Olive Branch, MS

Average · 100

Mississippi · Population 46,538 · Updated March 2026

$1,609
Median Rent / Month
$98,421
Median Income
$269,900
Median Home Value
$1,383
Owner Costs / Month

Affordability

How far your income goes in Olive Branch

19.6%
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

$19,308
Annual Rent
$4,921
State Income Tax
$1,808
Property Tax (est.)

Cost of Living Overview

Olive Branch has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 100 (where 100 equals the national median), Olive Branch residents can expect to pay median rent of $1,609/month while earning a median household income of $98,421/year.

The median home value in Olive Branch, MS is $269,900, with typical monthly owner costs around $1,383 including mortgage, insurance, and taxes. The median rent-to-income ratio of 19.6% 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 Olive Branch.

Frequently Asked Questions

Common questions about living costs in Olive Branch

What is the cost of living in Olive Branch, MS?
The cost of living index in Olive Branch, MS is 100 (US average = 100). Median monthly rent is $1,609, median household income is $98,421/year, and the median home value is $269,900.
Is Olive Branch, MS affordable?
No, Olive Branch is more expensive than the national average with a cost index of 100. The rent-to-income ratio is 19.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Olive Branch, MS?
The median gross rent in Olive Branch, MS is $1,609 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $19,308.
What is the median household income in Olive Branch?
The median household income in Olive Branch, MS is $98,421 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%.