Cost of Living in Corinth, MS

Housing

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

• Housing Index: 75.0 / 100
• Median Home Price is: $162500
• Average Rent (2 BR Apartment): $800 per month
• Average Rent (2 BR House): $1000 per month

When considering a move to Corinth, MS, the housing index stands at 75.0, indicating a relatively balanced market. The median home price of 162500 offers an affordable option for potential homebuyers, while rental rates for a 2-bedroom apartment averaging 800 and a 2-bedroom house at 1000 provide reasonable alternatives. With these values, you can weigh the benefits of long-term investment versus renting. Remember, factors like local economy, schools, and community amenities could also affect your decision.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Corinth, 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.): $200 per month

Living in Corinth, 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 200 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: 88.0

Median Income

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

• Median Income: $40546

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 Corinth, 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.