Cost of Living in Southaven, MS

Housing

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

• Housing Index: 85.5 / 100
• Median Home Price is: $251000
• Average Rent (2 BR Apartment): $1300 per month
• Average Rent (2 BR House): $1365 per month

When considering a move to Southaven, MS, the local housing market shows a housing index of 85.5 reflecting a relatively affordable cost of living. With a median home price of 251000, purchasing a home might be more feasible compared to bigger cities. Average rents, at 1300 for a 2-bedroom apartment and 1365 for a 2-bedroom house, offer additional reasonable options for renters. Given its affordability, transitioning to this area could enable you to maintain a comfortable lifestyle while capitalizing on potential opportunities for growth in the housing market.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Southaven, 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.): $200 per month

Living in Southaven, 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 200 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: 90.3

Median Income

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

• Median Income: $72513

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 Southaven, 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.