Cost Of Living in Inverness, MS

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14%

Overall NAT. AVG.

4%

Groceries NAT. AVG.

37%

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	Inverness	Mississippi	National
Cost of living	86	86	100
Groceries	96	97	100
Health care	97	95	100
Housing	63	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

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Cost Of Living Quick Facts

The cost of living in Inverness is equal to the Mississippi average
The cost of living in Inverness is 14% lower than the national average
Inverness housing is 37% 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	$91,107	$7,592	$2,126	$2,733
Renters	$50,797	$4,233	$1,185	$1,524

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.
Sunflower, MS	1,099	79	21.1%
Moorhead, MS	1,549	80	19.9%
Morgan City, MS	273	81	19.3%
Belzoni, MS	2,196	82	18.0%
Indianola, MS	9,550	84	16.1%
Inverness, MS	863	86	14.1%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Lakeville, CT	863	127	27.3%
Burlingame, KS	863	82	18.2%
Oil City, LA	863	82	17.8%
Ripley, NY	863	81	18.5%
Niota, TN	863	84	16.0%
Inverness, MS	863	86	14.1%