| Index | Greenville | Mississippi | National |
| Cost of living | 83 | 86 | 100 |
| Groceries | 96 | 97 | 100 |
| Health care | 97 | 95 | 100 |
| Housing | 53 | 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 |
Getting a feel for the cost of living in Greenville is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Greenville is 83, which is 17% lower than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.
Housing expenses often consume a significant portion of your net income, occasionally surpassing 30%. Fortunately, housing costs in Greenville are 46.6% 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.
Is Greenville affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Greenville, for instance, where the median home price falls 56.4% lower than the national average, and monthly rent rates are 24% lower than usual. Additionally, median income levels contribute to the equation, with Greenville flaunting a median household income of $43,995, 45.9% lower than the national norm.
Housing: High demand for housing in desirable locations can drive up property prices and rental rates. This can be a primary contributor to a higher cost of living. While low demand for housing, especially in undesirable locations, can have the reverse effect and drive prices down, resulting in a lower cost of living. The housing index in Greenville, is 46.6% lower than the national average.
Healthcare: Healthcare expenses and insurance premiums can vary significantly depending on the specific city or state. Factors such as accessibility to healthcare facilities, out-of-pocket expenses for doctor's visits, dental care expenses, prescription costs and specialized medical care fees can all influence the overall cost of living. In Greenville, healthcare costs are 3.4% lower than the national average.
Utilities: As with the prices of anything else, utility costs can exhibit significant variations, contingent on factors like climate, energy source availability, geographic location and state regulations. The expenses associated with electricity, water, heating, and waste disposal can fluctuate, either upward or downward, depending on the particular city or state. In Greenville, the utilities index registers 2.6% lower than the national average.
The cost of living estimates displayed for Greenville 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 | $73,708 | $6,142 | $1,720 | $2,211 |
| Renters | $34,154 | $2,846 | $797 | $1,025 |
| 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. |
| Arcola, MS | 305 | 77 | 22.6% |
| Metcalfe, MS | 973 | 80 | 20.3% |
| Lake Village, AR | 2,345 | 81 | 19.3% |
| Hollandale, MS | 2,053 | 82 | 17.8% |
| Leland, MS | 4,020 | 85 | 15.2% |
| Greenville, MS | 30,605 | 83 | 16.9% |
| City | Population | Cost of Living Index | National Avg. |
| Texarkana, AR | 30,581 | 89 | 11.4% |
| Middle River, MD | 30,630 | 111 | 11.4% |
| Highland Park, IL | 30,564 | 146 | 46.3% |
| Suisun City, CA | 30,544 | 145 | 45.1% |
| Walnut, CA | 30,544 | 197 | 96.6% |
| Greenville, MS | 30,605 | 83 | 16.9% |
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