Greenville 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.
IndexGreenvilleMississippiNational
Cost of living index8181100
IndexGreenvilleMississippiNational
Goods & Services index9987100
Groceries index9893100
Health care index9192100
Housing index5163100
Transportation index8992100
Utilities index8286100
A general overview of the cost of living index for Greenville, MS is displayed above. In Greenville, MS, the overall cost of living index is 81, which is equal to the Mississippi average and 19% 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 Greenville, MS, the city's goods and services are 13% higher than the Mississippi average and 2% lower than the U.S. average.

Did you know?

  • The cost of living in Greenville is equal to the Mississippi average.
  • The cost of living in Greenville is 19% lower than the national average.
  • The cost of housing in Greenville is 49% 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

This is how much you would need to earn in
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Groceries index
Health care index
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The salary calculator is meant to help you compare your salary in Greenville, MS to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Greenville, MS, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Greenville, MS salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$44,128$3,677$1,030$1,324
Renters$17,537$1,461$409$526
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 Greenville, 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. Greenville, MS has a median income of about $44,128 for people who own homes. Based on that number, a person should spend a maximum of $1,030 on expenses related to housing. Renters have a slightly different median income, which is $17,537. Based on this average, renters should spend no more than $409 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%
One thing to keep in mind when considering the cost of living in Greenville, 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

ItemGreenvilleNational avg.Difference
Haircut $14.33$14.591.8%
Beauty Salon $27.50$34.6820.7%
Toothpaste $2.52$2.471.9%
Shampoo $0.97$1.025.1%
Movie $7.25$9.8726.5%
Bowling $4.59$4.394.5%

Groceries

ItemGreenvilleNational avg.Difference
Ground Beef $3.77$4.4815.8%
Fried Chicken $1.22$1.4616.7%
Milk $2.88$2.3622.2%
Potatoes $3.82$3.0624.8%
Pizza $8.99$9.242.7%
Beer $7.74$8.6310.3%

Health Care

ItemGreenvilleNational avg.Difference
Optometrist $81.25$99.7818.6%
Doctor $83.67$105.0320.3%
Dentist $84.33$88.704.9%
Ibuprofen $9.47$9.410.6%
Lipitor $294.69$298.501.3%

Housing

ItemGreenvilleNational avg.Difference
Home Price $76,200.00$175,700.0056.6%
Avg. Mortgage Payment $1,067.80$1,081.031.2%
Apartment Rent $627.00$920.0031.8%

Transportation

ItemGreenvilleNational avg.Difference
Gasoline $1.98$2.095.1%
Tire Balancing $33.50$45.2926.0%

Utilities

ItemGreenvilleNational avg.Difference
All Electricity$131.56$170.8023.0%
Phone $25.01$28.2611.5%
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.
Hollandale, MS2,64777-23%
Metcalfe, MS1,18378-22%
Arcola, MS33779-21%
Leland, MS4,37380-20%
Lake Village, AR2,72480-20%
Greenville, MS33,51881-19%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Long Beach, NY33,52216969%
Salisbury, NC33,52487-13%
Butte-Silver Bow, MT33,48189-11%
Security-Widefield, CO33,56697-3%
Dakota Ridge, CO33,58311212%
Greenville, MS33,51881-19%
Source: The Greenville, MS cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.