Cost of Living in Mississippi
Based on 3 cities we track in Mississippi.
Cost of living in Mississippi is shaped mostly by rent across the 3 cities we track there. A one-bedroom apartment runs around $841 a month — 22% lower than the $1,076 median across the 51 states we track.
Median household income across those cities is $44,140, 33% lower than the $66,029 median across the states we track. Mississippi has a top state income tax rate of 4.00% and a 7% state sales tax.
State Medians
Median 1BR Rent
$841
Median Home Value
$153,600
Median Income
$44,140
Avg Temperature
66.1°F
Medians across the Mississippi cities we track — not a statewide population-weighted figure.
State Taxes
State Sales Tax
7%
State Income Tax (top rate)
Up to 4.00%
Cities in Mississippi
Compare Mississippi with
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Mississippi cost of living — FAQ
- Is Mississippi expensive to live in?
- Mississippi is among the more affordable of the 51 states we track. Its median one-bedroom rent of $841 ranks #42 of 51 and is 22% lower than the $1,076 median.
- What is the average rent in Mississippi?
- Across the 3 cities we track in Mississippi, average rent runs a studio around $958, a one-bedroom around $841, a two-bedroom around $990, a three-bedroom around $1,171 per month (US Census ACS).
- What is the median home price in Mississippi?
- The median home value across the cities we track in Mississippi is $153,600 — 43% lower than the $270,100 median across the states we track.
- Does Mississippi have a state income tax?
- Yes — Mississippi's top state income tax rate is 4.00% (most filers pay less than the top rate). Its state sales tax rate is 7%; local jurisdictions may add more.
- How much do you need to earn to live in Mississippi?
- To keep a one-bedroom rent of $841 near the recommended 30% of gross income, you'd want to earn roughly $34,000 a year. Median household income across the cities we track in Mississippi is $44,140.
Sources: US Census Bureau, ACS 5-Year; NOAA Climate Normals 1981–2010; Tax Foundation 2026 (state taxes).