Aberdeen cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexAberdeenMississippiNational
Cost of living index7684100
IndexAberdeenMississippiNational
Goods & Services index9093100
Groceries index8794100
Health care index9690100
Housing index4363100
Transportation index9893100
Utilities index8090100
A general summary of the cost of living index in Aberdeen, MS is shown above. Compared to the state average of Mississippi the cost of living index in Aberdeen, MS is 76, which is 10% lower than the average in Mississippi and compared to the national average it is 24% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Aberdeen, MS goods and services come in at 4% lower than the average in Mississippi and are 10% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Aberdeen is 10% lower than the Mississippi average.
  • The cost of living in Aberdeen is 24% lower than the national average.
  • The cost of housing in Aberdeen is 57% lower than the national average.
  • Mississippi general sales tax is 37% higher than the national average.
  • Mississippi state income tax is 35% higher than the national average.

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Salary Calculator

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Using the salary calculator lets you compare the salary you earn in Aberdeen, MS to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Aberdeen, MS, you have to earn a higher income in order to still have the same standard of living. To operate the Aberdeen, MS salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$35,639$2,970$832$1,069
Renters$12,235$1,020$285$367
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Aberdeen, MS, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Aberdeen, MS has a median income of about $35,639 for people who own homes. Based on that number, a person should spend a maximum of $832 on expenses related to housing. Renters have a slightly different median income, which is $12,235. Based on this average, renters should spend no more than $285 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Mississippi Sales Tax

StateGeneral Sales TaxWith Max Surtax
Mississippi7%7.25%

Mississippi Income Tax

StateIncome Tax (Low)Income Tax (High)
Mississippi3%5%
When you are determining the total cost of living in Aberdeen, MS you will want to make sure you consider both the Mississippi sales tax and the Mississippi income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Mississippi is 7%, with the highest surtax being 7.25%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Mississippi have a range from 3% to 5%.

Goods & Services

ItemAberdeenNational avg.Difference
Haircut $14.11$15.569.3%
Beauty Salon $20.55$36.1143.1%
Toothpaste $1.59$2.4735.8%
Shampoo $0.76$0.9621.2%
Movie $9.33$10.137.8%
Bowling $3.75$4.7420.8%

Groceries

ItemAberdeenNational avg.Difference
Ground Beef $3.43$3.9813.9%
Fried Chicken $0.96$1.4132.0%
Milk $1.98$2.064.1%
Potatoes $2.97$2.980.5%
Pizza $9.00$9.475.0%
Beer $7.48$8.7914.9%

Health Care

ItemAberdeenNational avg.Difference
Optometrist $125.00$101.0423.7%
Doctor $84.78$107.4421.1%
Dentist $90.45$90.420.0%
Ibuprofen $8.07$9.2813.1%
Lipitor $436.15$426.502.3%

Housing

ItemAberdeenNational avg.Difference
Home Price $67,000.00$175,700.0061.9%
Avg. Mortgage Payment $757.17$1,133.2333.2%
Apartment Rent $514.00$920.0044.1%

Transportation

ItemAberdeenNational avg.Difference
Gasoline $1.89$1.995.0%
Tire Balancing $47.89$45.764.7%

Utilities

ItemAberdeenNational avg.Difference
All Electricity$122.15$163.8125.4%
Phone $25.01$28.3911.9%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Okolona, MS2,66973-27%
Amory, MS7,19777-23%
New Hamilton, MS47278-22%
Hatley, MS40980-20%
Hamilton, MS54081-19%
Aberdeen, MS5,49276-24%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Brush, CO5,49395-5%
Clarinda, IA5,49081-19%
Weldon Spring, MO5,49612323%
White City, UT5,4881011%
Pupukea, HI5,498235135%
Aberdeen, MS5,49276-24%
Source: The Aberdeen, MS cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.