Cost Of Living in Latimer, MS

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8%

Overall NAT. AVG.

3%

Groceries NAT. AVG.

16%

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	Latimer	Mississippi	National
Cost of living	92	86	100
Groceries	97	97	100
Health care	97	95	100
Housing	84	63	100
Transportation	96	94	100
Utilities	97	98	100
Lifestyle & Entertainment	96	94	100
Household Items	94	96	100
Education & Childcare	95	94	100

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Homes For Sale In Latimer, MS

14708 Parker Rd

Biloxi, MS

14191 Oak View Cir

Vancleave, MS

13001 Larue Rd

Vancleave, MS

10165 Daisy Vestry Rd

Biloxi, MS

Cost Of Living Quick Facts

The cost of living in Latimer is 8% higher than the Mississippi average
The cost of living in Latimer is 8% lower than the national average
Latimer housing is 16% 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	$108,522	$9,044	$2,532	$3,256
Renters	$52,551	$4,379	$1,226	$1,577

The affordability of the housing market in Latimer, MS as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Latimer homeowners, the median income is $108,522. This indicates that a monthly maximum of $2,532 should be spent by homeowners on all housing related costs. Renters have a median income of $52,551. This indicates that renters would have a maximum of $1,226 for their rent related monthly 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.
St. Martin, MS	8,380	90	9.8%
Gulfport, MS	73,689	90	9.5%
Gulf Hills, MS	9,087	94	6.2%
Biloxi, MS	47,008	95	5.2%
D'Iberville, MS	14,203	95	5.2%
Latimer, MS	6,351	92	7.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Binghamton University, NY	6,351	110	9.6%
Lindale, TX	6,351	100	0.1%
Hurricane, WV	6,350	92	8.2%
Dacula, GA	6,352	100	0.2%
Osprey, FL	6,349	161	61.4%
Latimer, MS	6,351	92	7.6%