A+
14%
Overall NAT. AVG.
4%
Goods & Services NAT. AVG.
36%
Housing NAT. AVG.
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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 Moss Point Mississippi National
Cost of living8683100
Goods & Services9792100
Groceries9797100
Health care10698100
Housing6463100
Transportation9388100
Utilities8986100

An Overview of Cost of Living in Moss Point, MS

Getting a feel for the cost of living in Moss Point 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 Moss Point is 86, which is 14% 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.

Is Moss Point Affordable?

Is Moss Point affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Moss Point, for instance, where the median home price falls 47.8% lower than the national average, and monthly rent rates are 8.9% lower than usual. Additionally, median income levels contribute to the equation, with Moss Point flaunting a median household income of $45,763, 17.3% lower than the national norm.

What Factors can Influence the Cost of Living in Moss Point?

Utilities: Similar to the prices of any other goods or services, utility expenditures can exhibit substantial variability, influenced by factors such as climate, energy sources accessibility, geographical location and state regulations. Costs related to electricity, water, heating, and waste disposal can fluctuate, whether higher or lower, contingent on the city or state. In Moss Point, the utilities index is 10.7% lower than the national average.

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 Moss Point, the groceries index is 3.2% lower than the national average.

Urbanization: Larger, urban areas boasting abundant amenities and robust employment prospects often exhibit a heightened cost of living, driven by the increased demand for services and residential relocation. Consequently, this leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural locales or regions marked by diminished demand typically offer a more limited range of amenities and experience slower job market expansion. This translates into a more affordable cost of living.

Where is the Data From?

The cost of living in Moss Point, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Moss Point is 3% higher than the Mississippi average
  • The cost of living in Moss Point is 14% lower than the national average
  • Moss Point housing is 36% 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 Moss Point

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Compare Moss Point, MS Cost of Living

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      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$52,171$4,348$1,217$1,565
      Renters$25,691$2,141$599$771
      The affordability of the housing market in Moss Point, MS as well as the overall cost of living can be predicted 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 be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Moss Point homeowners, the median income is $52,171. This indicates that a monthly maximum of $1,217 should be spent by homeowners on all housing related costs. Renters have a median income of $25,691. This indicates that renters would have a maximum of $599 for their rent related monthly costs.

      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 Moss Point National avg. Difference
      Haircut $24.75$24.262.0%
      Beauty Salon $45.72$45.560.4%
      Toothpaste $3.59$3.703.0%
      Shampoo $1.17$1.288.4%
      Movie $10.62$12.1312.4%
      Bowling $17.33$18.003.7%

      Groceries

      Item Moss Point National avg. Difference
      Ground Beef $5.76$5.841.4%
      Fried Chicken $1.74$1.5710.7%
      Milk $4.55$4.672.5%
      Potatoes $5.16$4.934.6%
      Pizza $11.24$12.097.0%
      Beer $9.16$10.4112.0%

      Health Care

      Item Moss Point National avg. Difference
      Optometrist $122.28$125.682.7%
      Doctor $128.94$135.785.0%
      Dentist $138.76$113.2922.5%
      Ibuprofen $10.07$10.655.4%
      Lipitor $491.22$468.604.8%

      Housing

      Item Moss Point National avg. Difference
      Home Price $96,400.00$184,700.0047.8%
      Avg. Mortgage Payment $1,663.88$2,346.6929.1%
      Apartment Rent $865.00$949.008.9%

      Transportation

      Item Moss Point National avg. Difference
      Gasoline $3.08$3.4611.0%
      Tire Balancing $60.67$59.921.2%

      Utilities

      Item Moss Point National avg. Difference
      All Electricity $162.85$193.9916.1%
      Phone $187.62$192.252.4%
      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.
      Helena, MS7948416.1%
      Escatawpa, MS2,9588614.2%
      Pascagoula, MS21,7328712.9%
      Grand Bay, AL3,829919.1%
      Gautier, MS18,436918.6%
      Moss Point, MS13,3968614.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Washington, PA13,4048911.2%
      Dardenne Prairie, MO13,38511312.8%
      New Providence, NJ13,38215958.7%
      Lone Tree, CO13,38116464.2%
      Richton Park, IL13,381982.2%
      Moss Point, MS13,3968614.0%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.