Cost of Living in Red banks, MS
Housing
The housing market plays a significant role in determining the cost of living in Red banks, MS.
- Housing Index: Data is updating
- Median Home Price is: $100,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Based on the data provided, Red banks, MS presents a very favorable market for home buyers, with a median home price of just 100000. The absence of a housing index suggests either a lack of data or a currently stagnant market, possibly indicating a buyer's opportunity. However, without available stats on average rent for 2-bedroom apartments and houses, it's difficult to gauge rental demand fully. It’s important to investigate local amenities, job opportunities, and community vibe before making any decisions. Researching additional market data can further aid in evaluating this location’s potential.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Red banks, MS.
- Electricity Price: $13.42 USD (median by state)
- Natural Gas Price: $22.19 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Red banks, MS could entail higher utility costs. Electricity costs sit at $13.42, while natural gas is priced at $22.19 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about data unavailable monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Red banks is a financially viable option for your relocation.