Cost of Living in Farrell, MS
Population: 216 | Mississippi
Farrell is 25% less expensive than the national average.
Cost of Living in Farrell, MS: What You Need to Know
With a cost of living index of 75, Farrell, MS is one of the most affordable cities in the country. Living here is 25% cheaper than the national average and 4% above the Mississippi state average of 71. Farrell is a small community of 216 residents.
The median household income in Farrell is $37,007, which is 51% lower than the national median of $75,149. 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 Farrell. The area sees an average annual temperature of 64°F, with summers averaging 81°F and winters around 46°F. Annual rainfall totals 49 inches spread over roughly 104 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.
Income
- Median Household Income
- $37,007
- vs US Median ($75,149)
- -51%
Housing
- Median Home Value
- $38,400
- Median Monthly Housing Cost
- $234/mo
Climate in Farrell
NOAA 30-year normals (1991-2020)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 53 | 58 | 66 | 75 | 83 | 89 | 93 | 92 | 88 | 77 | 65 | 55 |
| Avg °F | 44 | 48 | 56 | 64 | 73 | 79 | 82 | 82 | 76 | 65 | 54 | 46 |
| Low °F | 35 | 38 | 45 | 54 | 62 | 69 | 72 | 71 | 64 | 53 | 42 | 37 |
| Rain" | 4.5 | 4.7 | 4.7 | 5.0 | 3.8 | 3.3 | 3.2 | 2.8 | 3.6 | 4.2 | 4.0 | 5.1 |