Tupelo 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.
IndexTupeloMississippiNational
Cost of living index8381100
IndexTupeloMississippiNational
Goods & Services index8987100
Groceries index8793100
Health care index9692100
Housing index7163100
Transportation index9692100
Utilities index7886100
A general overview of the cost of living index for Tupelo, MS is displayed above. In Tupelo, MS, the overall cost of living index is 83, which is 2% higher than the Mississippi average and 17% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Tupelo, MS, the city's goods and services are 2% higher than the Mississippi average and 11% lower than the U.S. average.

Did you know?

  • The cost of living in Tupelo is 2% higher than the Mississippi average.
  • The cost of living in Tupelo is 17% lower than the national average.
  • The cost of housing in Tupelo is 29% 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 Tupelo, 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 Tupelo, MS, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Tupelo, 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$54,983$4,582$1,283$1,650
Renters$22,945$1,912$535$688
The affordability of the housing market in Tupelo, 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 Tupelo, MS homeowners, the median income is $54,983. This indicates that a monthly maximum of $1,283 should be spent by homeowners on all housing related costs. Renters have a median income of $22,945. This indicates that renters should have a maximum of $535 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 Tupelo, 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

ItemTupeloNational 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

ItemTupeloNational 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

ItemTupeloNational 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

ItemTupeloNational avg.Difference
Home Price $120,600.00$175,700.0031.4%
Avg. Mortgage Payment $781.10$1,081.0327.7%
Apartment Rent $699.00$920.0024.0%

Transportation

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

Utilities

ItemTupeloNational 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.
Verona, MS3,05276-24%
Shannon, MS1,83177-23%
Nettleton, MS1,63477-23%
Sherman, MS62978-22%
Plantersville, MS93378-22%
Tupelo, MS35,34583-17%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Hobbs, NM35,34389-11%
Merrillville, IN35,26299-1%
University City, MO35,2261033%
Royal Palm Beach, FL35,4821077%
Columbia, TN35,20789-11%
Tupelo, MS35,34583-17%
Source: The Tupelo, MS cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.