Housing costs in Inverness?
A typical home costs
$113,900, which is 66.3% less expensive than the national average of
$338,100 and 26.7% less expensive than the average Mississippi home, at
$155,300. Renting a two-bedroom unit in Inverness costs
$740 per month, which is 16.9% cheaper than the national average of
$890 and 4.1% cheaper than the state average of
$770.
Can I afford Inverness?
To live comfortably in Inverness (zip 38753), Mississippi, a minimum annual income of
$21,960 for a family, and
$22,400 for a single person is recommended.
What does A.I. say about Inverness?
The cost of living in 38753 Inverness, MS is quite reasonable. Compared to the national average, it's slightly below the norm. The median home price in this city is around $129,000, and the median monthly rent for a one-bedroom apartment is just under $600. Groceries are slightly above the national average but overall prices on goods and services are quite affordable. With no state income tax, living here can be quite attractive to those looking to save money or just enjoy a more laid back lifestyle. Additionally, there are plenty of jobs available in the area which helps make life more financially secure for many residents.