Cost of Living in Horn lake, MS

Housing

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

• Housing Index: 80.0 / 100
• Median Home Price is: $196000
• Average Rent (2 BR Apartment): $1200 per month
• Average Rent (2 BR House): $1352 per month

Considering a move to Horn lake, MS? The housing index of 80.0 indicates a relatively affordable market. With a median home price of 196000, potential buyers have the opportunity to invest in property at a reasonable cost. Additionally, renting options are viable, with an average rent of 1200 for a 2-bedroom apartment and 1352 for a 2-bedroom house. Remember, this market compared to national averages shows a friendly outlook for both renters and buyers, making it a noteworthy option for relocation.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Horn lake, 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.): $250 per month

Living in Horn lake, 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 250 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: $57111

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 Horn lake, 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.