Gulf Park Estates 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.
IndexGulf Park EstatesMississippiNational
Cost of living index9681100
IndexGulf Park EstatesMississippiNational
Goods & Services index9687100
Groceries index10393100
Health care index8892100
Housing index9263100
Transportation index9692100
Utilities index10786100
A general summary of the cost of living index in Gulf Park Estates, MS is shown above. Compared to the state average of Mississippi the cost of living index in Gulf Park Estates, MS is 96, which is 18% higher than the average in Mississippi and compared to the national average it is 4% 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 Gulf Park Estates, MS goods and services come in at 10% higher than the average in Mississippi and are 5% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Gulf Park Estates is 18% higher than the Mississippi average.
  • The cost of living in Gulf Park Estates is 4% lower than the national average.
  • The cost of housing in Gulf Park Estates is 8% 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 Gulf Park Estates, MS Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Gulf Park Estates, MS to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Gulf Park Estates, MS, then you would need to earn more income in order to maintain the same standard of living. To use the Gulf Park Estates, MS salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$70,596$5,883$1,647$2,118
Renters$53,068$4,422$1,238$1,592
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 Gulf Park Estates, 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. Gulf Park Estates, MS has a median income of about $70,596 for people who own homes. Based on that number, a person should spend a maximum of $1,647 on expenses related to housing. Renters have a slightly different median income, which is $53,068. Based on this average, renters should spend no more than $1,238 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 Gulf Park Estates, 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

ItemGulf Park EstatesNational avg.Difference
Haircut $13.38$14.598.3%
Beauty Salon $33.88$34.682.3%
Toothpaste $3.04$2.4722.9%
Shampoo $1.04$1.021.8%
Movie $9.75$9.871.2%
Bowling $4.02$4.398.5%

Groceries

ItemGulf Park EstatesNational avg.Difference
Ground Beef $3.83$4.4814.4%
Fried Chicken $1.47$1.460.4%
Milk $2.61$2.3610.7%
Potatoes $3.72$3.0621.5%
Pizza $8.00$9.2413.4%
Beer $8.82$8.632.2%

Health Care

ItemGulf Park EstatesNational avg.Difference
Optometrist $94.50$99.785.3%
Doctor $78.60$105.0325.2%
Dentist $79.40$88.7010.5%
Ibuprofen $9.84$9.414.5%
Lipitor $273.56$298.508.4%

Housing

ItemGulf Park EstatesNational avg.Difference
Home Price $134,100.00$175,700.0023.7%
Avg. Mortgage Payment $832.83$1,081.0323.0%
Apartment Rent $1,195.00$920.0029.9%

Transportation

ItemGulf Park EstatesNational avg.Difference
Gasoline $1.92$2.098.2%
Tire Balancing $47.96$45.295.9%

Utilities

ItemGulf Park EstatesNational avg.Difference
All Electricity$188.02$170.8010.1%
Phone $29.01$28.262.7%
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.
Escatawpa, MS3,84886-14%
Moss Point, MS13,69087-13%
Pascagoula, MS22,23988-12%
St. Martin, MS7,62789-11%
Gautier, MS18,58190-10%
Gulf Park Estates, MS5,57196-4%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Rusk, TX5,57385-15%
Union, KY5,5691033%
Locust Grove, GA5,57393-7%
Luling, TX5,56980-20%
Kennebunk, ME5,57511818%
Gulf Park Estates, MS5,57196-4%
Source: The Gulf Park Estates, MS cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.