Statistics About The Average Cost Of Living In Mississippi

In this post, we will explore the average cost of living in Mississippi by examining a range of key statistics. From property taxes and childcare expenses to housing and utility costs, we will provide a comprehensive overview of the economic landscape in Mississippi. With data showcasing how Mississippi’s cost of living compares to the national average and highlighting specific expenditures such as healthcare, groceries, and transportation, readers will gain valuable insights into the affordability of residing in the Magnolia State.

Statistic 1

"Mississippi's cost of living index is 84.8, where 100 is the national average."

Statistic 2

"Mississippi has an average property tax rate of 0.79%."

Statistic 3

"The cost of childcare in Mississippi is about $650 per month."

Statistic 4

"The unemployment rate in Mississippi is approximately 6.3%."

Statistic 5

"The average gas price in Mississippi is generally 10% lower than the national average."

Statistic 6

"Mississippi ranks as the state with the lowest cost of living in the U.S."

Statistic 7

"The average cost of a gallon of milk in Mississippi is $3.09."

Statistic 8

"The average cost of healthcare in Mississippi is about 7% lower than the national average."

Statistic 9

"The average cost of dining out in Mississippi is about 15% cheaper than the national average."

Statistic 10

"The median home price in Mississippi is approximately $140,000."

Statistic 11

"Mississippi has an average sales tax rate of 7%."

Statistic 12

"The average utility cost in Mississippi is approximately $130 per month."

Statistic 13

"Average monthly rent for a one-bedroom apartment in Mississippi is around $700."

Statistic 14

"Average transportation costs in Mississippi are about 14% lower than the national average."

Statistic 15

"The typical grocery bill in Mississippi is about 10% less than the national average."

Statistic 16

"The average cost of living in Mississippi is about 15% lower than the national average."

Statistic 17

"Average internet costs in Mississippi are around $60 per month."

Statistic 18

"The cost of education in Mississippi averages $12,000 per year for state residents at public universities."

Statistic 19

"The median household income in Mississippi is around $45,000."

Statistic 20

"The average cost of living in Jackson, the capital of Mississippi, is 20% lower than the national average."

Overall, the statistics paint a clear picture of Mississippi as having a significantly lower cost of living compared to the national average, making it an attractive option for those seeking affordability. With various expenses such as property tax, childcare, groceries, dining out, healthcare, housing, transportation, and utilities being notably lower in Mississippi, residents can enjoy savings in their day-to-day expenditures. Despite a slightly higher-than-average unemployment rate, the state’s overall affordability, coupled with its lower-than-average gas prices and sales tax rate, offer a favorable economic environment for individuals and families alike.