Cost of Living in Gloster, MS

With a cost of living index of 55, Gloster, MS is one of the most affordable cities in the country. Living here is 45% cheaper than the national average and 16% below the Mississippi state average of 71. Gloster is a small community of 1,189 residents.

Housing costs are the biggest factor in Gloster's cost of living. The median monthly rent is $576 (56% below the US median of $1,319), and the median home value sits at $73,400 (76% below the national median of $304,900). At current prices, the median home costs roughly 3.3x the median household income — a moderately affordable ratio by today's standards.

The median household income in Gloster is $22,500, which is 70% lower than the national median of $75,149. Residents spend roughly 31% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened. 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 Gloster. 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.