| Index | Clarksdale | Mississippi | National |
| Cost of living | 81 | 86 | 100 |
| Groceries | 96 | 97 | 100 |
| Health care | 97 | 95 | 100 |
| Housing | 45 | 63 | 100 |
| Transportation | 98 | 94 | 100 |
| Utilities | 97 | 98 | 100 |
| Lifestyle & Entertainment | 92 | 94 | 100 |
| Household Items | 96 | 96 | 100 |
| Education & Childcare | 95 | 94 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Clarksdale? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Clarksdale stands at 81, making it 19% lower than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
Housing expenses often consume a significant portion of your net income, occasionally surpassing 30%. Fortunately, housing costs in Clarksdale are 54.9% below the national average. This highlights the region's exceptional affordability for both homeownership and rentals in comparison to the rest of the country. This favorable housing situation allows residents to allocate a more reasonable fraction of their income to housing, resulting in enhanced financial flexibility and improved overall financial well-being.
Wondering if Clarksdale is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Clarksdale, for example, the median home price is 63.5% lower than what folks pay nationally, and monthly rent is 35% lower than the usual rates. Plus, income levels matter too, with Clarksdale boasting a median household income of $46,054, which is 43.4% lower than the national average.
Healthcare: The costs associated with healthcare and insurance premiums can exhibit notable disparities based on the city or state of residence. Access to healthcare facilities, out-of-pocket expenses for medical appointments, dental care charges, prescription medication costs and specialized medical care expenses all contribute to variations in the cost of living. In Clarksdale, healthcare costs are 3.4% lower than the national average.
Housing: When everyone's vying for homes in popular areas, it drives up property prices and rents, making the overall cost of living surge. On the flip side, in less sought-after locales, where housing demand is low, prices tend to dip, resulting in a more economical cost of living. In Clarksdale, the housing index comes in at 54.9% lower than the national average.
Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in Clarksdale comes in at 2.6% lower than the national average.
The cost of living estimates displayed for Clarksdale are modeled using a U.S. average baseline of 100, helping provide a useful comparison of local living expenses. Housing calculations include U.S. Census home price and rental data, while all other values are AI-assisted estimates based on regional cost patterns, climate, transportation, and everyday spending expectations. These values are intended for directional comparisons across cities.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $63,916 | $5,326 | $1,491 | $1,918 |
| Renters | $28,072 | $2,339 | $655 | $842 |
| State | General Sales Tax | With Max Surtax |
| Mississippi | 7% | 7.25% |
| State | Income Tax (Low) | Income Tax (High) |
| Mississippi | 5% | 5% |
| City | Population | Cost of Living Index | National Avg. |
| Duncan, MS | 327 | 96 | 4.2% |
| Farrell, MS | 303 | 72 | 28.4% |
| Jonestown, MS | 995 | 74 | 25.7% |
| Coahoma, MS | 282 | 75 | 25.0% |
| Friars Point, MS | 1,294 | 76 | 23.6% |
| Clarksdale, MS | 15,683 | 81 | 19.4% |
| City | Population | Cost of Living Index | National Avg. |
| Mineral Wells, TX | 15,683 | 89 | 11.3% |
| Bemidji, MN | 15,682 | 95 | 5.4% |
| Great Bend, KS | 15,685 | 85 | 14.8% |
| Beech Grove, IN | 15,679 | 88 | 11.7% |
| West Hants, NS | 15,678 | n/a | |
| Clarksdale, MS | 15,683 | 81 | 19.4% |
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