Housing costs in Mount Olive?
A typical home costs
$108,200, which is 68.0% less expensive than the national average of
$338,100 and 30.3% less expensive than the average Mississippi home, at
$155,300. Renting a two-bedroom unit in Mount Olive costs
$750 per month, which is 47.6% cheaper than the national average of
$1,430 and 18.7% cheaper than the state average of
$890.
Can I afford Mount Olive?
To live comfortably in Mount Olive, Mississippi, a minimum annual income of
$20,880 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Mount Olive?
The cost of living in Mount Olive, MS is relatively low. According to data from Best Places, the cost of living in the town is 8% lower than the national average. Housing expenses are especially affordable, with a median home value of $82,300. This means that potential homeowners can find moderately-priced homes and condos in this area. In addition, the overall cost of food and utilities is also cheaper than in many other areas of the country. All these factors come together to make Mount Olive an attractive option for residents on a budget.