| Index | Ridgeland | Mississippi | National |
| Cost of living | 99 | 86 | 100 |
| Groceries | 97 | 97 | 100 |
| Health care | 91 | 95 | 100 |
| Housing | 109 | 63 | 100 |
| Transportation | 92 | 94 | 100 |
| Utilities | 96 | 98 | 100 |
| Lifestyle & Entertainment | 90 | 94 | 100 |
| Household Items | 96 | 96 | 100 |
| Education & Childcare | 97 | 94 | 100 |
Knowing the cost of living in Ridgeland allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Ridgeland stands at 99, marking it 1% lower than the national average.
Everyday expenditures like food, housing, lifestyle expenses, transportation and health care in Ridgeland are priced in a manner consistent with other areas. This means that residents of Ridgeland can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.
Is Ridgeland 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 Ridgeland, for instance, where the median home price falls 7.8% higher than the national average, and monthly rent rates are 12.2% higher than usual. Additionally, median income levels contribute to the equation, with Ridgeland flaunting a median household income of $90,367, 11.1% higher than the national norm.
Groceries: Grocery prices have seen substantial hikes in the last 2-3 years, with some markets witnessing food cost increases of over 20% during this period. Conversely, certain markets have experienced only moderate upticks. These variations in food expenses can have a substantial impact on the overall cost of living in any locality. In Ridgeland, the groceries index is 3% lower than the national average.
Healthcare: Healthcare costs and insurance premiums can undergo substantial fluctuations based on the city or state of residence. Elements such as the availability of healthcare facilities, out-of-pocket costs for medical consultations, dental expenses, prescription medication charges and specialized medical care fees all contribute to variations in the cost of living. In Ridgeland, healthcare costs are 8.7% lower than the national average.
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 Ridgeland, is 9.1% higher than the national average.
The cost of living estimates displayed for Ridgeland 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 | $130,856 | $10,905 | $3,053 | $3,926 |
| Renters | $70,966 | $5,914 | $1,656 | $2,129 |
| 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. |
| Kearney Park, MS | 1,202 | 80 | 19.7% |
| Jackson, MS | 168,127 | 85 | 15.5% |
| Canton, MS | 12,207 | 86 | 14.5% |
| Richland, MS | 7,410 | 88 | 12.0% |
| Pearl, MS | 27,352 | 90 | 10.1% |
| Ridgeland, MS | 25,070 | 99 | 1.3% |
| City | Population | Cost of Living Index | National Avg. |
| Collinsville, IL | 25,068 | 92 | 7.5% |
| Farmington, UT | 25,076 | 130 | 29.6% |
| Marysville, OH | 25,078 | 100 | 0.1% |
| Palm River-Clair Mel, FL | 25,085 | 100 | 0.0% |
| Peekskill, NY | 25,021 | 124 | 23.7% |
| Ridgeland, MS | 25,070 | 99 | 1.3% |
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