According to statistics, the population in Algoma, MS amounts to 815, which shows growth 4% compared to the previous year. The median age of the city’s residents is 30. The average household income is $40,484, shifting decline 0% from the past year, and the average property value in Algoma, MS decline -12% to $88,200 throughout the year.
The average household income in Algoma, MS grew from $40,375 to $40,484 in the past year. This data is an estimate based upon 256 households in Algoma, MS . The chart below presents how household income is distributed in Algoma, MS in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Algoma, MS shifted from $100,400 to $88,200 throughout the year. The subsequent graph indicates the share of properties in the given price range in Algoma, MS in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Algoma, MS properties falls in the '$100,000 to $124,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Algoma, MS compared to median property taxes around the country. The prevalent amount of property taxes in Algoma, MS equals $800, which is less than the national average.