Pearl 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.
IndexPearlMississippiNational
Cost of living index8484100
IndexPearlMississippiNational
Goods & Services index9193100
Groceries index9494100
Health care index8890100
Housing index7063100
Transportation index8793100
Utilities index8690100
An overview of the general cost of living index for Pearl, MS is displayed above for your reference. Residents in Pearl, MS enjoy a cost of living index of 84. This index is equal to the Mississippi average, and 16% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Pearl, MS, the average cost of goods and services is 2% lower than it is in Mississippi, and it is 9% lower than the national average.

Did you know?

  • The cost of living in Pearl is equal to the Mississippi average.
  • The cost of living in Pearl is 16% lower than the national average.
  • The cost of housing in Pearl is 30% 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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Goods & Services index
Groceries index
Health care index
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Use the salary calculator to compare your current salary in Pearl, 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 Pearl, MS, then you would need to earn more income in order to maintain the same standard of living. To use the Pearl, 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$51,637$4,303$1,205$1,549
Renters$31,509$2,626$735$945
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 Pearl, 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. Pearl, MS has a median income of about $51,637 for people who own homes. Based on that number, a person should spend a maximum of $1,205 on expenses related to housing. Renters have a slightly different median income, which is $31,509. Based on this average, renters should spend no more than $735 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 Pearl, 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

ItemPearlNational avg.Difference
Haircut $13.70$15.5612.0%
Beauty Salon $29.73$36.1117.7%
Toothpaste $3.08$2.4724.4%
Shampoo $0.86$0.9610.9%
Movie $9.47$10.136.5%
Bowling $4.88$4.743.1%

Groceries

ItemPearlNational avg.Difference
Ground Beef $5.47$3.9837.4%
Fried Chicken $1.02$1.4127.3%
Milk $2.28$2.0610.5%
Potatoes $2.58$2.9813.5%
Pizza $8.69$9.478.3%
Beer $9.04$8.792.8%

Health Care

ItemPearlNational avg.Difference
Optometrist $76.51$101.0424.3%
Doctor $93.67$107.4412.8%
Dentist $81.17$90.4210.2%
Ibuprofen $7.67$9.2817.3%
Lipitor $390.83$426.508.4%

Housing

ItemPearlNational avg.Difference
Home Price $110,600.00$175,700.0037.1%
Avg. Mortgage Payment $883.13$1,133.2322.1%
Apartment Rent $806.00$920.0012.4%

Transportation

ItemPearlNational avg.Difference
Gasoline $1.78$1.9910.6%
Tire Balancing $37.63$45.7617.8%

Utilities

ItemPearlNational avg.Difference
All Electricity$123.15$163.8124.8%
Phone $28.82$28.391.5%
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.
Robinhood, MS1,40576-24%
Jackson, MS173,63181-19%
Cleary, MS1,07083-17%
Terry, MS1,40084-16%
Richland, MS7,01284-16%
Pearl, MS26,10584-16%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Mount Pleasant, MI26,09589-11%
Fitchburg, WI26,05011313%
Princeton, FL26,1641011%
Gladstone, MO26,03291-9%
Ladera Ranch, CA26,01017676%
Pearl, MS26,10584-16%
Source: The Pearl, MS cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.