Cost of Living in Friars Point, MS

With a cost of living index of 49, Friars Point, MS is one of the most affordable cities in the country. Living here is 51% cheaper than the national average and 22% below the Mississippi state average of 71. Friars Point is a small community of 997 residents.

Housing costs are the biggest factor in Friars Point's cost of living. The median monthly rent is $430 (67% below the US median of $1,319), and the median home value sits at $54,100 (82% below the national median of $304,900). At current prices, the median home costs roughly 2.6x the median household income — well within traditional affordability guidelines.

The median household income in Friars Point is $21,181, which is 72% lower than the national median of $75,149. Residents spend roughly 24% 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 Friars Point. The area sees an average annual temperature of 62.6°F, with summers averaging 81°F and winters around 44°F. Annual rainfall totals 50.4 inches spread over roughly 123 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.