Saltillo 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.
IndexSaltilloMississippiNational
Cost of living index8281100
IndexSaltilloMississippiNational
Goods & Services index8987100
Groceries index8793100
Health care index9692100
Housing index6663100
Transportation index9692100
Utilities index7886100
The above illustration supplies generalized information for the Saltillo, MS cost of living index. Compared to other cities in Mississippi and cities across the country, the cost of living index in Saltillo, MS is 82, which is 1% higher than the Mississippi average and 18% 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 Saltillo, MS are 2% higher than the average for Mississippi and 11% lower than the rest of the country.

Did you know?

  • The cost of living in Saltillo is 1% higher than the Mississippi average.
  • The cost of living in Saltillo is 18% lower than the national average.
  • The cost of housing in Saltillo is 34% 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

This is how much you would need to earn in
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Groceries index
Health care index
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Transportation index
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The salary calculator allows you to compare how much your current salary in Saltillo, 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 Saltillo, MS, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Saltillo, 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)
Owners$82,893$6,908$1,934$2,487
Renters$18,542$1,545$433$556
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Saltillo, MS as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Saltillo, MS homeowners, is $82,893. This would allow for a maximum of $1,934 per month to be spent on housing costs. For renters, the median monthly income is $18,542 which would result in a maximum of $433 to be spent on rental costs.

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 Saltillo, 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

ItemSaltilloNational avg.Difference
Haircut $14.80$14.591.4%
Beauty Salon $25.98$34.6825.1%
Toothpaste $1.68$2.4732.1%
Shampoo $0.80$1.0221.7%
Movie $9.25$9.876.3%
Bowling $3.50$4.3920.3%

Groceries

ItemSaltilloNational avg.Difference
Ground Beef $3.90$4.4812.9%
Fried Chicken $1.08$1.4626.2%
Milk $2.36$2.360.1%
Potatoes $2.81$3.068.2%
Pizza $9.95$9.247.6%
Beer $7.64$8.6311.5%

Health Care

ItemSaltilloNational avg.Difference
Optometrist $99.67$99.780.1%
Doctor $80.67$105.0323.2%
Dentist $97.00$88.709.4%
Ibuprofen $7.64$9.4118.8%
Lipitor $299.58$298.500.4%

Housing

ItemSaltilloNational avg.Difference
Home Price $126,400.00$175,700.0028.1%
Avg. Mortgage Payment $781.10$1,081.0327.7%
Apartment Rent $483.00$920.0047.5%

Transportation

ItemSaltilloNational avg.Difference
Gasoline $1.93$2.097.8%
Tire Balancing $47.96$45.295.9%

Utilities

ItemSaltilloNational avg.Difference
All Electricity$119.71$170.8029.9%
Phone $25.01$28.2611.5%
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.
Marietta, MS36074-26%
Verona, MS3,05276-24%
Baldwyn, MS3,19876-24%
Sherman, MS62978-22%
Plantersville, MS93378-22%
Saltillo, MS4,91682-18%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Spirit Lake, IA4,91693-7%
Cochran, GA4,91781-19%
Pleasant Run, OH4,91490-10%
Duryea, PA4,91894-6%
Nashville, GA4,91881-19%
Saltillo, MS4,91682-18%
Source: The Saltillo, MS cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.