Olive Branch cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexOlive BranchMississippiNational
Cost of living index9084100
IndexOlive BranchMississippiNational
Goods & Services index8694100
Groceries index8994100
Health care index7791100
Housing index9863100
Transportation index8790100
Utilities index8895100
A general summary of the cost of living index in Olive Branch, MS is shown above. Compared to the state average of Mississippi the cost of living index in Olive Branch, MS is 90, which is 7% higher than the average in Mississippi and compared to the national average it is 10% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Olive Branch, MS goods and services come in at 9% lower than the average in Mississippi and are 15% lower than compared to the nationwide average.
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Did you know?

  • The cost of living in Olive Branch is 7% higher than the Mississippi average.
  • The cost of living in Olive Branch is 10% lower than the national average.
  • The cost of housing in Olive Branch is 2% lower than the national average.
  • Mississippi general sales tax is 37% higher than the national average.
  • Mississippi state income tax is 35% higher than the national average.

Compare Olive Branch, MS Cost of living To Other Cities

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      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      The salary calculator allows you to compare how much your current salary in Olive Branch, MS would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Olive Branch, MS, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Olive Branch, MS salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$71,576$5,965$1,670$2,147
      Renters$53,491$4,458$1,248$1,605
      One can approximate the cost of living and the housing affordability in Olive Branch, MS by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Olive Branch, MS have a median income of $71,576. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,670 per month to avoid calamity and poverty. The renters in the city have an income of about $53,491, which would make their monthly maximum allowable rental costs $1,248.

      Mississippi Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Mississippi7%7.25%

      Mississippi Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Mississippi3%5%
      When assessing the complete cost of living in Olive Branch, MS, the Mississippi income tax and the Mississippi sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Mississippi maximum surtax is 7.25%, and the Mississippi sales tax is 7%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 3% to 5% in Mississippi.

      Goods & Services

      ItemOlive BranchNational avg.Difference
      Haircut $14.50$17.4917.1%
      Beauty Salon $33.00$38.1713.5%
      Toothpaste $1.76$2.3224.2%
      Shampoo $0.79$1.0121.9%
      Movie $12.17$10.7213.5%
      Bowling $17.50$13.8626.3%

      Groceries

      ItemOlive BranchNational avg.Difference
      Ground Beef $3.14$3.9019.5%
      Fried Chicken $0.83$1.4040.5%
      Milk $2.01$1.962.4%
      Potatoes $3.19$3.180.2%
      Pizza $8.25$10.3920.6%
      Beer $8.84$9.234.2%

      Health Care

      ItemOlive BranchNational avg.Difference
      Optometrist $61.66$106.3442.0%
      Doctor $74.63$115.2535.2%
      Dentist $75.17$98.3823.6%
      Ibuprofen $7.98$9.2613.8%
      Lipitor $466.06$466.470.1%

      Housing

      ItemOlive BranchNational avg.Difference
      Home Price $166,100.00$184,700.0010.1%
      Avg. Mortgage Payment $921.18$1,273.3227.7%
      Apartment Rent $1,098.00$949.0015.7%

      Transportation

      ItemOlive BranchNational avg.Difference
      Gasoline $2.30$2.5911.4%
      Tire Balancing $42.16$48.9013.8%

      Utilities

      ItemOlive BranchNational avg.Difference
      All Electricity$131.84$167.6021.3%
      Phone $182.13$163.4211.5%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City, StatePopulationCost of Living IndexNational Avg.
      Byhalia, MS1,86176-24%
      Memphis, TN655,85779-21%
      Horn Lake, MS26,78580-20%
      Lynchburg, MS2,19783-17%
      Southaven, MS51,81685-15%
      Olive Branch, MS35,50890-10%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      East Point, GA35,47792-8%
      Martinez, GA35,47694-6%
      Little Elm, TX35,55399-1%
      Richmond West, FL35,45911414%
      Manhattan Beach, CA35,573276176%
      Olive Branch, MS35,50890-10%
      Source: The Olive Branch, MS cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.