Cost of Living in Myrtle, MS
Housing
The housing market plays a significant role in determining the cost of living in Myrtle, MS.
- Housing Index: 86 / 100
- Median Home Price is: $80,000
- Average Rent (2 BR Apartment): $1309 per month
- Average Rent (2 BR House): $1423 per month
When considering a move to Myrtle, MS, the data suggests a strikingly low housing index of 86. With a median home price of 80000, it's clear that homeownership is potentially very affordable in the area. However, the absence of average rent data for 2BR apartments and houses poses a challenge for renters seeking cost insights. Generally, areas with low home prices can attract a more diverse population but may also indicate limited amenities or job opportunities. We recommend further research to gauge living conditions and future real estate trends in this locale.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Myrtle, MS.
- Electricity Price: $13.42 USD (median by state)
- Natural Gas Price: $22.19 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $207 per month
Living in Myrtle, MS could entail higher utility costs. Electricity costs sit at $13.42, while natural gas is priced at $22.19 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $207 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Myrtle is a financially viable option for your relocation.