Baldwyn 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.
IndexBaldwynMississippiNational
Cost of living index7784100
IndexBaldwynMississippiNational
Goods & Services index9093100
Groceries index8794100
Health care index9690100
Housing index4663100
Transportation index9893100
Utilities index8090100
A general overview of the cost of living index for Baldwyn, MS is displayed above. In Baldwyn, MS, the overall cost of living index is 77, which is 9% lower than the Mississippi average and 23% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Baldwyn, MS, the city's goods and services are 4% lower than the Mississippi average and 10% lower than the U.S. average.

Did you know?

  • The cost of living in Baldwyn is 9% lower than the Mississippi average.
  • The cost of living in Baldwyn is 23% lower than the national average.
  • The cost of housing in Baldwyn is 54% 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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Compare Baldwyn, MS Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
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Groceries index
Health care index
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Transportation index
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Using the salary calculator lets you compare the salary you earn in Baldwyn, 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 Baldwyn, MS, you have to earn a higher income in order to still have the same standard of living. To operate the Baldwyn, 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$39,737$3,311$927$1,192
Renters$13,910$1,159$325$417
If you want to find a good determining factor for the cost of living and the general affordability of housing in Baldwyn, MS, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Baldwyn, MS, the median monthly income is $39,737 for those who own their own homes. Under the standard rule, that income level would allow for $927 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $13,910, per the median income in the area. That would allow for renters to spend up to $325 on monthly rental expenses.

Mississippi Sales Tax

StateGeneral Sales TaxWith Max Surtax
Mississippi7%7.25%

Mississippi Income Tax

StateIncome Tax (Low)Income Tax (High)
Mississippi3%5%
One thing to keep in mind when considering the cost of living in Baldwyn, MS is the Mississippi sales tax and Mississippi income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Mississippi sales tax rate is 7% and the maximum surtax that can be charged is 7.25%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Mississippi income tax rates range from 3% to 5%.

Goods & Services

ItemBaldwynNational 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

ItemBaldwynNational 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

ItemBaldwynNational 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

ItemBaldwynNational avg.Difference
Home Price $80,800.00$175,700.0054.0%
Avg. Mortgage Payment $757.17$1,133.2333.2%
Apartment Rent $438.00$920.0052.4%

Transportation

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

Utilities

ItemBaldwynNational 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.
Marietta, MS36075-25%
Dumas, MS45175-25%
Jumpertown, MS51376-24%
Sherman, MS62979-21%
Booneville, MS8,77579-21%
Baldwyn, MS3,19877-23%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Thiensville, WI3,1981055%
Goffstown, NH3,19712121%
Mattapoisett Center, MA3,19913939%
Hinton, OK3,19981-19%
Laguna Vista, TX3,19789-11%
Baldwyn, MS3,19877-23%
Source: The Baldwyn, MS cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.