Senatobia 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.
IndexSenatobiaMississippiNational
Cost of living index8781100
IndexSenatobiaMississippiNational
Goods & Services index9387100
Groceries index9193100
Health care index8592100
Housing index7563100
Transportation index8992100
Utilities index9786100
Displayed above is a general overview of the Senatobia, MS cost of living index. The overall cost of living index in Senatobia, MS is 87, which is 7% higher than the Mississippi average and 13% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Senatobia, MS are 6% higher than the Mississippi average and 8% lower than the national average.

Did you know?

  • The cost of living in Senatobia is 7% higher than the Mississippi average.
  • The cost of living in Senatobia is 13% lower than the national average.
  • The cost of housing in Senatobia is 25% 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 Senatobia, MS Cost of living To Other Cities

Salary Calculator

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Using the salary calculator lets you compare the salary you earn in Senatobia, MS to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Senatobia, MS, you have to earn a higher income in order to still have the same standard of living. To operate the Senatobia, MS salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$56,827$4,736$1,326$1,705
Renters$30,153$2,513$704$905
One can approximate the cost of living and the housing affordability in Senatobia, MS by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Senatobia, MS have a median income of $56,827. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,326 per month to avoid calamity and poverty. The renters in the city have an income of about $30,153, which would make their monthly maximum allowable rental costs $704.

Mississippi Sales Tax

StateGeneral Sales TaxWith Max Surtax
Mississippi7%7.25%

Mississippi Income Tax

StateIncome Tax (Low)Income Tax (High)
Mississippi3%5%
The Mississippi sales tax and Mississippi income tax rates should definitely be considered when determining the overall cost of living in Senatobia, MS. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Mississippi sales tax is 7% and the maximum surtax is 7.25%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Mississippi income tax rates range from 3% to 5%.

Goods & Services

ItemSenatobiaNational avg.Difference
Haircut $15.25$14.594.5%
Beauty Salon $30.80$34.6811.2%
Toothpaste $2.59$2.474.7%
Shampoo $0.82$1.0219.8%
Movie $10.30$9.874.4%
Bowling $3.41$4.3922.4%

Groceries

ItemSenatobiaNational avg.Difference
Ground Beef $4.79$4.487.0%
Fried Chicken $1.21$1.4617.4%
Milk $2.33$2.361.1%
Potatoes $3.15$3.062.9%
Pizza $8.39$9.249.2%
Beer $8.31$8.633.7%

Health Care

ItemSenatobiaNational avg.Difference
Optometrist $70.00$99.7829.8%
Doctor $83.80$105.0320.2%
Dentist $85.00$88.704.2%
Ibuprofen $8.48$9.419.9%
Lipitor $233.97$298.5021.6%

Housing

ItemSenatobiaNational avg.Difference
Home Price $130,700.00$175,700.0025.6%
Avg. Mortgage Payment $730.10$1,081.0332.5%
Apartment Rent $704.00$920.0023.5%

Transportation

ItemSenatobiaNational avg.Difference
Gasoline $1.87$2.0910.6%
Tire Balancing $40.40$45.2910.8%

Utilities

ItemSenatobiaNational avg.Difference
All Electricity$151.24$170.8011.5%
Phone $30.75$28.268.8%
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.
Crenshaw, MS89576-24%
Sledge, MS48277-23%
Como, MS1,68977-23%
Sardis, MS2,03879-21%
Coldwater, MS1,16782-18%
Senatobia, MS8,06387-13%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
London, KY8,06287-13%
Ludington, MI8,06187-13%
Southwood Acres, CT8,06011919%
Pukalani, HI8,06718484%
Decorah, IA8,05890-10%
Senatobia, MS8,06387-13%
Source: The Senatobia, MS cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.