Cost of Living in Florence, MS

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3%
Overall NAT. AVG.
3%
Groceries NAT. AVG.
3%
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 Florence Mississippi National
Cost of living9786100
Groceries9797100
Health care9195100
Housing10363100
Transportation9294100
Utilities9698100
Lifestyle & Entertainment9094100
Household Items9696100
Education & Childcare9794100
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Homes For Sale In Florence, MS

property for sale

174 S Eagle Ridge Dr

Florence, MS
property for sale

141 Geolety Dr

Pearl, MS
property for sale

120 Monmouth Rd

Florence, MS
property for sale

2612 W Mountain Creek Rd

Florence, MS

Cost Of Living Quick Facts

  • The cost of living in Florence is 13% higher than the Mississippi average
  • The cost of living in Florence is 3% lower than the national average
  • Florence housing is 3% higher 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 Florence

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Compare Florence, MS Cost of Living

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      Salary Calculator

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      Cost of living index
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      Housing index
      Transportation index
      Utilities index
      Lifestyle index
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      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$104,291$8,691$2,433$3,129
      Renters$0$0$0$0
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Florence, MS, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Florence homeowners, is $104,291. This would allow for a maximum of $2,433 per month to be spent on housing costs. For renters, the median monthly income is $0 which would result in a maximum of $0 to be spent on rental costs.

      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.
      Robinhood, MS1,3468019.8%
      D'Lo, MS6248218.4%
      Crystal Springs, MS4,8958217.7%
      Mendenhall, MS3,0708317.4%
      Braxton, MS1978415.7%
      Florence, MS4,574973.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Wingate, NC4,574964.1%
      Jenkintown, PA4,57312323.1%
      Pilot Point, TX4,5751000.1%
      Larksville, PA4,5789010.0%
      Westover, WV4,5789010.4%
      Florence, MS4,574973.0%
      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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