Cost of Living in Walnut Grove, MS

With a cost of living index of 54, Walnut Grove, MS is one of the most affordable cities in the country. Living here is 46% cheaper than the national average and 17% below the Mississippi state average of 71. Walnut Grove is a small community of 645 residents.

Housing costs are the biggest factor in Walnut Grove's cost of living. The median monthly rent is $500 (62% below the US median of $1,319), and the median home value sits at $84,400 (72% below the national median of $304,900). At current prices, the median home costs roughly 2.6x the median household income — well within traditional affordability guidelines.

The median household income in Walnut Grove is $32,813, which is 56% lower than the national median of $75,149. Residents spend roughly 18% 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 Walnut Grove. The area sees an average annual temperature of 63.2°F, with summers averaging 79°F and winters around 47°F. Annual rainfall totals 58.2 inches spread over roughly 115 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

Everyday prices in the Jackson, MS (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.