Cost of Living in Hattiesburg, MS

Housing

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

• Housing Index: 70.0 / 100
• Median Home Price is: $220000
• Average Rent (2 BR Apartment): $1100 per month
• Average Rent (2 BR House): $1200 per month

When considering a move to Hattiesburg, MS, the housing index of 70.0 suggests the market is moderately priced. With a median home price of 220000, purchasing a home could be a feasible investment, especially if rental rates—which stand at an average of 1100 for a 2BR apartment and 1200 for a 2BR house—remain stable. Keeping in mind that affordable housing options typically draw stronger demand, exploring neighborhoods with growth potential may also enhance long-term value. Booming nearby amenities can further influence market dynamics.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hattiesburg, 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.): $280 per month

Living in Hattiesburg, 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 280 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: 85.3

Median Income

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

• Median Income: $41024

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 Hattiesburg, 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.