Cost of Living in Farmington, MS

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13%
Overall NAT. AVG.
5%
Groceries NAT. AVG.
31%
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 Farmington Mississippi National
Cost of living8786100
Groceries9597100
Health care9795100
Housing6963100
Transportation9894100
Utilities9698100
Lifestyle & Entertainment9494100
Household Items9596100
Education & Childcare9194100
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Homes For Sale In Farmington, MS

property for sale

204 County Road 217

Corinth, MS
property for sale

Alcorn County Road 106

Corinth, MS
property for sale

11 County Road 119

Corinth, MS

Cost Of Living Quick Facts

  • The cost of living in Farmington is 2% higher than the Mississippi average
  • The cost of living in Farmington is 13% lower than the national average
  • Farmington housing is 31% 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 Farmington

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Compare Farmington, MS Cost of Living

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      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$83,887$6,991$1,957$2,517
      Renters$45,902$3,825$1,071$1,377

      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%
      Iuka, MS3,0448118.7%
      Ramer, TN3778415.9%
      Eastview, TN8448515.5%
      Farmington, MS2,5858712.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Laurel Park, NC2,58511111.4%
      Hampton Beach, NH2,58513131.4%
      Nekoosa, WI2,5848614.0%
      Pawnee, IL2,583937.2%
      Preston Heights, IL2,583927.8%
      Farmington, MS2,5858712.7%
      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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