Cost Of Living
Everyday cost of living expenses like goods and services, housing, groceries, transportation, health care and utilities are far below the national average.
Housing
Impressive scores in the housing category characterize this area, potentially attributed to the availability of affordable housing, strong appreciation rates and high home values.
Amenities
The majority of amenities will be difficult to reach within a short walk, often requiring residents to use a vehicle or public transportation for access.
Commute
Low commute scores could be due to limited access to public transit in this area, as well as longer-than-average work commute times for residents.
Employment
This area earns a low score in the employment category due to low household income levels and high unemployment rates, which may pose challenges in seeking job opportunities.
Schools
The low schools score might be a result of factors like lower than average education levels, lackluster reading and math scores and the inaccessibility of local elementary and high schools.
Located in the state of Mississippi, Water Valley is a small city with a population of 3,300 people. Water Valley is mostly populated by White (49%) and Black or African American (51%) ethnic groups. Water Valley is not known to have a high population (over 15 years old) of married people. At only 50% married, this city falls well below the national average. If you're not a fan of traffic congestion and long commute times to work, Water Valley is the place to be. Commutes to work here are shorter, with an average one-way commute time taking only 19 minutes, significantly lower than the national average of 26 minutes.
Without the right tools, relocating to any new area can be very stressful and challenging. Living in Water Valley, Mississippi could be a good experience for anyone who puts in the effort to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. Finding the best places to live in Water Valley and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes amenities, cost of living, commute, health & safety and other important metrics.
The livability score in Water Valley is 60/100 and the city is ranked in the 43rd percentile of all cities across America. Compared to the US average, this city has a score which ranks among the lowest in the nation, and it is not considered a very livable city. There are nine total categories that generate the livability score. Water Valley ranks well for housing (B+) On a more negative note, Water Valley does not have favorable ranks for the following: amenities (F), education (F) and employment (F). If we take a look at the data, we can find out why.
Striving for a cost-effective lifestyle becomes increasingly essential, especially in light of the ongoing upward trajectory of everyday goods and services. In Water Valley, residents enjoy the privilege of a cost of living that is 23.8% below the national average. This favorable positioning extends its influence across a broad spectrum of expenses, encompassing not only goods and services but also housing costs, groceries and healthcare costs. Consequently, this locale emerges as a hub where your financial resources go further, allowing you to maintain an economical and sustainable way of life. This affordability becomes increasingly significant in an era marked by escalating expenses, rendering Water Valley an appealing destination for those in pursuit of financial prudence without sacrificing their quality of life.
A healthy real estate market serves as a key economic indicator. It could signify overall local economic strength, stability and reflects consumer confidence in the area. Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Water Valley has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
Water Valley real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Water Valley. The median home price for Water Valley homes is $98,800, which is 6.5% lower than the Mississippi average. If we take a closer look at the affordability of homes in Water Valley, we’ll see that the home price to income ratio is 2.5, which is 3.8% lower than the Mississippi average.
| Statistic | Water Valley | Mississippi | National |
| Average one way commute | 19min | 24min | 26min |
| Workers who drive to work | 88.8% | 84.7% | 76.4% |
| Workers who carpool | 2.4% | 9.7% | 9.3% |
| Workers who take public transit | 1.2% | 0.4% | 5.1% |
| Workers who bicycle | 0.0% | 0.1% | 0.6% |
| Workers who walk | 1.5% | 1.5% | 2.8% |
| Working from home | 4.5% | 2.2% | 4.6% |
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