Cost of Living in Water valley, MS

Housing

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

• Housing Index: 90.0 / 100
• Median Home Price is: $124000
• Average Rent (2 BR Apartment): $800 per month
• Average Rent (2 BR House): $850 per month

Considering a move to Water valley, MS? The housing index of 90.0 suggests that the market is affordable compared to national averages, making it attractive for first-time homebuyers and renters alike. With a median home price of 124000 and average rent for a 2-bedroom apartment at 800, affordability is key. The slightly higher price for a 2-bedroom house at 850 might offer better space options for families. Evaluate your housing preferences carefully, as this location presents an opportunity for both rental and homeownership success.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Water valley, 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 Water valley, 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: 95.0

Median Income

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

• Median Income: $45718

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 Water valley, 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.