Red Banks, MS Cost of Living


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Red Banks cost of living score
79.4
Less expensive
20.6% lower
than the US average
0.9% higher
than the Mississippi average
Red Banks, Mississippi gets a BestPlaces Cost of Living score of 79.4, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 20.6% lower than the U.S. average and 0.9% lower than the average for Mississippi.

Red Banks, MS

Housing costs in Red Banks?
A typical home costs $0, which is 100.0% less expensive than the national average of $338,100 and 100.0% less expensive than the average Mississippi home, at $155,300. Renting a two-bedroom unit in Red Banks costs $830 per month, which is 42.0% cheaper than the national average of $1,430 and 7.2% cheaper than the state average of $890.

Can I afford Red Banks?
To live comfortably in Red Banks, Mississippi, a minimum annual income of $35,640 for a family, and $28,000 for a single person is recommended.

What does A.I. say about Red Banks?
The cost of living in Red Banks, MS is below the US average of 100. It has one of the most affordable housing markets compared to other cities across the country with a median house value of $338,100. The low cost of living allows locals to enjoy an affordable quality lifestyle and benefit from lower costs for goods and services in the area. Residents also benefit from lower taxes and a more relaxed atmosphere than many larger cities throughout America. For those looking for a budget-friendly city to live in, Red Banks, Mississippi may be just the place you are looking for.
   Cost of living score
     CategoriesRed BanksMississippiUnited States
  79.478.7100.0
   94.9100
Health 101.9100

   100=National Average

   Average Rent by Bedroom Size
Crime
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