Cost of Living in Marion, MS

With a cost of living index of 80, Marion, MS is a very affordable place to live. Living here is 20% cheaper than the national average and 9% above the Mississippi state average of 71. Marion is a small community of 2,033 residents.

Housing costs are the biggest factor in Marion's cost of living. The median monthly rent is $1,074 (19% below the US median of $1,319), and the median home value sits at $194,800 (36% below the national median of $304,900). At current prices, the median home costs roughly 3.4x the median household income — a moderately affordable ratio by today's standards.

The median household income in Marion is $57,292, which is 24% lower than the national median of $75,149. Residents spend roughly 22% 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 Marion. The area sees an average annual temperature of 65.9°F, with summers averaging 82°F and winters around 50°F. Annual rainfall totals 57 inches spread over roughly 113 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.