Okolona, MS
Population 2,623 · Mississippi
About Okolona, MS
Okolona is a small town located in Mississippi with a population of 2,623 residents according to the latest US Census Bureau American Community Survey data. The median household income is $34,400 per year, which is 54% below the national median of $75,149. The median age of 35 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Okolona features a median home value of $81,100, which is 67% below the national median of $244,900. This makes Okolona one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $643, 45% below the national average of $1,163/month. Of the 1,373 total housing units, 44% are owner-occupied (525 units) and 56% are renter-occupied (673 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Okolona shows an unemployment rate of 4.7%, which is near the national rate of 3.7%. The poverty rate stands at 36.2%, above the national average of 12.4%. Workers in Okolona have an average one-way commute time of 23.7 minutes.
Education & Demographics
8.1% of Okolona residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Okolona, MS
Compared to national averages, Okolona has a median household income of $34,400 (54% below the national median of $75,149). Home values average $81,100, which is 67% below the national median. Monthly rent at $643 is 45% below the US average of $1,163. Within Mississippi, Okolona's income is 31% below the state average of $49,929, and home values are 35% below the state median of $125,705.
Why Live in Okolona, MS?
Okolona offers affordable housing with a median home value of $81,100, below the US average of $244,900, and rent that’s lower than the national average at $643/month, and short commute times averaging just 23.7 minutes.
Potential considerations include median household income ($34,400) that falls below the national average. However, Okolona’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Okolona has a population of 2,623 with a median age of 35 years. Compare Okolona with other cities to see how it stacks up, or explore all cities in Mississippi.
Similar Cities Near Okolona
Cities in Mississippi with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Hide-A-Way Lake | 2,615 | $70,333 | $195,500 | Compare |
| Summit | 2,684 | $33,983 | $101,700 | Compare |
| Belmont | 2,538 | $43,152 | $160,900 | Compare |
| Sardis | 2,525 | $32,134 | $72,100 | Compare |
| Nicholson | 2,523 | $46,468 | $98,500 | Compare |
| Verona | 2,782 | $44,018 | $113,900 | Compare |
| Gluckstadt | 2,791 | $118,577 | $277,000 | Compare |
| Kiln | 2,454 | $70,708 | $150,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Mississippi
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Okolona With Other Cities
Frequently Asked Questions about Okolona
What is the population of Okolona, MS?
The population of Okolona, MS is 2,623 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Mississippi.
What is the median household income in Okolona?
The median household income in Okolona, MS is $34,400 per year, which is 54% below the national median of $75,149.
What is the median home value in Okolona?
The median home value in Okolona, MS is $81,100, which is 67% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Okolona?
The median monthly rent in Okolona, MS is $643, which is 45% below the national average of $1,163/month.
What is the unemployment rate in Okolona?
The unemployment rate in Okolona, MS is 4.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Okolona, MS a good place to live?
Okolona offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 2,623 and a median age of 35, the city appeals to a broad range of residents.
How educated is Okolona, MS?
8.1% of residents in Okolona aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Okolona?
Key cost-of-living indicators for Okolona, MS: median home value is $81,100 (67% below national), median rent is $643/month, and median household income is $34,400. The home-value-to-income ratio is 2.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Okolona?
The poverty rate in Okolona, MS is 36.2%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Okolona, MS?
Okolona's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 82.1% two or more races. 0.0% of residents are foreign-born.