Housing costs in Mound Bayou?
A typical home costs
$79,700, which is 76.4% less expensive than the national average of
$338,100 and 48.7% less expensive than the average Mississippi home, at
$155,300. Renting a two-bedroom unit in Mound Bayou costs
$720 per month, which is 19.1% cheaper than the national average of
$890 and 8.3% cheaper than the state average of
$780.
Can I afford Mound Bayou?
To live comfortably in Mound Bayou (zip 38762), Mississippi, a minimum annual income of
$15,120 for a family, and
$21,600 for a single person is recommended.
What does A.I. say about Mound Bayou?
The cost of living in 38762 Mound Bayou, MS is relatively low compared to the national average. According to data from the United States Census Bureau, the median home value in this area is only $46,900. This is substantially lower than the median home price across all of Mississippi, which stands at $128,500. Additionally, since this area is largely rural and agricultural, basic goods such as groceries and household items are typically more affordable than they would be in a larger city. Finally, utility costs tend to be low as well due to the mild climate of 38762 Mound Bayou. All of these factors combined make for an overall low cost of living in this part of Mississippi.