Booneville, MS vs Water Valley, MS

Booneville, MS and Water Valley, MS have a very similar cost of living, with only a 2.9% difference in their overall index. Booneville scores 60 while Water Valley scores 59 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Booneville is $615/month compared to $592/month in Water Valley — a 4% difference. Home values follow the same pattern: Water Valley is more affordable at $111,000 median vs $123,500.

Median household income in Booneville is $50,112 compared to $47,167 in Water Valley (+6.2%). While Booneville is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Booneville spend roughly 14.7% of their income on rent, less than the 15.1% in Water Valley.

Climate-wise, Booneville is notably warmer with an average of 63.6°F compared to 59.6°F in Water Valley. Booneville receives more rainfall at 57.7" per year compared to 55.5" in Water Valley.