Housing costs in Belmont?
A typical home costs
$131,200, which is 61.2% less expensive than the national average of
$338,100 and 15.5% less expensive than the average Mississippi home, at
$155,300. Renting a two-bedroom unit in Belmont 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 Belmont?
To live comfortably in Belmont (zip 38827), Mississippi, a minimum annual income of
$25,200 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Belmont?
The cost of living in 38827 Belmont, MS is relatively low compared to other places in the country. The overall cost of living index for the area is 77.7, which is 22.3% lower than the national average. This makes it an attractive area for those looking to stretch their dollar further. Groceries, housing, and healthcare are all notably cheaper than average, while utilities tend to be more expensive than most places in Mississippi. However, taxes are about average compared to other areas of the state. All in all, 38827 Belmont, MS can be an affordable place to call home for those on a budget seeking a lower cost of living.