Housing costs in Red Banks?
A typical home costs
$179,000, which is 47.1% less expensive than the national average of
$338,100 and 15.3% more expensive than the average Mississippi home, at
$155,300. Renting a two-bedroom unit in Red Banks costs
$850 per month, which is 40.6% cheaper than the national average of
$1,430 and 4.7% cheaper than the state average of
$890.
Can I afford Red Banks?
To live comfortably in Red Banks (zip 38661), Mississippi, a minimum annual income of
$34,200 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Red Banks?
The cost of living in 38661 Red Banks, MS is quite reasonable. The median home value in this area is approximately $131,200, which is slightly lower than the national average. The median household income is around $34,000, which is also slightly below the national average. Groceries and other everyday needs are much less expensive here than in many other areas of the country. Sales taxes are very low at just 7%, and there are no state or local income taxes to worry about either. Overall, 38661 Red Banks, MS is a great place for people looking for an affordable place to live without sacrificing too much on quality of life.