LivingCostFacts / state

Mississippi cost of living

Mississippi has an all-items price parity of 87.0 on the U.S. = 100 scale. Compare the statewide picture with county rents and metro price levels.

BEA 2024 · HUD FY2027 · ACS 2020–2024 · CPI through 2026-10

87.0
All-items price level

BEA 2024; U.S. = 100

$56,447
Median household income

ACS 2020–2024

$169,800
Median home value

Owner-occupied homes, ACS 2020–2024

$1,087
Typical 2BR benchmark

Population-weighted county FMR, FY2027

Read the local picture

Regional Price Parities (RPPs) compare prices across places in the same year. An index of 110 means prices are 10% above the U.S. level; 90 means 10% below. RPP measures relative price levels, while CPI measures price change over time.

Mississippi: RPP components

BEA 2024 regional context; each category is compared with its own U.S. = 100 benchmark. These are not county price estimates or spending shares.

  1. All items87.0
  2. Goods96.2
  3. Housing rents56.5
  4. Utilities78.4
  5. Other services96.1
0100.0

Black marker: U.S. benchmark = 100 in each row.

Put the benchmark in context

Fair Market Rent (FMR) is HUD’s estimate of the 40th percentile gross rent for standard-quality rental homes occupied by recent movers. It includes rent and most tenant-paid utilities. A household’s actual rent can differ substantially by neighborhood, lease and property.

Monthly rent by bedroom

HUD FY2027 gross monthly FMR; includes most tenant-paid utilities. Dollars per month.

  1. Studio$883
  2. 1 bedroom$928
  3. 2 bedrooms$1,087
  4. 3 bedrooms$1,371
  5. 4 bedrooms$1,518
0$1,518

Income after benchmark rent is $43,400 a year: ACS median household income minus 12 months of the population-weighted 2BR FMR. This is a comparison between separate datasets and periods, before taxes and all other expenses; it is not disposable income.

The data in view

Price levels relative to the U.S.

BEA RPP, U.S. = 100 each year. This is not an inflation index.

View chart data
Period or categoryValue
200888.1
200985.6
201088.3
201188.9
201288.6
201388.9
201489.0
201588.3
201688.5
201787.7
201886.2
201986.5
202085.6
202186.2
202287.3
202386.8
202487.0

Price levels by category

Each category has its own U.S. benchmark of 100. Components are indexes, not spending shares.

Category2024 RPP
All items87.0
Goods96.2
Housing rents56.5
Utilities78.4
Other services96.1

Monthly Fair Market Rent by bedroom

HUD 40th percentile gross rent for standard-quality units; includes tenant-paid utilities except telephone, cable and internet. These are benchmarks, not asking-rent medians.

Home sizeFY2027 monthly gross rent
Studio$883
1 bedroom$928
2 bedrooms$1,087
3 bedrooms$1,371
4 bedrooms$1,518

County cost comparison

Income: ACS 2020–2024. Rent: HUD FY2027. Rent / income = 12 × 2BR FMR ÷ median household income; it does not measure actual renter burden.

County or equivalent2BR rent / monthMedian household incomeRent / income
Adams County$905$43,64424.9%
Alcorn County$905$51,26021.2%
Amite County$905$37,22229.2%
Attala County$905$51,63921.0%
Benton County$905$46,01623.6%
Bolivar County$905$39,58527.4%
Calhoun County$905$43,12525.2%
Carroll County$905$59,32718.3%
Chickasaw County$905$43,58624.9%
Choctaw County$905$50,91921.3%
Claiborne County$905$31,89734.0%
Clarke County$905$46,10823.6%
Clay County$905$43,12525.2%
Coahoma County$905$37,46129.0%
Copiah County$1,289$49,08931.5%
Covington County$905$45,05124.1%
DeSoto County$1,301$85,29718.3%
Forrest County$1,316$53,64029.4%
Franklin County$905$52,93920.5%
George County$994$59,75820.0%
Greene County$905$54,27620.0%
Grenada County$967$48,80423.8%
Hancock County$1,185$67,70821.0%
Harrison County$1,185$59,47923.9%
Hinds County$1,289$49,40231.3%
Holmes County$905$32,53833.4%
Humphreys County$905$33,73132.2%
Issaquena County$905$31,42934.6%
Itawamba County$920$55,54619.9%
Jackson County$1,099$66,20119.9%
Jasper County$905$48,66022.3%
Jefferson County$905$38,30528.4%
Jefferson Davis County$905$38,54828.2%
Jones County$986$52,21622.7%
Kemper County$905$46,43123.4%
Lafayette County$1,255$67,18522.4%
Lamar County$1,316$70,90922.3%
Lauderdale County$1,006$50,81723.8%
Lawrence County$905$43,53124.9%
Leake County$1,003$50,72823.7%
Lee County$1,044$67,86318.5%
Leflore County$905$35,27730.8%
Lincoln County$905$51,11921.2%
Lowndes County$931$53,81220.8%
Madison County$1,289$83,44118.5%
Marion County$949$45,11025.2%
Marshall County$1,106$53,45824.8%
Monroe County$905$51,86620.9%
Montgomery County$905$41,74826.0%
Neshoba County$905$57,01319.0%
Newton County$905$50,54021.5%
Noxubee County$905$33,83332.1%
Oktibbeha County$1,024$46,69526.3%
Panola County$947$45,94524.7%
Pearl River County$967$58,13520.0%
Perry County$1,316$49,63431.8%
Pike County$1,039$43,81428.5%
Pontotoc County$923$51,48421.5%
Prentiss County$905$49,72421.8%
Quitman County$905$32,41233.5%
Rankin County$1,289$79,35719.5%
Scott County$1,026$48,78625.2%
Sharkey County$905$40,00027.1%
Simpson County$905$56,38119.3%
Smith County$905$60,91617.8%
Stone County$1,047$61,41320.5%
Sunflower County$905$39,95627.2%
Tallahatchie County$905$37,46629.0%
Tate County$1,101$69,70419.0%
Tippah County$905$52,54220.7%
Tishomingo County$905$53,04020.5%
Tunica County$1,156$39,36435.2%
Union County$905$55,50519.6%
Walthall County$926$48,90522.7%
Warren County$1,019$59,40120.6%
Washington County$905$42,16525.8%
Wayne County$905$37,61928.9%
Webster County$905$58,78918.5%
Wilkinson County$905$35,31130.8%
Winston County$905$53,03120.5%
Yalobusha County$905$49,15122.1%
Yazoo County$1,016$39,29531.0%

Metros with member counties in Mississippi

BEA 2024, U.S. = 100. Rent is a population-weighted mean of member-county benchmarks where available.

Metro areaAll-items RPPHousing RPP2BR rent / month
Gulfport-Biloxi, MS90.067.9$1,149
Hattiesburg, MS87.660.1$1,316
Jackson, MS89.064.8$1,240
Memphis, TN-MS-AR92.279.8$1,289