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: $220,000
- 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 Hattiesburg is a financially viable option for your relocation.