How Much Does It Cost For A Family Of 4 To Live In Mississippi?

The average annual cost of living for a family of four in the area is just $57,196, $8,259 less than it is across the state as a whole.

What is the average cost of living in Mississippi?

Mississippi has the lowest cost of living in the United States. With a cost of living index of 83.3, expenses are nearly 17% less than the national average. Mississippi’s housing costs are the lowest in the nation. The price of a median, single-family home is $140,818.

Why is the cost of living so low in Mississippi?

Land availability, low rent prices and access to the Gulf and highways for shipping make Mississippi the least expensive place to live in the U.S., Cole said. According to Cole, rent prices in Mississippi are 37 percent lower than the other 49 states.

Is Mississippi cheap to live?

Mississippi. Mississippi is the cheapest state to live in in the United States. Overall, costs in the state are 17% lower than the national average. Housing costs in Mississippi are the lowest in the nation.

How much does it cost to move to Mississippi?

An amount below 100 means Mississippi is cheaper than the US average. A cost of living index above 100 means Mississippi, Mississippi is more expensive.
Mississippi cost of living is 81.1.

How much money do you need to live comfortably in Mississippi?

This popular general budgeting rule allocates 50% of annual income to necessities like housing, 30% to discretionary expenses like travel, and the remaining 20% to savings. The median necessary living wage across the entire US is $67,690. The state with the lowest annual living wage is Mississippi, with $58,321.

What is a good salary in Mississippi?

$3,583 is the 25th percentile. Salaries below this are outliers. $7,239 is the 90th percentile.
What are Top 10 Highest Paying Cities for Average Jobs in Mississippi.

What is the cheapest place to live in Mississippi?

Clarksdale. Clarksdale is the most affordable city in Mississippi.

Where in Mississippi should you not live?

According to the website Road Snacks, the 10 most dangerous places to live in Mississippi are: McComb (most dangerous on the list), Greenwood, Vicksburg, Jackson, Biloxi, Pascagoula, Laurel, Gulfport, Holly Springs, and Meridian (least dangerous on the list).

How much do you need to make a year to live in Mississippi?

Mississippi has one of the lowest living costs in the country, but it also regularly ranks as one of the worst states to live in. To maintain a living wage, an individual will need to make $14.20 an hour, or $29,542 a year. A family of four requires $19.36 an hour, or $80,523 a year.

Is it worth moving to Mississippi?

Good Things About Living In Mississippi
Low cost of higher education. Plenty of comfort food. Pleasant southern hospitality. Mild winters.

What is the safest place to live in Mississippi?

Still, the state’s safest cities generally have lower crime rates than the rest of The Magnolia State.
Here are the 10 Safest Cities in Mississippi for 2022

• Hernando.
• Clinton.
• Long Beach.
• Ocean Springs.
• Bay St. Louis.
• Oxford.
• Richland.
• Horn Lake.

How much does it cost to live in Mississippi per month?

The typical renter in Mississippi spends $762 a month on housing, $261 less than the $1,023 national median monthly rent. Monthly rent for a one-bedroom in the state is $600, while the typical rent for a unit with five or more bedrooms is $899.

Which state has lowest Cost of Living?

Here are the 10 most affordable states in the U.S.:

• Missouri.
• Tennessee.
• Georgia.
• Arkansas. Average cost of living index: 89.16.
• Alabama. Average cost of living index: 88.80.
• Oklahoma. Average cost of living index: 88.09.
• Kansas. Average cost of living index: 86.67.
• Mississippi. Average cost of living index: 84.10.

How much do utilities cost per month in Mississippi?

Mississippi State cost of living is 101.7

Is it cheaper to live in Florida or Mississippi?

Mississippi is 17.7% cheaper than Florida.

Can you live on 2000 a month?

Living on $2,000 a month is possible, and we were not the only ones to ever do it! Our budget isn’t nearly as tight now, but living with less taught us so much about how to live frugally and make the most of what we had.

Is 60k a year good in Mississippi?

Is $60,000 a good salary in Mississippi? $60k a year is a great salary for most areas of this state.

What is the happiest salary?

“Globally, we find that satiation occurs at $95,000 for life evaluation and $60,000 to $75,000 for emotional well-being,” said the study’s authors in the journal. However, the study also found that the ideal income for life satisfaction in North America is $105,000, as reported by Inc.

What is the most needed job in Mississippi?

Detailed List Of The Fastest Growing Jobs In Mississippi

What jobs pay the most in Mississippi?

Detailed List Of Highest Paying Jobs In Mississippi