Latimer 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 index9481100
Goods & Services index9687100
Groceries index10393100
Health care index8892100
Housing index8463100
Transportation index9692100
Utilities index10786100
The above illustration supplies generalized information for the Latimer, MS cost of living index. Compared to other cities in Mississippi and cities across the country, the cost of living index in Latimer, MS is 94, which is 15% higher than the Mississippi average and 6% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Latimer, MS are 10% higher than the average for Mississippi and 5% lower than the rest of the country.

Did you know?

  • The cost of living in Latimer is 15% higher than the Mississippi average.
  • The cost of living in Latimer is 6% lower than the national average.
  • The cost of housing in Latimer is 16% 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

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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 allows you to compare how much your current salary in Latimer, MS would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Latimer, MS, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Latimer, MS salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
The affordability of the housing market in Latimer, MS as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Latimer, MS homeowners, the median income is $58,373. This indicates that a monthly maximum of $1,362 should be spent by homeowners on all housing related costs. Renters have a median income of $41,139. This indicates that renters should have a maximum of $960 used for their rent related monthly costs.

Mississippi Sales Tax

StateGeneral Sales TaxWith Max Surtax

Mississippi Income Tax

StateIncome Tax (Low)Income Tax (High)
One thing to keep in mind when considering the cost of living in Latimer, 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

ItemLatimerNational 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%


ItemLatimerNational 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

ItemLatimerNational 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%


ItemLatimerNational avg.Difference
Home Price $144,000.00$175,700.0018.0%
Avg. Mortgage Payment $832.83$1,081.0323.0%
Apartment Rent $814.00$920.0011.5%


ItemLatimerNational avg.Difference
Gasoline $1.92$2.098.2%
Tire Balancing $47.96$45.295.9%


ItemLatimerNational 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.
St. Martin, MS7,62789-11%
Gulfport, MS69,91390-10%
D'Iberville, MS10,16192-8%
Vancleave, MS6,14793-7%
Biloxi, MS44,52793-7%
Latimer, MS7,06694-6%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Westmere, NY7,06611414%
Walled Lake, MI7,06589-11%
Huntingdon, PA7,06991-9%
Tappan, NY7,07116262%
Linwood, NJ7,07112525%
Latimer, MS7,06694-6%
Source: The Latimer, MS cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.