You have decided to spend your vacation or getaway weekend or holiday. You like they are for all of the great things to do, the fantastic food, the events and yes, the beach. Perhaps you have visited more than once. You may not know that the Mississippi Gulf Coast is one of the most affordable areas on or near the water in the entire country.
Not only are our property values far lower than in most other areas, according to several sources, but Mississippi is also the lowest-cost state to live in. Look at the price of gasoline on any one day. Compare to where you live. Our cost for power, water, and even property taxes is at or lower than most other areas. How about the fact that Mississippi has a 7% sales tax and 5% on the purchase of vehicles?
Income taxes are among the lowest in the nation. If you are over 65, there are zero state taxes on any retirement income including withdrawals from IRA and 401k. Where there are a few states with zero state sales tax, you can bet that your state income tax cost after age 65 will favorably compare with those zero income tax states.
Senior property tax discounts are big
If you file for your senior property tax benefit, your tax rate could be as low as 1/2 of 1%. Compare the difference in property tax along the Coast to what you are paying where you live.
I could go on and on about the benefits and lower costs but that’s not the only reason to move here. You already know why you should consider moving here. You like it here, that’s why you have visited. If you are a reader who has not yet visited, you are in for a surprise. Let me explain.
Florida and many other areas along the coastline are full of high-rise buildings that block the view. Congestion, traffic, and high cost of living make those places acceptable to visit but not to permanently live there. The Mississippi Gulf Coast is a hidden gem. Our beaches are not crowded. With more than 40 miles of white sand beach, you can spread out.
Low density population, no traffic helicopters
Our area is one of low-rise buildings. Yes, there are a small handful of large condos but they are few and spread out. The last one was built over a decade ago. The area is not densely populated. About 420,000 people live in three counties that are about double the geographical area of Orange County CA which has a population of over 3,000,000.
We have no traffic helicopters. Did I mention we have 12 casinos? Even if you do not gamble, the casinos have great restaurants and entertainment.
Come visit, enjoy yourself. If you would like to see what is available go to Logan & Anderson, Gulf Coastal Realtors, and check out homes available through their website. FYI, you can buy a home pithing walking distance of the beach for as low as $250,000. If you want to live a bit further from the beach, you can buy a new home for less than $200,000.
