salaryRent is higher than in 78% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (82.3%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $89,560 a year. That is $43 an hour at a full-time job.
Is rent cheaper than other Mississippi cities?
No. Rent here is more expensive than in most of Mississippi. It is number 65 of 66 cities from cheapest to most expensive.
How much do households earn in Olive Branch?
Share of households by yearly income. 35.4% of households earn $100,000 or more.
Rent by apartment size in Olive Branch
| Size | Olive Branch | U.S. average |
|---|---|---|
| 1 bedroom | $1,135 | $1,324 |
| 2 bedrooms | $1,899 | $1,509 |
| 3 bedrooms | $1,903 | $1,698 |
| 4 bedrooms | $2,474 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Olive Branch overall?
Everyday prices in Mississippi overall are 13% below the U.S. average (index 87.0, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Olive Branch, so the Mississippi figure is shown.
Taxes and bills in Olive Branch
Life in Olive Branch
Is it cheaper to rent or buy in Olive Branch?
Buying is cheaper month to month: about $227 a month less than renting.
Owning assumes a typical $290,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $29,000 for the down payment.
Frequently asked questions
What is the average rent in Olive Branch, MS?
Renting in Olive Branch costs a median of about $2,239 a month in 2026, including utilities. The Mississippi median is $1,187.
How much do I need to make to live in Olive Branch?
To keep rent under 30% of income, you need about $89,560 a year, or $43 an hour at a full-time job.
Is Olive Branch cheap or expensive?
Olive Branch is rated OK: rent takes 24.8% of the typical household income of $108,504. It ranks 65th cheapest of 66 Mississippi cities we track.
How much are property taxes in Olive Branch?
The median homeowner in Olive Branch pays $1,864 a year in property taxes, about 0.64% of the median home value.
Is Olive Branch more expensive than the national average?
Overall prices in Mississippi are 13% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Olive Branch?
The median home value in Olive Branch is $290,000, about 2.7 times the typical yearly household income.
47,019 people live in Olive Branch. Numbers are typical (middle) values.