013 below the national median of $59,384.
What is the cost of living in Olive Branch, MS?
Olive Branch's cost of living index is 90.2 (national average = 100), meaning it is 9.799999999999997% less expensive compared to the national average. The median home price is $225,000 and the median monthly rent is $920.
What are the best industries in Olive Branch?
The top industries in Olive Branch, MS include Agriculture, Manufacturing, Healthcare. The city has a job growth rate of 1% and an unemployment rate of 4.4%. Workers in these industries often earn above the city's median salary of $49,371.
How does Olive Branch's salary compare to other cities?
Olive Branch's median salary of $49,371 is 16.9% below the national median of $59,384. However, when adjusted for cost of living (index: 90.2), the real purchasing power is approximately $54,735.
What is the minimum wage in Olive Branch, MS?
The minimum wage in Olive Branch, MS is $7.25 per hour. This equals approximately $15,080 per year for a full-time worker (40 hours/week). This matches the federal minimum wage of $7.25/hour.