Housing costs in Olive Branch?
A typical home costs
$315,400, which is 6.7% less expensive than the national average of
$338,100 and 103.1% more expensive than the average Mississippi home, at
$155,300. Renting a two-bedroom unit in Olive Branch costs
$1,260 per month, which is 41.6% more than the national average of
$890 and 19.0% more than the state average of
$1,020.
Can I afford Olive Branch?
To live comfortably in Olive Branch (zip 38654), Mississippi, a minimum annual income of
$60,480 for a family, and
$44,000 for a single person is recommended.
What does A.I. say about Olive Branch?
The cost of living in 38654 Olive Branch, MS is quite affordable. The median home price in this area is $167,600, which is well below the national average. Additionally, the overall cost of living index for 38654 stands at 87.1—more than 12% lower than the national average. Utility costs such as electricity and gas are also quite low in this area. In terms of groceries, food and beverage prices are slightly higher than the national average; however, they remain fairly affordable compared to other cities throughout the state. All in all, 38654 Olive Branch offers a great balance between affordability and quality of life for its residents.