Olive Branch, MS Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

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

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
94
Olive Branch's Overall Cost Of Living
0.9x
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:

63 out of 69
In Mississippi
2,290 out of 6,412
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
For more reading on cost of living around Mississippi, check out:
Olive Branch Cost of Living Vs. MS

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
Search Homes For Sale In Olive Branch, MS
$204,800
Median Home Value
$1,325
Median Rent
$81,860
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

8
/10
Overall SnackAbility
Jobs
8.5/10
Housing
8
Affordability
8
Diversity
9
Safety
6
Amenities
8
Education
8
Commute
8

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

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