Cost Of Living in Algoma, MS

Get 300+ Local Insights for Any Address in Algoma, MS

Get Access to 300+ Local Data Points

A+

6%

Overall NAT. AVG.

2%

Groceries NAT. AVG.

10%

Housing NAT. AVG.

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index	Algoma	Mississippi	National
Cost of living	94	86	100
Groceries	98	97	100
Health care	93	95	100
Housing	90	63	100
Transportation	95	94	100
Utilities	99	98	100
Lifestyle & Entertainment	93	94	100
Household Items	98	96	100
Education & Childcare	96	94	100

Does this Area Fit Your Budget?

Know the community before you call it home
Compare multiple areas side by side
Access over 300 data points for any address

GET REPORT →

Cost Of Living Quick Facts

The cost of living in Algoma is 10% higher than the Mississippi average
The cost of living in Algoma is 6% lower than the national average
Algoma housing is 10% lower than the national average
Mississippi general sales tax is 37% higher than the national average
Mississippi state income tax is 93% higher than the national average

Most Affordable Places to Live in and Around Algoma

See all the best places to live around Algoma

Compare Algoma, MS Cost of Living

Write a review to give others more information about this area.

See all Algoma poll results

The best places in Mississippi

Here are the best places to live in Mississippi

Most Dangerous Cities In The US

These are the largest cities in Mississippi

These are the 10 cheapest cities in Mississippi

Salary Calculator

This is how much you would need to earn in

Price difference in compared to

Cost of living index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$101,164	$8,430	$2,360	$3,035
Renters	$35,947	$2,996	$839	$1,079

Mississippi Sales Tax

State	General Sales Tax	With Max Surtax
Mississippi	7%	7.25%

Mississippi Income Tax

State	Income Tax (Low)	Income Tax (High)
Mississippi	5%	5%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
New Houlka, MS	511	80	20.3%
Toccopola, MS	310	81	19.1%
Ecru, MS	1,370	85	15.3%
Sherman, MS	635	86	13.6%
Pontotoc, MS	6,205	90	9.6%
Algoma, MS	720	94	5.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Cactus Forest, AZ	720	89	10.6%
Sanders, AZ	720	86	14.3%
Mountain Gate, CA	720	111	10.7%
Dawson, IL	720	87	12.9%
Wayland, MO	720	87	13.1%
Algoma, MS	720	94	5.6%