Moving to Mississippi in 2024? Complete Moving Guide

Are you thinking of moving to Mississippi?

Moving is a life-changing event, and it involves risk and excitement. To move to Mississippi, you must be prepared physically, financially, and emotionally. The state offers a low cost of living compared to the national average. Mississippi experiences a humid subtropical climate with hot humid summers and mild winters. If you are moving to Mississippi for a job, you might find that the job market is concentrated in healthcare, manufacturing, and professional services. There are various opportunities for outdoorsy people, and the state has strong Southern hospitality care. Educational opportunities vary from location to location. These details are not sufficient to decide whether moving to Mississippi is right or not. So, we will explore Mississippi in different segments.

• Mississippi Demographics
• Quick Facts of Mississippi
• Top reasons to move to Mississippi
• Pros & Cons of Living in Mississippi
• Best Places to Live in Mississippi
• Best Neighborhoods in the Mississippi
• Cost of living in Mississippi
• Mississippi job market
• Major industries in Mississippi
• Top Career Options in Mississippi
• Best things to do in Mississippi
• Education System in Mississippi
• Type of insurance required in Mississippi
• Taxes in Mississippi

The median age in Mississippi is 38.1, which is slightly higher than the national average. The demography of Mississippi is constantly evolving.

Male vs Female Population of Mississippi 

Source: Worldometer

Population distribution by Ethnicity in Mississippi

We understand your worries about your new home. Thus, we have compiled information about the best cities in the state, their population, median home value, and unemployment rates in each city. Let us explore-

The cost of living in Mississippi is among the highest in the world. It is 58% higher than the national average. When you move here you will be paying more for housing, groceries and transportation. 

Cost of Living by Categories in Mississippi vs USA 

Median House Price in Mississippi vs USA

Median Rent Price in Mississippi vs USA

Housing Market in Mississippi

Currently, the housing market in Mississippi is a seller’s market where the demand for houses is more than the available ones. The prices of homes have risen steadily over the past years. The inventories are still low while houses are selling faster than ever.

Average Rental Cost in Mississippi

The average rental cost in Mississippi falls between $1,100 and $1,400. The rents can vary depending on the location, size, and type of property.

Median Home Value in Mississippi

The median home value in Mississippi is lower than the national average and the home prices are rising steadily.

How is the job market in Mississippi? 

An understanding of the job market is important before moving to a new state. But if you are moving to Mississippi for a job, you must know about the current employment options, thriving industries, and available high-paying jobs.

Median Income in Mississippi vs USA 

Unemployment Rate in Mississippi vs USA

Biggest Companies in Mississippi by city and number of employees

Auto Insurance- Liability insurance is mandatory by law for all vehicles registered in the state. There is a minimum liability coverage for motor insurance in Mississippi-

$25,000 for bodily injury to one person in one accident

$50,000 for bodily injury to two or more people in one accident

$25,000 for property damage per accident

Homeowner’s and Renter’s Insurance- If you own a home, this type of insurance will protect your property from the damage caused by fire, vandalism, and theft. Renters can also benefit similarly from this type of insurance.

Health Insurance- This type of insurance is not mandatory by law but all the state residents must have it. It will help financially in managing the medical expenses.

Life Insurance- This type of insurance provides financial benefits to your family in the event of your death.

Flood Insurance- This type of insurance is beneficial if you live in a flood-prone area. This type of insurance can be purchased from the National Flood Insurance Program (NFIP).

Income Tax- Mississippi has a flat income tax rate of 4.70% and does not vary with the increase in income.

Sales Tax- Mississippi has a statewide sales tax of 7% and some localities add additional sales taxes.

Property tax- In Mississippi, the property tax is based on the assessed value of your property and the average effective property rate is 0.70% of the assessed home value.

Estate Tax- There is no estate or inheritance tax in Mississippi.

Gas Tax- There is an 18.4 cents per gallon gas tax on regular gasoline and diesel fuel.

Hotel Occupancy Tax- Many cities and counties in Mississippi collect a hotel occupancy tax on hotel stays.

Disclaimer: The information provided in this guide is for informational purposes only and should not be construed as legal, financial, or professional advice. It is recommended to conduct thorough research and consult relevant experts before making any decisions related to relocation.