Cost Of Living in Carthage, MS

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

Get Access to 300+ Local Data Points

A+

10%

Overall NAT. AVG.

3%

Groceries NAT. AVG.

20%

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	Carthage	Mississippi	National
Cost of living	90	86	100
Groceries	97	97	100
Health care	91	95	100
Housing	80	63	100
Transportation	92	94	100
Utilities	96	98	100
Lifestyle & Entertainment	90	94	100
Household Items	96	96	100
Education & Childcare	97	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 →

Homes For Sale In Carthage, MS

RISHER RD

CARTHAGE, MS

Mississippi 488 HWY

Carthage, MS

Road 167

Philadelphia, MS

Eagle Cv

Carthage, MS

See the Newest Homes For Sale In Carthage, MS

Cost Of Living Quick Facts

The cost of living in Carthage is 5% higher than the Mississippi average
The cost of living in Carthage is 10% lower than the national average
Carthage housing is 20% 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 Carthage

See all the best places to live around Carthage

Compare Carthage, MS Cost of Living

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

See all Carthage poll results

The best places in Mississippi

Here are the best places to live in Mississippi

These are the largest cities in Mississippi

See the best places to live in Carthage

Safest Cities In The US

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	$105,030	$8,753	$2,451	$3,151
Renters	$37,300	$3,108	$870	$1,119

To approximate the cost of living and the housing affordability in Carthage, MS, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Carthage have a median income of $105,030. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,451 per month to avoid calamity and poverty. The renters in the city have an income of about $37,300, which would make their monthly maximum allowable rental costs $870.

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.
Standing Pine, MS	632	78	22.1%
Walnut Grove, MS	1,069	80	19.9%
Redwater, MS	732	80	20.0%
Sebastopol, MS	332	82	17.5%
Lena, MS	145	83	16.7%
Carthage, MS	4,904	90	10.2%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Hawaiian Ocean View, HI	4,903	110	10.0%
East Harwich, MA	4,903	147	46.8%
Columbia, KY	4,905	86	13.7%
Hummelstown, PA	4,905	102	1.9%
Kneehill County, AB	4,902	n/a
Carthage, MS	4,904	90	10.2%