Ripley 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.
IndexRipleyMississippiNational
Cost of living index7984100
IndexRipleyMississippiNational
Goods & Services index9093100
Groceries index8794100
Health care index9690100
Housing index5463100
Transportation index9893100
Utilities index8090100
An overview of the general cost of living index for Ripley, MS is displayed above for your reference. Residents in Ripley, MS enjoy a cost of living index of 79. This index is 6% lower than the Mississippi average, and 21% 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 Ripley, MS, the average cost of goods and services is 4% lower than it is in Mississippi, and it is 10% lower than the national average.

Did you know?

  • The cost of living in Ripley is 6% lower than the Mississippi average.
  • The cost of living in Ripley is 21% lower than the national average.
  • The cost of housing in Ripley is 46% 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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Compare Ripley, MS Cost of living To Other Cities

Salary Calculator

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Health care index
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The salary calculator is used in order to provide a comparison of your current salary in Ripley, MS to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Ripley, MS, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Ripley, MS salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$43,988$3,666$1,026$1,320
Renters$18,784$1,565$438$564
The affordability of the housing market in Ripley, 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 Ripley, MS homeowners, the median income is $43,988. This indicates that a monthly maximum of $1,026 should be spent by homeowners on all housing related costs. Renters have a median income of $18,784. This indicates that renters should have a maximum of $438 used for their rent related monthly costs.

Mississippi Sales Tax

StateGeneral Sales TaxWith Max Surtax
Mississippi7%7.25%

Mississippi Income Tax

StateIncome Tax (Low)Income Tax (High)
Mississippi3%5%
When considering the overall cost of living expenses in Ripley, 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

ItemRipleyNational avg.Difference
Haircut $14.11$15.569.3%
Beauty Salon $20.55$36.1143.1%
Toothpaste $1.59$2.4735.8%
Shampoo $0.76$0.9621.2%
Movie $9.33$10.137.8%
Bowling $3.75$4.7420.8%

Groceries

ItemRipleyNational avg.Difference
Ground Beef $3.43$3.9813.9%
Fried Chicken $0.96$1.4132.0%
Milk $1.98$2.064.1%
Potatoes $2.97$2.980.5%
Pizza $9.00$9.475.0%
Beer $7.48$8.7914.9%

Health Care

ItemRipleyNational avg.Difference
Optometrist $125.00$101.0423.7%
Doctor $84.78$107.4421.1%
Dentist $90.45$90.420.0%
Ibuprofen $8.07$9.2813.1%
Lipitor $436.15$426.502.3%

Housing

ItemRipleyNational avg.Difference
Home Price $86,800.00$175,700.0050.6%
Avg. Mortgage Payment $757.17$1,133.2333.2%
Apartment Rent $610.00$920.0033.7%

Transportation

ItemRipleyNational avg.Difference
Gasoline $1.89$1.995.0%
Tire Balancing $47.89$45.764.7%

Utilities

ItemRipleyNational avg.Difference
All Electricity$122.15$163.8125.4%
Phone $25.01$28.3911.9%
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.
Dumas, MS45175-25%
Blue Mountain, MS82876-24%
Walnut, MS77280-20%
Hickory Flat, MS76377-23%
Myrtle, MS41278-22%
Ripley, MS5,34979-21%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Keyser, WV5,35084-16%
Grosse Pointe, MI5,35011010%
Wind Lake, WI5,34711111%
Kensington, CA5,35119191%
Orangetree, FL5,35111010%
Ripley, MS5,34979-21%
Source: The Ripley, MS cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.