Ocean Springs, MS

Below Avg · 88

Mississippi · Population 18,561 · Updated March 2026

$1,364
Median Rent / Month
$78,929
Median Income
$235,100
Median Home Value
$1,334
Owner Costs / Month

Affordability

How far your income goes in Ocean Springs

20.7%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Mississippi

State-level tax rates that affect your costs

5.0%
Income Tax (Top Rate)
7.0%
Sales Tax
0.67%
Property Tax Rate

Estimated Annual Costs

$16,368
Annual Rent
$3,946
State Income Tax
$1,575
Property Tax (est.)

Cost of Living Overview

Ocean Springs offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 88 (where 100 equals the national median), Ocean Springs residents can expect to pay median rent of $1,364/month while earning a median household income of $78,929/year.

The median home value in Ocean Springs, MS is $235,100, with typical monthly owner costs around $1,334 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.7% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Mississippi has a moderate income tax rate of 5.0%. Combined with a 7.0% sales tax rate and 0.67% effective property tax rate, the overall tax environment is a factor in the total cost of living in Ocean Springs.

Frequently Asked Questions

Common questions about living costs in Ocean Springs

What is the cost of living in Ocean Springs, MS?
The cost of living index in Ocean Springs, MS is 88 (US average = 100). Median monthly rent is $1,364, median household income is $78,929/year, and the median home value is $235,100.
Is Ocean Springs, MS affordable?
Yes, Ocean Springs is more affordable than the national average with a cost index of 88. The rent-to-income ratio is 20.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Ocean Springs, MS?
The median gross rent in Ocean Springs, MS is $1,364 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $16,368.
What is the median household income in Ocean Springs?
The median household income in Ocean Springs, MS is $78,929 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Mississippi?
Mississippi has a top income tax rate of 5.0%, a sales tax of 7.0%, and an effective property tax rate of 0.67%.