Cost of Living in Tunica Resorts, MS

With a cost of living index of 79, Tunica Resorts, MS is a very affordable place to live. Living here is 21% cheaper than the national average and 8% above the Mississippi state average of 71. Tunica Resorts is a small community of 1,977 residents.

Housing costs are the biggest factor in Tunica Resorts's cost of living. The median monthly rent is $1,069 (19% below the US median of $1,319), and the median home value sits at $172,400 (43% 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 Tunica Resorts is $40,455, which is 46% lower than the national median of $75,149. Residents spend roughly 32% 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 Tunica Resorts. 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.

Everyday prices in the Memphis, TN-MS-AR (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.