Cost of Living in Beechwood, MS

With a cost of living index of 79, Beechwood, MS is a very affordable place to live. Living here is 22% cheaper than the national average and 8% above the Mississippi state average of 71. Beechwood is a small community of 3,708 residents.

Housing costs are the biggest factor in Beechwood's cost of living. The median monthly rent is $902 (32% below the US median of $1,319), and the median home value sits at $239,400 (21% below the national median of $304,900). At current prices, the median home costs roughly 2.7x the median household income — well within traditional affordability guidelines.

The median household income in Beechwood is $88,653, which is 18% higher than the national median of $75,149. Residents spend roughly 12% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Beechwood. The area sees an average annual temperature of 66.1°F, with summers averaging 82°F and winters around 50°F. Annual rainfall totals 53.4 inches spread over roughly 109 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.