Southaven 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.
IndexSouthavenMississippiNational
Cost of living index9081100
IndexSouthavenMississippiNational
Goods & Services index9387100
Groceries index9193100
Health care index8592100
Housing index8563100
Transportation index8992100
Utilities index9786100
A general summary of the cost of living index in Southaven, MS is shown above. Compared to the state average of Mississippi the cost of living index in Southaven, MS is 90, which is 11% higher than the average in Mississippi and compared to the national average it is 10% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Southaven, MS goods and services come in at 6% higher than the average in Mississippi and are 8% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Southaven is 11% higher than the Mississippi average.
  • The cost of living in Southaven is 10% lower than the national average.
  • The cost of housing in Southaven is 15% 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
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The salary calculator allows you to compare how much your current salary in Southaven, 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 Southaven, MS, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Southaven, 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$68,345$5,695$1,595$2,051
Renters$41,215$3,435$962$1,237
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 Southaven, 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. Southaven, MS has a median income of about $68,345 for people who own homes. Based on that number, a person should spend a maximum of $1,595 on expenses related to housing. Renters have a slightly different median income, which is $41,215. Based on this average, renters should spend no more than $962 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 Southaven, 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

ItemSouthavenNational 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

ItemSouthavenNational 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

ItemSouthavenNational 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

ItemSouthavenNational avg.Difference
Home Price $137,800.00$175,700.0021.6%
Avg. Mortgage Payment $730.10$1,081.0332.5%
Apartment Rent $936.00$920.001.7%

Transportation

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

Utilities

ItemSouthavenNational 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.
West Memphis, AR25,76781-19%
Memphis, TN656,71584-16%
Horn Lake, MS26,48685-15%
Walls, MS1,09986-14%
Lynchburg, MS2,11388-12%
Southaven, MS50,38990-10%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Plainfield, NJ50,42311717%
Casa Grande, AZ50,31688-12%
Enid, OK50,23286-14%
Palm Beach Gardens, FL50,14711919%
Catalina Foothills, AZ50,64312525%
Southaven, MS50,38990-10%
Source: The Southaven, MS cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.