Cost of Living in Booneville, MS

Housing

The housing market plays a significant role in determining the cost of living in Booneville, MS.

• Housing Index: 85.0 / 100
• Median Home Price is: $150000
• Average Rent (2 BR Apartment): $1200 per month
• Average Rent (2 BR House): $1280 per month

Considering a move to Booneville, MS? With a housing index of 85.0, it suggests a relatively affordable market. The median home price is 150000, making homeownership an attractive option, especially if you compare it against the average rent for a 2BR apartment at 1200 and for a house at 1280. Investing in real estate here could be financially beneficial, particularly if you're looking for stability and potential appreciation in property value. Don't forget to explore the community amenities and local markets too, as these factors further influence the overall living experience.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Booneville, 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.): $180 per month

Living in Booneville, 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 180 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 90.5

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $48655

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Booneville, MS, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.