Cost of Living in Taylor, MS: What You Need to Know

With a cost of living index of 81, Taylor, MS is a very affordable place to live. Living here is 19% cheaper than the national average and 10% above the Mississippi state average of 71. Taylor is a small community of 258 residents.

Housing costs are the biggest factor in Taylor's cost of living. The median monthly rent is $875 (34% below the US median of $1,319), and the median home value sits at $275,000 (10% below the national median of $304,900). At current prices, the median home costs roughly 3.5x the median household income — a moderately affordable ratio by today's standards.

The median household income in Taylor is $79,167, which is 5% higher than the national median of $75,149. Residents spend roughly 13% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Taylor. The area sees an average annual temperature of 59.6°F, with summers averaging 77°F and winters around 42°F. Annual rainfall totals 55.5 inches spread over roughly 119 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.

Housing

Median Rent

$875/mo

Median Home Value

$275,000

Median Monthly Housing Cost

$650/mo

Climate in Taylor

NOAA 30-year normals (1991-2020)

59.6°F

Avg Temperature

55.5"

Rainfall / Year

119d

Rainy Days / Year

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
High °F	50	55	64	73	80	86	89	89	83	73	62	53
Avg °F	40	43	51	60	68	75	78	77	71	60	49	43
Low °F	29	32	39	47	56	64	67	66	59	47	37	32
Rain"	4.2	5.2	5.2	5.9	5.5	4.6	4.3	2.7	3.6	4.5	4.4	5.6

Cost of Living in Taylor, MS