Cost of Living in Iuka, MS

Housing

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

• Housing Index: 0.0 / 100
• Median Home Price is: $115000
• Average Rent (2 BR Apartment): $0.0 per month
• Average Rent (2 BR House): $0.0 per month

When considering a move to Iuka, MS, the housing situation appears incredibly favorable. With a median home price of 115000, it represents an affordable option for homebuyers. Although the housing index is notably low at 0.0, indicating potential availability issues, investment opportunities may arise. Renting also seems underwhelming with both average rents for a 2BR apartment and a 2BR house sitting at zero, raising concerns about rental market activity. Prospective residents should be watchful of any emerging developments that could impact these figures. Ultimately, budgeting carefully for property ownership could be beneficial here.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Iuka, 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.): $0.0 per month

Living in Iuka, 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 0.0 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: 0.0

Median Income

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

• Median Income: $43887

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 Iuka, 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.