Cost of Living in Ocean Springs
Ocean Springs' cost of living runs genuinely above the national median on housing, alongside a moderate property tax rate.
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Learn moreAbove-median housing and moderate rent
Ocean Springs' average home value ran approximately $275,246 (Zillow), above the national median, with average rent running approximately $1,369/month (RentCafe).
A moderate property tax rate
Ocean Springs' effective property tax rate (~1.18%) runs above the national median (~1.02%) but below Ownwell's own cited Mississippi statewide comparison figure (~1.31%).
A favorable, phasing-down state income tax
Mississippi's real, current flat 4.0% income tax (2026) is legislated to phase down to 0% by 2037, and the state fully exempts all qualified retirement income.
Key takeaways
- Ocean Springs' housing runs genuinely above the national median.
- Ocean Springs' effective property tax rate (~1.18%) runs moderate relative to state and national comparisons.
- Mississippi's income tax is phasing toward zero, with full retirement-income exemption already in place.
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