Median one-bedroom rent across the cities we track is $1,235 in Florida versus $841 in Mississippi. Overall, Mississippi runs roughly 32% cheaper on rent than Florida, its main day-to-day cost driver.
Median household income across tracked cities is $69,142 in Florida and $44,140 in Mississippi — about 36% higher in Florida. Florida has no state income tax and a 6% state sales tax; Mississippi has a top state income tax rate of 4.00% and a 7% state sales tax.
State Taxes
Sales Tax
6%
7%
+1.0 pp in Mississippi
Income Tax (top rate)
None
4.00%
+4.0 pp in Mississippi
Housing (median across tracked cities)
Median 1BR Rent
$1,235
$841
+32% in Florida
Median Home Value
$320,700
$153,600
+52% in Florida
Income (median across tracked cities)
Median Household Income
$69,142
$44,140
+36% in Florida
Climate (median across tracked cities)
Avg Annual Temperature
71.8°F
66.1°F
+5.7°F in Florida
Florida vs Mississippi — FAQ
- Is it cheaper to live in Florida or Mississippi?
- Mississippi is cheaper on rent — its median one-bedroom of $841 runs about 32% below Florida's $1,235, based on the cities we track in each state.
- How much more do you need to earn to live in Florida than in Mississippi?
- To keep rent near the recommended 30% of gross income, based on median rent across tracked cities, you'd want to earn roughly $49,000 a year in Florida versus $34,000 in Mississippi.
- Which has lower taxes, Florida or Mississippi?
- Florida has no state income tax and a 6% state sales tax. Mississippi has a top state income tax rate of 4.00% and a 7% state sales tax.
Housing, income, and climate are medians across the 2/3 cities we track in Florida/Mississippi — not population-weighted statewide figures. Taxes are exact state-level rates. Sources: US Census Bureau, ACS 5-Year; NOAA Climate Normals 1981–2010; Tax Foundation 2026.