Cost Of Living
The overall cost of living in this area is much lower than average. This includes everyday goods and services, as well as housing, utilities and health care.
Housing
This area has received high scores in the housing category. This could be due to a positive home affordability ratio, high appreciation rates or elevated home values.
Amenities
A majority of amenities are not ideally situated within a reasonable walking distance, which may lead residents to rely on a vehicle or public transportation.
Commute
Public transportation is not readily available in this area and the average commute time to work could also be longer than the national average.
Health & Safety
Poor air quality and the inaccessibility of certain health related facilities like hospitals, clinics, doctors and pharmacies could have all contributed to the low score in this category.
Booneville is a small city located in the state of Mississippi. The city has a population of 8,539 inhabitants. If we look at the most recent Census, Booneville is known to have a predominantly White population. The next two most common races are Black and Asian. If you prefer shorter commutes, living in Booneville will be a delight. With an average one-way commute time of just 17 minutes, traveling to and from work is notably more convenient than the national average, which stands at 26 minutes.
Without the right tools, relocating to any new city can be very stressful and challenging. Living in Booneville, Mississippi could be a fulfilling experience for anyone who puts in the effort to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. Finding the best places to live in Booneville and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes commute, health & safety, education and other important metrics.
The livability score in Booneville is 65 out of 100 and the city is ranked in the 63rd percentile of all cities across America. If we examine each of the categories individually, we see that Booneville ranks well for housing (A). On a less positive note, Booneville does not have favorable grades for the following: amenities (F) and employment (D). If we take a look at the data, we can find out why.
In today's ever-changing economic climate, pursuing a cost-effective lifestyle takes on heightened importance, particularly with the continual increase in prices for everyday necessities. When living in Booneville, residents are privileged to experience a cost of living that stands 20.64% below the national average. This advantageous position has a far-reaching impact, spanning a wide array of expenditures, encompassing not just goods and services, but also housing, groceries, and transportation costs. As a result, this area emerges as a central hub where your financial resources yield greater value, allowing for the maintenance of an economically sustainable lifestyle. This affordability holds exceptional significance in an era characterized by mounting expenses, making Booneville an attractive destination for individuals seeking financial prudence without compromising their quality of life.
Unemployment rates can vary significantly among cities, impacting job prospects, wage levels and the overall economic health of an area. In Booneville, the unemployment rate stands at 1.69%, suggesting increased job opportunities and a heightened demand for workers. This scenario can lead to higher wages, as the demand for employees outpaces job availability. Importantly, a low unemployment rate often signifies a robust and flourishing local economy.
Finding affordable real estate and housing in Booneville can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.
Certain items on your wish list like shopping, restaurants, nightlife, parks and proximity to public transportation are all important things to look for. Having said that, perhaps the most important metric to consider when contemplating a move to Booneville is real estate affordability. The median home price for Booneville homes is $127,400, which is 20.5% higher than the Mississippi average. If we take a closer look at the affordability of homes in Booneville, we’ll see that the home price to income ratio is 3, which is 15.4% higher than the Mississippi average.
| Statistic | Booneville | Mississippi | National |
| Average one way commute | 17min | 24min | 26min |
| Workers who drive to work | 89.3% | 84.7% | 76.4% |
| Workers who carpool | 8.1% | 9.7% | 9.3% |
| Workers who take public transit | 0.0% | 0.4% | 5.1% |
| Workers who bicycle | 0.0% | 0.1% | 0.6% |
| Workers who walk | 0.8% | 1.5% | 2.8% |
| Working from home | 1.8% | 2.2% | 4.6% |
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