Lexington, MS vs Water Valley, MS

Lexington, MS and Water Valley, MS have a very similar cost of living, with only a 1.1% difference in their overall index. Lexington scores 58 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 Lexington is $629/month compared to $592/month in Water Valley — a 6% difference. Interestingly, home values tell a different story: while Water Valley has cheaper rent, Lexington actually has lower median home values ($90,300 vs $111,000).

Median household income in Lexington is $39,375 compared to $47,167 in Water Valley (-16.5%). While Water Valley is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Lexington spend roughly 19.2% of their income on rent, more than the 15.1% in Water Valley.

Climate-wise, Lexington is notably warmer with an average of 64°F compared to 59.6°F in Water Valley. Water Valley receives more rainfall at 55.5" per year compared to 51.8" in Lexington.