Cost of Living in Forest, MS

Population 5,365 · Mississippi · Data vintage 2023

47
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Forest sits on the smaller end of the Mississippi city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. A poverty rate near 23% adds context to the income figures — well above the US average, and worth factoring into any comparison with cities on the coasts or in the Rockies.

Geographically, Forest is about 45 miles east of Jackson, the nearest large metro. Median home values run roughly 19% higher than Jackson's $108,000.

Cost Overview

Housing 42
Rent 53

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Forest

The median home value in Forest is $129,100 — 58% below the national median of $305,000. Median rent runs $695/month, 47% lower than the national median of $1,314/month. The median household income of $51,082/year is 32% lower than the US median of $74,580. The local unemployment rate is 6.5%, above the national average of 4.8%. Mississippi's top state income tax rate is 4.7% and the combined sales tax is 7.1%. Overall, Forest has a cost of living index of 47 versus the US average of 100, meaning it is 53% less expensive.

🏠 Housing

Median Home Value
$129,100
58% below avg
Zillow Home Value
$118,652
Zillow ZHVI
Median Rent
$695/mo
47% below avg
Price-to-Rent Ratio
15.5x
Favors buying
Property Tax Rate
0.7%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$770
1 BR
$802
2 BR
$933
3 BR
$1,238
4 BR
$1,321
Owner-occupied 50.6%
Renter-occupied 49.4%

💰 Estimated Monthly Budget

Rent median rent
$695
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,309/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
20.0 min
26% below avg
Gas Price
$3.145/gal
0% below avg
0

Commute Mode

Drove alone
74.7%
Carpooled
11.7%
Walked
10.4%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 4.7%
Total Sales Tax 7.1%
State rate 7.0%
Avg local rate 0.1%
Property Tax 0.7%

💼 Income & Employment

Median Household Income
$51,082
32% below avg
Per Capita Income
$20,570
Unemployment Rate
6.5%
36% above avg
Poverty Rate
23.2%
Labor Force Participation
52.6%

🎓 Education

Bachelor's degree+ 8.6%
Graduate degree 6.1%

👥 Demographics

Median Age 38.2
Male median age 34.8
Female median age 41.7

🏫 Schools

NCES CCD 2019 — public school district data

81.3%
4-Year Graduation Rate
15.3:1
Student-teacher ratio
12
Public schools
5,759
Total enrollment

Frequently Asked Questions

What is the cost of living in Forest, MS?

Forest has a cost index of 47 (100 = national average). It is 53% below the national average.

What is average rent in Forest, MS?

The median gross rent in Forest is $695 per month based on 2023 Census data.

What is the average home price in Forest?

The median home value in Forest is $129,100 according to Zillow and Census data.

What is the median income in Forest?

The median household income in Forest is $51,082 per year (2023 ACS 5-year estimates).

What is the sales tax in Forest, MS?

The combined state and local sales tax rate in Forest is 7.1%. The Mississippi state income tax top rate is 4.7%.

Is Forest, MS affordable?

Yes, Forest is generally considered affordable, with a cost of living index of 47 — about 53% below the US national average of 100.

Forest at a Glance

Population
5,365
Median Income
$51,082
Home Value
$129,100
Median Rent
$695/mo
Unemployment
6.5%
Sales Tax
7.1%
View all cities in Mississippi →
🗺️ County data for Mississippi

Explore county-level cost of living data

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