Living in Water Valley, Mississippi
Cost of living, income, home prices, rent and demographics of Water Valley · Census data 2020–2024
Water Valley has 3,376 residents with a median age of 32. The median household income is $42,684 (24% lower than the Mississippi median), the median home value is $135,500, the median rent is $606/month.
Water Valley at a glance
- Population
- 3,376
- Median age
- 32State: 38.6
- Median household income
- $42,684State: $56,447
- Median home value
- $135,500State: $169,800
- Median rent
- $606/moState: $954
- Homeowners
- 48.8%
- Bachelor's degree or higher
- 23.1%
- Average commute
- 23 min
Is Water Valley a good place to live?
Pros: Home values 20% lower than the state median; an average commute of 23 minutes; unemployment of 3.1%.
Cons: Median household income 24% lower than the Mississippi median; a poverty rate of 27.1%.
The weather is best in April–May and September–October.
Cost of living in Water Valley
Housing is the biggest part of the cost of living. In Water Valley the median home value is $135,500, 59% lower than the U.S. median. Renters pay a median of $606 per month, which is 23.2% of household income. Homeowners with a mortgage pay $1,081 a month in housing costs.
Water Valley median household income
The median household income in Water Valley is $42,684 and the income per person is $25,436. 27.1% of residents live below the poverty line (Mississippi: 18.9%).
Housing in Water Valley: homes for sale and rent
- Housing units
- 1,600
- Owner-occupied
- 48.8%
- Renter-occupied
- 51.2%
- Vacant
- 21.9%Includes seasonal homes
- Median year built
- 1972
- Average household size
- 2.57
Water Valley demographics
- Population
- 3,376
- Median age
- 32
- Under 18
- 23.3%
- 65 and older
- 18.9%
- Households
- 1,249
- Foreign-born
- 0.6%
- Veterans
- 3.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Water Valley ›
Education in Water Valley
23.1% of adults 25 and older in Water Valley have a bachelor's degree or higher (Mississippi: 25.1%), and 7.8% have a graduate or professional degree.
Jobs and commute in Water Valley
- Unemployment rate
- 3.1%State: 5.8%
- Average commute
- 23 minState: 26 min
- Work from home
- 5.8%
- Drive alone
- 88%
- Public transit
- 0%
- Walk to work
- 1.2%
- Homes with broadband
- 83.9%
Water Valley vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Water Valley | 3,376 | $42,684 | $135,500 | $606 |
| Taylor | 245 | $80,208 | $283,900 | $1,021 |
| Coffeeville | 785 | $26,250 | $87,300 | $670 |
| Oxford | 26,411 | $64,451 | $385,700 | $1,071 |
| Oakland | 402 | $32,697 | — | — |
| Pope | 413 | $59,167 | $106,500 | $938 |
| Courtland | 1,205 | $46,544 | $93,600 | $925 |
| Batesville | 7,387 | $51,727 | $222,400 | $895 |
| Bruce | 1,483 | $26,923 | $71,700 | $643 |
More for people moving to Water Valley
Water Valley ZIP code ›Weather and climate ›Living in Water Valley: FAQ
What is the median household income in Water Valley, MS?
The median household income in Water Valley is $42,684, 24% lower than the Mississippi median of $56,447 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Water Valley?
The median home value in Water Valley is $135,500, compared with $169,800 in Mississippi.
How much is rent in Water Valley?
The median gross rent in Water Valley is $606 per month, about 23.2% of household income.
Is Water Valley, MS a good place to live?
Pluses: home values 20% lower than the state median; an average commute of 23 minutes; unemployment of 3.1%. Minuses: median household income 24% lower than the Mississippi median; a poverty rate of 27.1%.
What is the median age in Water Valley?
The median age in Water Valley is 32 years (Mississippi: 38.6).
How long is the commute in Water Valley?
The average commute to work in Water Valley is 23 minutes; 5.8% of workers work from home.
What is the unemployment rate in Water Valley?
The unemployment rate in Water Valley is 3.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Water Valley?
23.1% of adults in Water Valley have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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