Executive Financial Report: Friars Point (38631)
Navigating the local economic landscape in Friars Point (38631) reveals an average baseline monthly cost of living of approximately $2,745 for single individuals. This comprehensive benchmark reflects essential housing, food, tax, and healthcare commitments.
With typical rent and housing utilities averaging an affordable $454 per month—just 17% of baseline expenses—Friars Point offers exceptionally competitive housing costs compared to wider metropolitan averages across Mississippi.
Household earnings in Friars Point generally align with basic living standards. With an area median family income of $37,577, local workers earn roughly 1.14x the baseline living cost ($32,944.606/year). While adequate, maintaining a comfortable safety net requires mindful budgeting.
Tax obligations represent roughly 15% ($413/month) of baseline monthly spending in zip code 38631. State and federal tax obligations form a consistent component of monthly financial planning. Meanwhile, essential groceries average $268 monthly for single adults.
In summary, living in Friars Point, MS requires balancing local real estate conditions with prevailing regional wage structures. Use the interactive calculator below to adjust these benchmarks for multi-person family households or compare 38631 against other US destinations.