Cost Of Living in University, MS

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4%

Overall NAT. AVG.

2%

Groceries NAT. AVG.

100%

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	University	Mississippi	National
Cost of living	96	86	100
Groceries	98	97	100
Health care	96	95	100
Housing	n/a	63	100
Transportation	93	94	100
Utilities	100	98	100
Lifestyle & Entertainment	95	94	100
Household Items	98	96	100
Education & Childcare	92	94	100

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Homes For Sale In University, MS

6 All American Dr

Oxford, MS

Cost Of Living Quick Facts

The cost of living in University is 12% higher than the Mississippi average
The cost of living in University is 4% lower than the national average
University housing is 20% 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	$0	$0	$0	$0
Renters	$0	$0	$0	$0

A good way to judge both the affordability of the housing and the cost of living in University is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. University has a median income of about $0 for people who own homes. Based on that number, a maximum of $0 should be spent on expenses related to housing. Renters have a slightly different median income, which is $0. Based on this average, renters should spend no more than $0 on all rental costs if they want to maintain a non-impoverished standard of living.

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.
Water Valley, MS	3,392	83	17.4%
Abbeville, MS	377	88	11.8%
Taylor, MS	304	95	4.6%
Oxford, MS	28,503	107	7.1%
University, MS	3,833	96	3.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Oneida, TN	3,833	84	16.3%
Taylor Lake Village, TX	3,832	125	24.6%
Cresco, IA	3,834	87	12.5%
Larned, KS	3,834	82	17.9%
Glen Raven, NC	3,834	95	5.5%
University, MS	3,833	96	3.8%