📈 Investment & Retirement Calculators Mississippi

Mississippi Retirement Calculator

Plan your retirement in Mississippi. Factor in lower cost of living and state income tax. Free calculator.

Free — No Sign-up Verified Data Editorially Reviewed Updated Feb 2026

Mississippi Quick Facts

5.0% Income Tax Rate

0.81% Property Tax Rate

$48,610 Median Income

83.3 Cost of Living

How This Calculator Works

Calculation methodology and assumptions

Retirement planning for Mississippi. Mississippi taxes retirement income at rates up to 5%. Cost of living index: 83.3 (100 = national avg). Desired income is pre-filled based on 80% of Mississippi's median household income, adjusted for local costs. Uses compound growth with 4% safe withdrawal rate.

Key State Information

Retiring in Mississippi: Mississippi taxes retirement income at rates up to 5%. Cost of living: 83.3/100. Property tax: 0.81%. Median home: $165,000. Average home insurance: $2,510/yr.

Standard financial formulas Pre-filled with real state data Estimates only — not financial advice

Data Source

Census Bureau, Tax Foundation, SSA

View Original Source | Verified 2024-12-01 | Updated annually

Frequently Asked Questions

Is Mississippi a good state to retire in?

Mississippi's state income tax of up to 5% may reduce retirement income significantly. Cost of living is below average (very affordable!). Median home price: $165,000.

How much do I need to retire in Mississippi?

Using the 4% rule, to generate $3,241/month (80% of Mississippi median income) you'd need approximately $972,200 saved. Adjust up or down based on your lifestyle and housing costs.