Hernando 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.
Cost of living index9381100
Goods & Services index9387100
Groceries index9193100
Health care index8592100
Housing index9763100
Transportation index8992100
Utilities index9786100
A general summary of the cost of living index in Hernando, MS is shown above. Compared to the state average of Mississippi the cost of living index in Hernando, MS is 93, which is 15% higher than the average in Mississippi and compared to the national average it is 7% 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 Hernando, MS goods and services come in at 6% higher than the average in Mississippi and are 8% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Hernando is 15% higher than the Mississippi average.
  • The cost of living in Hernando is 7% lower than the national average.
  • The cost of housing in Hernando is 3% 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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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in Hernando, 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 Hernando, MS, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Hernando, 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)
If you want to find a good determining factor for the cost of living and the general affordability of housing in Hernando, 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 Hernando, MS, the median monthly income is $70,540 for those who own their own homes. Under the standard rule, that income level would allow for $1,646 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $37,545, per the median income in the area. That would allow for renters to spend up to $876 on monthly rental expenses.

Mississippi Sales Tax

StateGeneral Sales TaxWith Max Surtax

Mississippi Income Tax

StateIncome Tax (Low)Income Tax (High)
When considering the overall cost of living expenses in Hernando, MS, it's important to take into account the sales tax for Mississippi, as well as the rate for income tax in Mississippi. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Mississippi is 7.25%, and the sales tax in the state of Mississippi is 7%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Mississippi starts from 3% and goes up to 5%.

Goods & Services

ItemHernandoNational avg.Difference
Haircut $15.25$14.594.5%
Beauty Salon $30.80$34.6811.2%
Toothpaste $2.59$2.474.7%
Shampoo $0.82$1.0219.8%
Movie $10.30$9.874.4%
Bowling $3.41$4.3922.4%


ItemHernandoNational avg.Difference
Ground Beef $4.79$4.487.0%
Fried Chicken $1.21$1.4617.4%
Milk $2.33$2.361.1%
Potatoes $3.15$3.062.9%
Pizza $8.39$9.249.2%
Beer $8.31$8.633.7%

Health Care

ItemHernandoNational avg.Difference
Optometrist $70.00$99.7829.8%
Doctor $83.80$105.0320.2%
Dentist $85.00$88.704.2%
Ibuprofen $8.48$9.419.9%
Lipitor $233.97$298.5021.6%


ItemHernandoNational avg.Difference
Home Price $170,500.00$175,700.003.0%
Avg. Mortgage Payment $730.10$1,081.0332.5%
Apartment Rent $885.00$920.003.8%


ItemHernandoNational avg.Difference
Gasoline $1.87$2.0910.6%
Tire Balancing $40.40$45.2910.8%


ItemHernandoNational avg.Difference
All Electricity$151.24$170.8011.5%
Phone $30.75$28.268.8%
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, StatePopulationCost of Living IndexNational Avg.
Coldwater, MS1,16782-18%
Horn Lake, MS26,48685-15%
Walls, MS1,09986-14%
Lynchburg, MS2,11388-12%
Southaven, MS50,38990-10%
Hernando, MS14,72393-7%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Forest City, FL14,724100-0%
Greensburg, PA14,72693-7%
Phillipsburg, NJ14,7171033%
Jennings, MO14,73085-15%
Perry, GA14,71489-11%
Hernando, MS14,72393-7%
Source: The Hernando, MS cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.