Cost Of Living in Farrell, MS

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28%

Overall NAT. AVG.

2%

Groceries NAT. AVG.

83%

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	Farrell	Mississippi	National
Cost of living	72	86	100
Groceries	98	97	100
Health care	94	95	100
Housing	17	63	100
Transportation	93	94	100
Utilities	100	98	100
Lifestyle & Entertainment	96	94	100
Household Items	95	96	100
Education & Childcare	87	94	100

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Cost Of Living Quick Facts

The cost of living in Farrell is 16% lower than the Mississippi average
The cost of living in Farrell is 28% lower than the national average
Farrell housing is 83% 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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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	$56,946	$4,746	$1,329	$1,709
Renters	$0	$0	$0	$0

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.
Jonestown, MS	995	74	25.7%
Lula, MS	217	75	25.1%
Coahoma, MS	282	75	25.0%
Elaine, AR	738	76	23.5%
Friars Point, MS	1,294	76	23.6%
Farrell, MS	303	72	28.4%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Mosquito Lake, AK	303	113	13.3%
Cuba, AL	303	87	13.1%
Viola, AR	303	80	19.7%
Noma, FL	303	80	20.4%
Oakdale, IL	303	85	14.6%
Farrell, MS	303	72	28.4%