Gulf Park Estates, MS

Yes — everyday expenses in Gulf Park Estates run about 14% below the US average (Cost Index: 86). Housing is especially affordable: the median home is valued around $196,800, compared to the $303,400 national median. Monthly rent is typically around $1,389, versus $1,348 nationally.

Start with housing. Typical monthly rent is $1,389, while local median household income is $62,100. That implies a rent-burden proxy of about 27% before utilities and other costs. For a specific job offer, filing status, or take-home pay scenario, use salary.city.

Mississippi has a progressive state income tax with a top rate of 5%. The effective property tax rate is 0.81%. On a home worth $196,800, that translates to roughly $1,594 per year in property taxes. Sales tax (state + local) averages around 7.07% on everyday purchases.

The typical monthly rent in Gulf Park Estates is around $1,389. That's close to the $1,348 national median. For comparison, the median home value here is $196,800, so buyers should also factor in mortgage payments, property taxes, and insurance.

The median home in Gulf Park Estates is valued at $196,800. With 20% down and a 6.5% mortgage rate, you'd be looking at roughly $995/month for principal and interest alone — before property taxes and insurance. About 68% of residents here own their homes.

Grocery prices in Gulf Park Estates are about average compared to the rest of the US (index: 96, where 100 is the national average). Utility bills (electricity, gas, water) are below average (index: 88). Overall, these everyday costs shouldn't cause major surprises if you're moving from another similarly-sized US city.

Gulf Park Estates is a small town with a population of about 6,517. The median age of residents is 42.1, skewing somewhat older — common in established suburban communities. The local poverty rate is 4.56%, well below the national average of 12.4%.