A+
9%
Overall NAT. AVG.
3%
Goods & Services NAT. AVG.
22%
Housing NAT. AVG.
Search Homes for Sale
Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Gulfport Mississippi National
Cost of living9183100
Goods & Services10392100
Groceries9697100
Health care11498100
Housing7863100
Transportation9288100
Utilities7886100

An Overview of Cost of Living in Gulfport, MS

Getting a feel for the cost of living in Gulfport is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Gulfport is 91, which is 9% lower than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.

In Gulfport, daily expenses such as food, housing, goods and services, transportation and health care are in line with comparable areas and about average when compared to all cities across the nation. This ensures that the cost of living in Gulfport will resemble that of an average city, contributing to a manageable cost of living.

Is Gulfport Affordable?

Is Gulfport affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Gulfport, the median home price is 28.2% lower than the national average and monthly rent prices are 6.5% lower than the typical rates. Additionally, the median income levels play a role in affordability, with Gulfport boasting a median household income of $40,554, 26.7% lower than the national average.

What Factors can Influence the Cost of Living in Gulfport?

Healthcare: Healthcare costs and insurance premiums can undergo substantial fluctuations based on the city or state of residence. Elements such as the availability of healthcare facilities, out-of-pocket costs for medical consultations, dental expenses, prescription medication charges and specialized medical care fees all contribute to variations in the cost of living. In Gulfport, healthcare costs are 13.6% higher than the national average.

Subsidies: Certain cities or states may institute government subsidies or assistance programs designed to alleviate the financial burdens associated with the cost of living for their residents. These programs encompass a variety of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farm subsidies. Areas that provide fewer subsidies may see an uptick in their overall cost of living.

Groceries: Over the past 2-3 years, grocery expenses have experienced substantial upward trends. In certain markets, food prices have surged by over 20% during this period, while others have witnessed more modest increases. These fluctuations in food costs can wield significant influence over the overall cost of living in a given region. In Gulfport, the groceries index is 4.4% lower than the national average.

Where is the Data From?

The Gulfport cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. Published on a quarterly basis, it compiles data from more than 300 independent researchers, encompassing over 60 goods and services. These items have been meticulously selected to represent various consumer expenditure categories, in 6 categories. Weightings assigned to cost differentials draw from government survey data tracking spending patterns among professional and executive households. While the C2ER index excludes data on sales or income tax rates, AreaVibes incorporates tax rates into the overall cost of living score for each region.

New Real Estate Listings in Gulfport Area
Search Homes for Sale in Gulfport, MS

Cost Of Living Quick Facts

  • The cost of living in Gulfport is 10% higher than the Mississippi average
  • The cost of living in Gulfport is 9% lower than the national average
  • Gulfport housing is 22% lower than the national average
  • Mississippi general sales tax is 37% higher than the national average
  • Mississippi state income tax is 100% lower than the national average

Most Affordable Places to Live in and Around Gulfport

See all the best places to live around Gulfport

Compare Gulfport, MS Cost of Living

      vs
      How would you rate the cost of living in Gulfport?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Gulfport?
      Write a review to give others more information about this area.
      See all Gulfport poll results

      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$56,560$4,713$1,320$1,697
      Renters$28,158$2,347$657$845
      A good way to judge both the affordability of the housing and the cost of living in Gulfport is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Gulfport has a median income of about $56,560 for people who own homes. Based on that number, a maximum of $1,320 should be spent on expenses related to housing. Renters have a slightly different median income, which is $28,158. Based on this average, renters should spend no more than $657 on all rental costs if they want to maintain a non-impoverished standard of living.

      Mississippi Sales Tax

      State General Sales Tax With Max Surtax
      Mississippi 7% 7.25%

      Mississippi Income Tax

      State Income Tax (Low) Income Tax (High)
      Mississippi 0% 5%

      Goods & Services

      Item Gulfport National avg. Difference
      Haircut $21.67$24.2610.7%
      Beauty Salon $43.17$45.565.3%
      Toothpaste $3.57$3.703.6%
      Shampoo $1.22$1.284.5%
      Movie $13.30$12.139.6%
      Bowling $12.33$18.0031.5%

      Groceries

      Item Gulfport National avg. Difference
      Ground Beef $6.15$5.845.3%
      Fried Chicken $1.39$1.5711.6%
      Milk $4.55$4.672.5%
      Potatoes $5.31$4.937.5%
      Pizza $12.61$12.094.3%
      Beer $10.23$10.411.7%

      Health Care

      Item Gulfport National avg. Difference
      Optometrist $128.17$125.682.0%
      Doctor $127.78$135.785.9%
      Dentist $129.44$113.2914.3%
      Ibuprofen $10.46$10.651.8%
      Lipitor $482.03$468.602.9%

      Housing

      Item Gulfport National avg. Difference
      Home Price $132,700.00$184,700.0028.2%
      Avg. Mortgage Payment $1,882.94$2,346.6919.8%
      Apartment Rent $887.00$949.006.5%

      Transportation

      Item Gulfport National avg. Difference
      Gasoline $3.14$3.469.2%
      Tire Balancing $68.00$59.9213.5%

      Utilities

      Item Gulfport National avg. Difference
      All Electricity $149.86$193.9922.8%
      Phone $186.90$192.252.8%
      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 Population Cost of Living Index National Avg.
      St. Martin, MS8,2118910.7%
      Latimer, MS6,148918.7%
      Biloxi, MS46,042946.0%
      D'Iberville, MS13,766955.4%
      Long Beach, MS15,829964.4%
      Gulfport, MS71,660918.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Redlands, CA71,68014039.6%
      Bowling Green, KY71,628946.0%
      Pittsburg, CA71,72315049.7%
      Maple Grove, MN71,56911716.7%
      Pawtucket, RI71,8211099.2%
      Gulfport, MS71,660918.7%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.