Carthage 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.
IndexCarthageMississippiNational
Cost of living index8284100
IndexCarthageMississippiNational
Goods & Services index9193100
Groceries index9494100
Health care index8890100
Housing index6363100
Transportation index8793100
Utilities index8690100
An overview of the general cost of living index for Carthage, MS is displayed above for your reference. Residents in Carthage, MS enjoy a cost of living index of 82. This index is 2% lower than the Mississippi average, and 18% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Carthage, MS, the average cost of goods and services is 2% lower than it is in Mississippi, and it is 9% lower than the national average.

Did you know?

  • The cost of living in Carthage is 2% lower than the Mississippi average.
  • The cost of living in Carthage is 18% lower than the national average.
  • The cost of housing in Carthage is 37% 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 Carthage, MS Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is used in order to provide a comparison of your current salary in Carthage, MS to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Carthage, MS, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Carthage, MS salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$33,636$2,803$785$1,009
Renters$16,546$1,379$386$496
One can approximate the cost of living and the housing affordability in Carthage, MS by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Carthage, MS have a median income of $33,636. Therefore, the amount that a consumer should spend on housing costs should be no more than $785 per month to avoid calamity and poverty. The renters in the city have an income of about $16,546, which would make their monthly maximum allowable rental costs $386.

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 Carthage, 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

ItemCarthageNational avg.Difference
Haircut $13.70$15.5612.0%
Beauty Salon $29.73$36.1117.7%
Toothpaste $3.08$2.4724.4%
Shampoo $0.86$0.9610.9%
Movie $9.47$10.136.5%
Bowling $4.88$4.743.1%

Groceries

ItemCarthageNational avg.Difference
Ground Beef $5.47$3.9837.4%
Fried Chicken $1.02$1.4127.3%
Milk $2.28$2.0610.5%
Potatoes $2.58$2.9813.5%
Pizza $8.69$9.478.3%
Beer $9.04$8.792.8%

Health Care

ItemCarthageNational avg.Difference
Optometrist $76.51$101.0424.3%
Doctor $93.67$107.4412.8%
Dentist $81.17$90.4210.2%
Ibuprofen $7.67$9.2817.3%
Lipitor $390.83$426.508.4%

Housing

ItemCarthageNational avg.Difference
Home Price $104,600.00$175,700.0040.5%
Avg. Mortgage Payment $883.13$1,133.2322.1%
Apartment Rent $655.00$920.0028.8%

Transportation

ItemCarthageNational avg.Difference
Gasoline $1.78$1.9910.6%
Tire Balancing $37.63$45.7617.8%

Utilities

ItemCarthageNational avg.Difference
All Electricity$123.15$163.8124.8%
Phone $28.82$28.391.5%
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.
Standing Pine, MS28771-29%
Walnut Grove, MS64575-25%
Lena, MS17877-23%
Redwater, MS64379-21%
Sebastopol, MS25279-21%
Carthage, MS4,99582-18%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Riverside CDP, NY4,9951055%
Franklin, NJ4,99411313%
Sulphur, OK4,99678-22%
South Pasadena, FL4,99399-1%
Waynesboro, MS4,99876-24%
Carthage, MS4,99582-18%
Source: The Carthage, MS cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.