Water valley, MS — Cost of Living & Relocation Guide
Population: 3,361
📍 Some data sourced from nearby metro area
About Water valley, MS
Welcome to our comprehensive guide to Water valley, MS. With a population of 3,361, Water valley features a cost of living index of 43.2 (56.8% below the national average of 100). The local economy supports a median household income of $45,718 (39% below the national average), while the real estate market offers homes at a median price of $225,500.
Explore our detailed crime and safety data (15% above the national average), school ratings, tax information, and climate data below. Compare Water valley with Jackson or other cities.
📅 Data last updated: February 2026 | Sources: U.S. Census Bureau ACS, FBI UCR, BLS
Water valley, MS Quick Facts & Key Statistics
💡City Insights
Water valley scores 7/10 for affordability, 5/10 for safety, and 5/10 for family-friendliness — an good overall profile. Its strongest aspect is affordability, making it particularly suitable for budget-conscious buyers.
Living in Water valley, MS
Water Valley is a small city located in Yalobusha County, Mississippi. Nestled in the northern part of the state, it boasts a rich history and a close-knit community atmosphere. Established in the 19th century, Water Valley reflects the charm of a traditional Southern town, with a population of approximately 3,400 residents. The city is known for its picturesque landscapes, including beautiful parks and proximity to nearby lakes, offering residents and visitors a variety of outdoor recreational activities. Water Valley’s historic downtown features unique shops, local eateries, and community events that foster a strong sense of belonging among its citizens. The area is also recognized for its commitment to the arts, with initiatives that support local artists and cultural activities. The annual Watermelon Carnival is a popular event that attracts visitors from surrounding areas, showcasing the town's vibrant spirit. Education in Water Valley is provided by the Water Valley School District, which emphasizes academic achievement and community engagement. Overall, Water Valley is a charming destination that embodies the heart of Mississippi’s small-town life.
How Water valley Compares
Black line indicates US average
💵 Affordability Calculator
Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $45,718.
Income Needed to Buy
Income Needed to Rent
Pros & Cons of Moving to Water valley, MS
Pros
- • Friendly community vibe
- • Family-friendly parks
- • Strong church community
- • Access to outdoor activities
- • Safe neighborhoods
- • Rich southern culture
- • Cultural local events
- • Low cost of living
- • Mild winters
- • Growing small businesses
Cons
- • Less cultural diversity
- • Limited dining choices
- • Limited nightlife options
- • Inequality in schools
- • Job market struggling
- • Political tension
- • Underdeveloped public transport
- • Few educational resources
- • Higher crime rates
- • Healthcare access issues
Frequently Asked Questions
What is the cost of living in Water valley, MS? ▼
The cost of living in Water valley, MS is 57% lower than the national average, with a cost of living index of 43 (where 100 represents the U.S. average). Housing typically accounts for the largest portion of living expenses. See full cost of living breakdown →
How much does it cost to buy or rent a home in Water valley, MS? ▼
In Water valley, MS, The median home price is $225,500. requiring approximately $91,179 annual income to afford. Average rent is $1,800/month (requiring ~$72,000/year income). The local median household income is $45,718, making homeownership attainable for typical residents. Explore Water valley real estate data →
Is Water valley, MS a safe place to live? ▼
Water valley, MS is average in terms of safety, with crime rates near the national average. The crime rate is 26.5 per 1,000 residents. Safety varies significantly by neighborhood. View detailed Water valley crime statistics →
What salary do you need to live comfortably in Water valley, MS? ▼
To live comfortably in Water valley, MS and afford a median-priced home of $225,500, you would typically need a household income of $56,375 to $70,469 per year. The local median household income is $45,718. Renting requires approximately $72,000/year (at $1,800/month). See full affordability analysis →
What are the job opportunities like in Water valley, MS? ▼
Water valley, MS has an unemployment rate of 4.3%, which is above the national average of 3.7%. The median household income is $45,718, suggesting developing local economic conditions. View Water valley employment & demographics →
Is Water valley, MS growing? ▼
Water valley, MS has a population of 3,361. As a smaller community, population trends depend on local housing development, job growth, and quality of life factors. The affordable housing market and competitive job market shape migration patterns. See Water valley population demographics →
What are the best neighborhoods in Water valley, MS? ▼
The best neighborhoods in Water valley, MS depend on your priorities. For families, look for areas near top-rated schools with lower crime rates. For affordability, neighborhoods throughout the city offer good value since the median home price of $225,500 is below the national average. Explore Water valley on our interactive map →
What is the commute like in Water valley, MS? ▼
Commute times in Water valley, MS vary by neighborhood and workplace location. As a smaller community, residents typically drive, as public transit is limited. The affordable cost of living may allow for housing closer to employment centers. Explore commute times on our map →
How are the taxes in Water valley, MS? ▼
Tax rates in Water valley, MS include state and local components. The cost of living index of 43 suggests a lower overall tax and expense burden cost environment compared to the national average. View detailed Water valley tax information →
How does Water valley, MS compare to Jackson? ▼
Water valley, MS offers a more affordable alternative to nearby communities. With a cost of living index of 43, median home prices of $225,500, and a crime rate of 26.48 per 1,000 residents, you can compare these metrics side-by-side. Compare Water valley vs Jackson →
What is the weather like in Water valley, MS? ▼
Weather in Water valley, MS varies by season. Climate data varies by season. View detailed Water valley climate & environment data →
Explore Water valley in Detail
📅 Last Updated: February 2026
Sources: U.S. Census Bureau (ACS), FBI Uniform Crime Reports, Bureau of Labor Statistics