Cost of Living
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Let Your Money Go Farther Here
According to BestPlaces.Net, residents of Hancock County enjoy a cost of living that is nearly 10% below the national average, at 91 out of 100, with a cost of living ranked 9% below the the U.S. average.
- Affordable & Convenient
- Walkable downtown areas
- Close proximity to NASA’s Stennis Space Center, Michoud Assembly Facility, Keesler Air Force Base and Seabee Base
- Ten hospitals including the Gulf Coast VA
- Gulfport-Biloxi International Airport, offering service to more than 20 destinations; One hour from New Orleans International Airport
- Multiple places of worship
- One of the Lowest Tax Burdens in the U.S.
- NO Tax on Retirement Income
- NO Estate Tax
- NO Gift Tax
- NO State Real Estate Tax
- NO Intangible Personal Property Tax
- NO Local Income Tax
- BONUS EXEMPTION on Local Property Taxes
Median Property Tax Paid: $598 per year (*with mortgage) $397 per year (*without mortgage)
Average Yearly Property Tax: Amounts to 1.21% of annual income
Average Yearly Property Tax: Amounts to 1.21% of annual income
Average Home / Land Sales Prices:
Average home sale prices
Bay St. Louis, MS $159,700
Diamondhead, MS $179,800
Hancock County, MS $135,800
Waveland, MS $136,800
Average land sale prices
Bay St. Louis, MS $48,655
Diamondhead, MS $18,013
Hancock County, MS $68,857
Waveland, MS $27,353
U.S. Median Price: $170,100
Home Insurance
Insurance rates are based on many different variables. Contact a local insurance agent for details.
Questions? Contact the Hancock County Tax Assessor at 228-467-4425 or visit www.hancockcounty.ms.gov