Cost Of Living in Lake, MS

Get 300+ Local Insights for Any Address in Lake, MS

Get Access to 300+ Local Data Points

A+

17%

Overall NAT. AVG.

3%

Groceries NAT. AVG.

45%

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	Lake	Mississippi	National
Cost of living	83	86	100
Groceries	98	97	100
Health care	96	95	100
Housing	55	63	100
Transportation	97	94	100
Utilities	97	98	100
Lifestyle & Entertainment	90	94	100
Household Items	94	96	100
Education & Childcare	95	94	100

Does this Area Fit Your Budget?

Know the community before you call it home
Compare multiple areas side by side
Access over 300 data points for any address

GET REPORT →

Homes For Sale In Lake, MS

000 Cr 549

Other, MS

Mudline Rd

Lake, MS

38 Church St

Lake, MS

OOO Highway 15 North

Other, MS

Cost Of Living Quick Facts

The cost of living in Lake is 3% lower than the Mississippi average
The cost of living in Lake is 17% lower than the national average
Lake housing is 45% 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 Lake

See all the best places to live around Lake

Compare Lake, MS Cost of Living

Write a review to give others more information about this area.

See all Lake poll results

The best places in Mississippi

Here are the best places to live in Mississippi

These are the largest cities in Mississippi

Safest Cities In The US

Most Dangerous States In The US

Salary Calculator

This is how much you would need to earn in

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	$72,938	$6,078	$1,702	$2,188
Renters	$75,916	$6,326	$1,771	$2,278

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.
Conehatta, MS	1,276	75	25.2%
Hillsboro, MS	1,134	75	25.0%
Newton, MS	3,306	81	19.0%
Forest, MS	5,731	83	17.3%
Decatur, MS	1,792	85	15.5%
Lake, MS	518	83	16.7%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Hytop, AL	518	84	16.4%
Midway, AL	518	78	21.7%
Martensdale, IA	518	89	10.6%
Tremont, MS	518	83	16.8%
Vienna Center, OH	518	87	12.6%
Lake, MS	518	83	16.7%