Ridgeland 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.
Cost of living index9584100
Goods & Services index9594100
Groceries index8994100
Health care index8991100
Housing index9863100
Transportation index8790100
Utilities index10495100
An overview of the general cost of living index for Ridgeland, MS is displayed above for your reference. Residents in Ridgeland, MS enjoy a cost of living index of 95. This index is 13% higher than the Mississippi average, and 5% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Ridgeland, MS, the average cost of goods and services is 2% higher than it is in Mississippi, and it is 5% lower than the national average.
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Did you know?

  • The cost of living in Ridgeland is 13% higher than the Mississippi average.
  • The cost of living in Ridgeland is 5% lower than the national average.
  • The cost of housing in Ridgeland 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 Ridgeland, MS Cost of living To Other Cities


      Salary Calculator

      This is how much you would need to earn in
      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 is used in order to provide a comparison of your current salary in Ridgeland, MS to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Ridgeland, MS, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Ridgeland, MS salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Ridgeland, MS, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Ridgeland, MS has a median income of about $76,029 for people who own homes. Based on that number, a person should spend a maximum of $1,774 on expenses related to housing. Renters have a slightly different median income, which is $43,486. Based on this average, renters should spend no more than $1,015 on all of their rental costs if they want to maintain a non-impoverished standard of living.

      Mississippi Sales Tax

      StateGeneral Sales TaxWith Max Surtax

      Mississippi Income Tax

      StateIncome Tax (Low)Income Tax (High)
      One thing to keep in mind when considering the cost of living in Ridgeland, MS is the Mississippi sales tax and Mississippi income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Mississippi sales tax rate is 7% and the maximum surtax that can be charged is 7.25%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Mississippi income tax rates range from 3% to 5%.

      Goods & Services

      ItemRidgelandNational avg.Difference
      Haircut $13.32$17.4923.9%
      Beauty Salon $23.38$38.1738.8%
      Toothpaste $3.06$2.3231.8%
      Shampoo $0.76$1.0125.2%
      Movie $9.08$10.7215.3%
      Bowling $7.08$13.8648.9%


      ItemRidgelandNational avg.Difference
      Ground Beef $5.35$3.9037.1%
      Fried Chicken $1.05$1.4024.8%
      Milk $1.78$1.969.3%
      Potatoes $2.36$3.1825.9%
      Pizza $9.32$10.3910.3%
      Beer $9.72$9.235.4%

      Health Care

      ItemRidgelandNational avg.Difference
      Optometrist $83.00$106.3421.9%
      Doctor $90.50$115.2521.5%
      Dentist $86.63$98.3811.9%
      Ibuprofen $7.97$9.2613.9%
      Lipitor $390.75$466.4716.2%


      ItemRidgelandNational avg.Difference
      Home Price $176,700.00$184,700.004.3%
      Avg. Mortgage Payment $942.41$1,273.3226.0%
      Apartment Rent $966.00$949.001.8%


      ItemRidgelandNational avg.Difference
      Gasoline $2.01$2.5922.5%
      Tire Balancing $37.66$48.9023.0%


      ItemRidgelandNational avg.Difference
      All Electricity$122.36$167.6027.0%
      Phone $40.59$163.4275.2%
      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.
      Jackson, MS172,03983-17%
      Kearney Park, MS1,40584-16%
      Flora, MS2,05886-14%
      Pearl, MS26,34486-14%
      Canton, MS13,50487-13%
      Ridgeland, MS24,33895-5%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      University Park, TX24,346216116%
      Watauga, TX24,32293-7%
      Chantilly, VA24,31214747%
      Athens, OH24,36593-7%
      North Platte, NE24,31183-17%
      Ridgeland, MS24,33895-5%
      Source: The Ridgeland, MS cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.