Philadelphia 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.
IndexPhiladelphiaMississippiNational
Cost of living index8084100
IndexPhiladelphiaMississippiNational
Goods & Services index9193100
Groceries index9494100
Health care index8890100
Housing index5663100
Transportation index8793100
Utilities index8690100
Here we can see a simple outline of the cost of living in Philadelphia, MS. As you can see, with the average cost of living in Philadelphia, MS being 80, that puts it 5% lower than the average of Mississippi and 20% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Philadelphia, MS, the price of goods and services are 2% lower than the average of Mississippi as well as 9% lower than the nation's average.

Did you know?

  • The cost of living in Philadelphia is 5% lower than the Mississippi average.
  • The cost of living in Philadelphia is 20% lower than the national average.
  • The cost of housing in Philadelphia is 44% 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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Groceries index
Health care index
Housing index
Transportation index
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Use the salary calculator to compare your current salary in Philadelphia, 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 Philadelphia, MS, then you would need to earn more income in order to maintain the same standard of living. To use the Philadelphia, 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$37,731$3,144$880$1,132
Renters$27,057$2,255$631$812
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 Philadelphia, 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. Philadelphia, MS has a median income of about $37,731 for people who own homes. Based on that number, a person should spend a maximum of $880 on expenses related to housing. Renters have a slightly different median income, which is $27,057. Based on this average, renters should spend no more than $631 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%
One thing to keep in mind when considering the cost of living in Philadelphia, 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

ItemPhiladelphiaNational 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

ItemPhiladelphiaNational 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

ItemPhiladelphiaNational 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

ItemPhiladelphiaNational avg.Difference
Home Price $87,000.00$175,700.0050.5%
Avg. Mortgage Payment $883.13$1,133.2322.1%
Apartment Rent $650.00$920.0029.3%

Transportation

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

Utilities

ItemPhiladelphiaNational 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.
Pearl River, MS3,93575-25%
Tucker, MS76277-23%
Union, MS2,02478-22%
Sebastopol, MS25279-21%
Bogue Chitto, MS50181-19%
Philadelphia, MS7,44680-20%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Dry Run, OH7,44611616%
Payette, ID7,44786-14%
Fort Riley, KS7,4441033%
Canfield, OH7,44393-7%
Orland, CA7,4511055%
Philadelphia, MS7,44680-20%
Source: The Philadelphia, MS cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.