Housing costs in Chatham?
A typical home costs
$109,700, which is 67.6% less expensive than the national average of
$338,100 and 29.4% less expensive than the average Mississippi home, at
$155,300. Renting a two-bedroom unit in Chatham costs
$740 per month, which is 48.3% cheaper than the national average of
$1,430 and 20.3% cheaper than the state average of
$890.
Can I afford Chatham?
To live comfortably in Chatham (zip 38731), Mississippi, a minimum annual income of
$20,880 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Chatham?
The cost of living in 38731 Chatham, MS is relatively low compared to other cities. According to the most recent data, the estimated cost of living is nine percent lower than the national average, making it an attractive place to live. Housing costs are especially low; in fact, median rents come in at just under $800 and median home values come in at around $70,000. This allows for a high quality of life and plenty of financial freedom. Other costs such as food and utilities are also well within most people's budget, making Chatham a great destination for those looking to make a new home.