Cost of Living in Mount olive, MS
Housing
The housing market plays a significant role in determining the cost of living in Mount olive, MS.
- Housing Index: Data is updating
- Median Home Price is: $103,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
When considering a move to Mount olive, MS, the housing market presents several intriguing factors. The median home price of 103000 suggests a potentially affordable opportunity for homebuyers, especially favorable for first-time buyers or those looking to invest. However, the absence of data on both average rent for 2-bedroom apartments and houses indicates either instability or a lack of rental inventory. This gap might compel potential renters to consider purchasing rather than leasing given the low housing index of 0.0. Overall, research into local amenities and development trends is crucial for informed decision-making.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Mount olive, 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.): Data is updating
Living in Mount olive, 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 data unavailable 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 Mount olive is a financially viable option for your relocation.