Cost of Living in Derma, MS

With a cost of living index of 60, Derma, MS is one of the most affordable cities in the country. Living here is 40% cheaper than the national average and 11% below the Mississippi state average of 71. Derma is a small community of 855 residents.

Housing costs are the biggest factor in Derma's cost of living. The median monthly rent is $721 (45% below the US median of $1,319), and the median home value sits at $78,900 (74% below the national median of $304,900). At current prices, the median home costs roughly 1.5x the median household income — well within traditional affordability guidelines.

The median household income in Derma is $52,879, which is 30% lower than the national median of $75,149. Residents spend roughly 16% 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 Derma. The area sees an average annual temperature of 63.6°F, with summers averaging 81°F and winters around 46°F. Annual rainfall totals 57.7 inches spread over roughly 115 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.