Cost of Living in Centreville, MS

With a cost of living index of 52, Centreville, MS is one of the most affordable cities in the country. Living here is 48% cheaper than the national average and 18% below the Mississippi state average of 71. Centreville is a small community of 2,348 residents.

Housing costs are the biggest factor in Centreville's cost of living. The median monthly rent is $537 (59% below the US median of $1,319), and the median home value sits at $57,200 (81% below the national median of $304,900). At current prices, the median home costs roughly 1.2x the median household income — well within traditional affordability guidelines.

The median household income in Centreville is $47,844, which is 36% lower than the national median of $75,149. Residents spend roughly 13% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Centreville. The area sees an average annual temperature of 66.2°F, with summers averaging 80°F and winters around 51°F. Annual rainfall totals 60.6 inches spread over roughly 121 days.

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.