Cost of Living in Olive Branch, MS
Population 46,538 · Mississippi · Data vintage 2023
(100 = US avg)
Olive Branch lands reasonably close to national benchmarks on most cost indicators, with a median home value of $270,000 — 12% below the US figure. That makes it a useful reference point for comparing with more extreme markets in Mississippi. The labor market has been unusually tight, with unemployment around 2.5% — below most comparable cities in the state.
Located 13 miles southeast of Memphis, Olive Branch falls within that metro's commuting orbit. Median home values run roughly 72% higher than Memphis' $157,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Olive Branch
The median home value in Olive Branch is $269,900 — 12% below the national median of $305,000. Median rent runs $1,609/month, 22% higher than the national median of $1,314/month. The median household income of $98,421/year is 32% higher than the US median of $74,580. The local unemployment rate is 2.5%, below the national average of 4.8%. Mississippi's top state income tax rate is 4.7% and the combined sales tax is 7.1%. The climate averages highs of 73.0°F and lows of 53.8°F, with about 2.7" of annual snowfall. Overall, Olive Branch has a cost of living index of 102 versus the US average of 100, meaning it is 2% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 51 | 56 | 64 | 73 | 82 | 89 | 92 | 92 | 86 | 75 | 63 | 53 |
| Low °F | 33 | 37 | 44 | 53 | 62 | 70 | 74 | 73 | 66 | 54 | 43 | 36 |
| Precip" | 4.14 | 4.55 | 5.74 | 5.87 | 5.27 | 3.99 | 4.82 | 3.37 | 3.03 | 3.98 | 4.69 | 5.49 |
| Snow" | 0.9 | 1.0 | 0.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.2 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Olive Branch, MS?
Olive Branch has a cost index of 102 (100 = national average). It is 2% above the national average.
What is average rent in Olive Branch, MS?
The median gross rent in Olive Branch is $1,609 per month based on 2023 Census data.
What is the average home price in Olive Branch?
The median home value in Olive Branch is $269,900 according to Zillow and Census data.
What is the median income in Olive Branch?
The median household income in Olive Branch is $98,421 per year (2023 ACS 5-year estimates).
What is the sales tax in Olive Branch, MS?
The combined state and local sales tax rate in Olive Branch is 7.1%. The Mississippi state income tax top rate is 4.7%.
Is Olive Branch, MS affordable?
Olive Branch is near the national average in terms of cost of living, with an index of 102 (100 = US average).
What is the weather like in Olive Branch?
Olive Branch has average high temperatures of 73.0°F and average lows of 53.8°F. Annual precipitation is 54.9". Average annual snowfall is 2.7". Data from NOAA 1991–2020 Climate Normals.
Olive Branch at a Glance
- Population
- 46,538
- Median Income
- $98,421
- Home Value
- $269,900
- Median Rent
- $1,609/mo
- Unemployment
- 2.5%
- Avg High Temp
- 73.0°F
- Sales Tax
- 7.1%
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Explore county-level cost of living data
Mississippi Rankings
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