Cost of Living in Booneville, MS

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13%
Overall NAT. AVG.
2%
Groceries NAT. AVG.
34%
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 Booneville Mississippi National
Cost of living8786100
Groceries9897100
Health care9395100
Housing6663100
Transportation9594100
Utilities9998100
Lifestyle & Entertainment9394100
Household Items9896100
Education & Childcare9694100
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Homes For Sale In Booneville, MS

property for sale

15 County Road 7018

Booneville, MS
property for sale

404 S Second St

Booneville, MS
property for sale

2241 CR 633

Booneville, MS
property for sale

504 Hatchie St

Booneville, MS
See the Newest Homes For Sale In Booneville, MS

Cost Of Living Quick Facts

  • The cost of living in Booneville is 2% higher than the Mississippi average
  • The cost of living in Booneville is 13% lower than the national average
  • Booneville housing is 34% 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

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      The best places in Mississippi

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      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$89,653$7,471$2,092$2,690
      Renters$19,252$1,604$449$578
      A good way to judge both the affordability of the housing and the cost of living in Booneville is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Booneville has a median income of about $89,653 for people who own homes. Based on that number, a maximum of $2,092 should be spent on expenses related to housing. Renters have a slightly different median income, which is $19,252. Based on this average, renters should spend no more than $449 on all rental costs if they want to maintain a non-impoverished standard of living.

      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.
      Burnsville, MS8607921.1%
      Jumpertown, MS4538019.7%
      Baldwyn, MS3,1758218.0%
      Marietta, MS2138217.8%
      Rienzi, MS2888416.2%
      Booneville, MS8,7728712.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Indian Harbour Beach, FL8,77312121.0%
      Clinton, NC8,770937.0%
      Glastonbury Center, CT8,76912323.5%
      Boonton, NJ8,77514039.6%
      Stony Brook University, NY8,7751109.6%
      Booneville, MS8,7728712.8%
      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.
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