Cost of Living in West Point
West Point's cost of living centers on genuinely affordable housing and a genuinely low property tax rate, alongside Mississippi's real, low flat income tax.
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Learn moreGenuinely affordable housing
Home-value figures ran $153,900 (2024 median) to $169,036 (separate estimate) -- genuinely affordable, with this record disclosing both figures rather than one (base record).
Mississippi's real, low 4.0% state income tax
Mississippi's real, current flat 4.0% individual income tax rate (tax year 2026) and full retirement-income exemption apply in West Point as statewide (base record).
A genuinely low property tax rate
West Point's cited average effective property tax rate runs approximately 0.73%, reasonably close to this project's own verified Mississippi statewide anchor (~0.65%) (base record).
Mississippi's real, statewide-elevated homeowners insurance
No West Point-specific premium figure was found this pass -- Mississippi's statewide average runs approximately $2,514-$5,161/year, among the 6-10 most expensive states nationally (base record).
Key takeaways
- West Point's home-value figures ($153,900-$169,036) run genuinely affordable.
- Mississippi's 4.0% flat state income tax (2026) applies statewide, including in West Point.
- West Point's property tax rate (~0.73%) runs genuinely low, close to Mississippi's own statewide anchor.
- Mississippi's statewide homeowners insurance ($2,514-$5,161/year) is a real, disclosed elevated cost; no West Point-specific figure was confirmed this pass.
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