Cost of Living in Port Gibson, MS

With a cost of living index of 57, Port Gibson, MS is one of the most affordable cities in the country. Living here is 43% cheaper than the national average and 14% below the Mississippi state average of 71. Port Gibson is a small community of 1,114 residents.

Housing costs are the biggest factor in Port Gibson's cost of living. The median monthly rent is $499 (62% below the US median of $1,319), and the median home value sits at $127,100 (58% below the national median of $304,900). At current prices, the median home costs roughly 4.3x the median household income — a moderately affordable ratio by today's standards.

The median household income in Port Gibson is $29,500, which is 61% lower than the national median of $75,149. Residents spend roughly 20% 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 Port Gibson. The area sees an average annual temperature of 66.1°F, with summers averaging 82°F and winters around 50°F. Annual rainfall totals 53.4 inches spread over roughly 109 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.