Housing costs in Lake Cormorant?
A typical home costs
$297,400, which is 12.0% less expensive than the national average of
$338,100 and 91.5% more expensive than the average Mississippi home, at
$155,300. Renting a two-bedroom unit in Lake Cormorant costs
$940 per month, which is 5.6% more than the national average of
$890 and 8.5% cheaper than the state average of
$1,020.
Can I afford Lake Cormorant?
To live comfortably in Lake Cormorant (zip 38641), Mississippi, a minimum annual income of
$56,880 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Lake Cormorant?
The cost of living in 38641 Lake Cormorant, MS is quite affordable. The median home value is approximately $87,000, which is roughly 16% lower than the national average. This makes it an ideal place for those looking to purchase a home or rent without breaking the bank. Additionally, the median gross rent of $751 per month is about 5% lower than the national average as well. Groceries and other essential services such as healthcare and transportation also remain relatively cheap compared to the national averages, making it a great option for those with a more limited budget.