Mississippi Cost of Living Calculator
Compare Mississippi cost of living (index: 83.3). Calculate equivalent salary needed when moving to or from Mississippi.
How This Calculator Works
Calculation methodology and assumptions
This calculator compares purchasing power between locations using cost of living indices. Mississippi's cost of living index is 83.3 (100 = national average). The equivalent salary is calculated as: Current Salary × (Target COL / Current COL). Tax differences are also factored in to show the net financial impact of relocating.
Key State Information
Mississippi cost of living index: 83.3. Mississippi is well below the national average in cost of living, making it one of the more affordable states. Median household income: $48,610. Median 2BR rent: $815/month.
Frequently Asked Questions
What is the cost of living in Mississippi?
Mississippi's cost of living index is 83.3, where 100 is the national average. This means living in Mississippi costs about 17% less than the national average.
Is Mississippi expensive to live in?
No, Mississippi is one of the most affordable states in the US. Housing is particularly affordable compared to coastal states. Median home price: $165,000.
How much do I need to earn in Mississippi to live comfortably?
Based on a cost of living index of 83.3 and the 50-30-20 budgeting rule, a comfortable salary in Mississippi would be approximately $27,156/year for a single person renting a 2BR apartment.
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