Housing costs in Lake?
A typical home costs
$106,300, which is 68.6% less expensive than the national average of
$338,100 and 31.6% less expensive than the average Mississippi home, at
$155,300. Renting a two-bedroom unit in Lake costs
$790 per month, which is 44.8% cheaper than the national average of
$1,430 and 12.7% cheaper than the state average of
$890.
Can I afford Lake?
To live comfortably in Lake, Mississippi, a minimum annual income of
$20,520 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Lake?
The cost of living in Lake, MS is relatively low compared to other cities and towns. The median home price in the area is around $90,000 which makes it one of the most affordable places to live in the state. Additionally, groceries, utilities and transportation are all relatively inexpensive with prices lower than national averages. This makes it an attractive option for those looking for a place to settle down and save money while having access to plenty of amenities nearby. With a low crime rate and friendly locals, Lake, MS offers a great balance between affordability and quality of life.