Living in Okolona, MS

What's it like Living in Okolona?

Located in the state of Mississippi, Okolona is a smaller city with a population of 2,601 residents. With a total of 75%, the Black or African American racial group makes up the majority of the population in Okolona. The next most represented races are 24% White and 0% Asian. Okolona is not known to have a high population (over 15 years old) of married people. At only 45% married, this city falls well below the national average. The average American spends about 26 minutes on their one way commute to work each day. Lower travel times can increase overall happiness and allow for more time to be spent with family and friends. While living in Okolona, your commute times will be about average, with a one way commute time of 27 minutes.

Without the right tools, relocating to any new area can be very stressful and challenging. Living in Okolona, Mississippi could be a positive 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. With useful information like crime, cost of living, health & safety and other key data points, finding the best places to live in Okolona and in the areas around Okolona is a much easier task.

Okolona has a livability score of 60 out of 100 and is ranked #172 in Mississippi and #16,885 in the USA. Compared to the United States average, this area has a score which ranks among the lowest in the nation, and it is not considered a very livable city. For each of the livability categories, we know that Okolona ranks very well for crime (A) and housing (A+). On a more negative note, Okolona does not have favorable ranks for the following: amenities (F), education (F) and employment (F). If we take a look at the data, we can find out why.

Managing monthly expenses, from grocery bills to never-ending utility costs, can swiftly accumulate. Fortunately, we're delighted to share that the cost of living in Okolona is 27.8% lower than the national average. This translates to a tangible reduction in those persistent monthly expenditures, making Okolona a city where you can anticipate lower costs across the board when compared to many other urban areas. This financial advantage not only eases the burden of day-to-day living but also allows for a more budget-friendly lifestyle, ensuring that your hard-earned money goes further and providing an appealing incentive for those seeking to improve their financial well-being in a world where expenses continue to rise.

The unemployment rate in Okolona has consistently declined over the years and currently stands well below the national average at 2.41%. This downward trend holds the potential to reduce poverty and inequality within the region, promote higher wage levels and stimulate greater economic growth. Such positive indicators signal the overall robust health of the local economy, offering a promising outlook for its residents and fostering an environment of financial well-being and prosperity.

Real estate represents the most substantial investment for homebuyers, constituting their most valuable asset. Renters, on the other hand, typically see their monthly rent as their most significant expense. The Okolona market earns a high score in the housing category, surpassing the national average in factors like home and rental affordability and appreciation rates. This robust real estate market not only benefits individual homeowners and renters but also spurs vigorous local economic activity and job growth, solidifying its significance in driving the region's prosperity and financial well-being.

There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Okolona is actually affordable. The median home price for Okolona homes is $69,200, which is 34.5% lower than the Mississippi average. If we take a closer look at the affordability of homes in Okolona, we’ll see that the home price to income ratio is 3, which is 15.4% higher than the Mississippi average.

Best Places to Live in and Around Okolona

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