Olive Branch, MS Cost Of Living
Cost Of Living In Olive Branch, MS Summary
Cost of living in Olive Branch research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Olive Branch is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Mississippi, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Olive Branch is 94, with 100 being the average.
The cost of living index in Olive Branch is 0.9x lower than the national average.
Olive Branch ranks as the #63 cheapest in Mississippi out of 69.
Olive Branch ranks as the #2,290 cheapest out of 6,412 in the US.
The median home value in Olive Branch is $204,800.
The median income in Olive Branch is $81,860.
Table Of Contents
Olive Branch's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Olive Branch, MS?
According to the most recent data on the cost of living, Olive Branch has an overall cost of living index of 94, which is 0.9x lower than the national index of 100.
Compared to Mississippi, Olive Branch has a cost of living index that's 1.1x higher than Mississippi's index of 86.
The standard of living in Olive Branch ranks as #63 most affordable out of the 69 places we measured in Mississippi. By definition, that implies Olive Branch ranks as the #6 most expensive place in the Magnolia State.
For more reading on life in Olive Branch, check out:
- Living In Olive Branch
- Olive Branch Crime Report
- Search Homes For Sale In Olive Branch, MS
In Mississippi
In America
Olive Branch Cost Of Living Vs. Mississippi
Six factors go into calculating the cost of living index in Olive Branch. Here is how it fairs on each of the criteria:
The Services index in Olive Branch is 92.
The Groceries index in Olive Branch is 88.
The Health index in Olive Branch is 83.
The Housing index in Olive Branch is 99.
The Transportation index in Olive Branch is 85.
The Utilities index in Olive Branch is 90.
| Living Expense | Olive Branch | Mississippi | National Average | |
|---|---|---|---|---|
| Overall | 94 | 86 | 100 | |
| Services | 92 | 92 | 100 | |
| Groceries | 88 | 94 | 100 | |
| Health | 83 | 98 | 100 | |
| Housing | 99 | 69 | 100 | |
| Transportation | 85 | 91 | 100 | |
| Utilities | 90 | 87 | 100 | |
Olive Branch, MS Housing Cost Breakdown
Housing swings affordability the most between places in Mississippi, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Olive Branch is $204,800.
The Median Rent in Olive Branch is $1,325.
The Median Income in Olive Branch is $81,860.
The Home Value To Income in Olive Branch is 2.5x.
The Rent To Monthly Income in Olive Branch is 0.19x.
| Statistic | Olive Branch | Mississippi | United States |
|---|---|---|---|
| Median Home Value | $204,800 | $133,000 | $244,900 |
| Median Rent | $1,325 | $830 | $1,163 |
| Median Income | $81,860 | $49,111 | $69,021 |
| Home Value To Income | 2.5x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Olive Branch, MS Costs By Category
Detailed Olive Branch Services Costs Vs. Mississippi
| Item | Olive Branch | Mississippi |
|---|---|---|
| Shampoo | $0.91 | $1.06 |
| Movie | $11.5 | $10.68 |
| Bowling | $16.47 | $14.67 |
| Haircut | $15.07 | $18.62 |
| Beauty Salon | $36.63 | $39.05 |
Detailed Olive Branch Groceries Costs Vs. Mississippi
| Item | Olive Branch | Mississippi |
|---|---|---|
| Ground Beef | $3.42 | $4.22 |
| Fried Chicken | $0.98 | $1.39 |
| Milk | $1.79 | $2.05 |
| Potatoes | $3.62 | $3.29 |
| Pizza | $10.37 | $10.62 |
| Beer | $9.22 | $9.38 |
| Toothpaste | $1.65 | $2.34 |
Detailed Olive Branch Health Costs Vs. Mississippi
| Item | Olive Branch | Mississippi |
|---|---|---|
| Optometrist | $74.47 | $108.57 |
| Doctor | $84.25 | $116.17 |
| Dentist | $77.68 | $99.13 |
Detailed Olive Branch Transportation Costs Vs. Mississippi
| Item | Olive Branch | Mississippi |
|---|---|---|
| Gasoline | $1.94 | $2.22 |
| Tire Balancing | $40.73 | $50.07 |
Detailed Olive Branch Utilities Costs Vs. Mississippi
| Item | Olive Branch | Mississippi |
|---|---|---|
| All Electricity | $133.97 | $167.67 |
| Phone | $184.96 | $175.64 |
Olive Branch SnackAbility
/10
Cost Of Living In Cities Around Olive Branch
The cost of living varies in the cities and towns around Olive Branch. Here's a quick look at the cost of living in the most populous nearby places:
Memphis, TN has a cost of living index of 79, 0.8x Olive Branch.
Bartlett, TN has a cost of living index of 93, 1.0x Olive Branch.
Southaven, MS has a cost of living index of 88, 0.9x Olive Branch.
| City | Population | Cost Of Living | Vs. Olive Branch |
|---|---|---|---|
| Memphis, TN | 634,139 | 79 | 0.8x |
| Bartlett, TN | 57,639 | 93 | 1.0x |
| Southaven, MS | 54,141 | 88 | 0.9x |
| Collierville, TN | 50,669 | 107 | 1.1x |
| Germantown, TN | 40,955 | 108 | 1.1x |
| Horn Lake, MS | 26,623 | 83 | 0.9x |
| Hernando, MS | 16,730 | 90 | 1.0x |
