Cost of Living in Mississippi

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If you are thinking of relocating to Mississippi, there are some pros and cons that you should know about. The cost of living here is one of the main things to consider, but it’s not the only one. Mississippi has a low cost of living and a lower population density than many other states. The lifestyle is slow and laid back, with a tradition of southern hospitality. The climate is hot, with hot summers and mild winters. Agriculture or gardening is one step ahead of the fertile soil and the vast land available for planting. Mississippi is a prime spot for fishing, with plenty of catfish. It’s also a good state if you prefer small towns to sprawling urban areas.

However, there are a few downsides to consider. Mississippi is subject to intense weather conditions. The high heat and humidity are regular, with occasional heavy rainfall, thunderstorms, hurricanes and tropical storms. Heavy showers are common, but they often come in short, intense gusts, and then the sun returns. The general culture of the state values ‚Äč‚Äčtradition rather than modernization, which means that a lot of amenities can seem a bit behind the times. Thinking of moving here? Let’s dive into the cost of living in Mississippi and see if this is the right place for you.

How Much Does an Apartment Cost in Mississippi?

The average rent for an apartment in Mississippi spans a wide range, depending on the size and number of bedrooms in the unit. Average rental prices are: $ 554 for a studio / efficiency, $ 590 for a one-bedroom, $ 747 for a two-bedroom, $ 941 for a three-bedroom, and $ 1,073 for a four-bedroom.

How do you find cheap apartments in Mississippi?

Costs vary statewide. You can find the lowest living costs in the following locations in Mississippi:

  • Aberdeen
  • Clarksdale
  • Saltillo
  • Moss stitch
  • Senateobia
  • Pontotoc
  • Ripley
  • pearl
  • Brandon
  • Byram

What’s the cheapest rent in Mississippi?

One of the cheapest cities to rent an apartment in Mississippi is Aberdeen, Monroe County. The median rent for a one-bedroom apartment here is $ 585. However, there are other counties with even more affordable rents. In Smith, Sunflower, Coahoma, Leflore, Prentiss, Pontotoc, Chickasaw and Jones counties you can rent a studio / efficiency for less than $ 500 per month, a one bedroom apartment for between $ 500 and $ 600 per month , a two-bedroom for about $ 684 to $ 729, a three-bedroom for $ 850 to $ 900, and a four-bedroom for between $ 945 and $ 989.

Browse Mississippi Rentals

How Mississippi’s cost of living compares to other states

The cost of living index in Mississippi is 81.1, lower than the national average (100). The cost of groceries, 94.9, is just a little lower than the national average. Health care costs are slightly higher at 101.4. The average cost of housing is 55.4, which is significantly lower than over half the rest of the country. Utilities are slightly below the national average at 97.1. Transportation costs are 83.4 while miscellaneous expenses are 93.1.

The most affordable daycare

Child care costs in Mississippi are lower than any other state in the United States, averaging $ 5,436 per year. These expenses are incredibly affordable compared to the state with the highest child care costs, Massachusetts, which totals a whopping $ 20,913 per year. Instead, these types of annual savings can go into a college fund, family vacation, or other rewarding experiences for your children. While Mississippi must catch up to achieve higher levels of quality education, the state recently made strides in early childhood education, earning high marks from the National Research Institute of early education.

The quality of K-12 education has improved recently, with a 2020 report concluding that Mississippi ranks second out of five states that have improved their education systems. The biggest obstacle faced by pre-K and K-12 education is the lack of state funding to institute the changes that educators have recommended. However, it is clear that the relevant authorities are working hard to improve the academic performance of their students, despite budgetary restrictions.

The Cost of Higher Education in Mississippi

Pursuing a graduate degree in Mississippi is more economical than the tuition and associated expenses in most other states. The tuition and average fees for Mississippi state colleges and universities for the 2020-2021 academic year are $ 5,041 for in-state students and $ 12,417 for out-of-state students. This is a substantial saving compared to the 2021 national average tuition fee and fees of $ 6,540 for in-state students and $ 17,871 for out-of-state students.

The University of Mississippi, nicknamed Ole Miss, located in Oxford, Mississippi, is a public research university. With its medical center in Jackson, Mississippi, the University of Mississippi is the state’s largest university by enrollment and is touted as the flagship university in Mississippi.

Another economical option for higher education is Mississippi State University (MSU), a public research university with a land grant located near Starkville, Mississippi. Studying at MSU’s College of Agriculture and Life Sciences prepares you for careers in the local economy, helping you develop skills for jobs in agriculture and other agricultural industries. That said, the university has expanded from these early core areas of study, and now you can pursue almost any degree, including architecture, computer science, or veterinary medicine.

Ready to call Mississippi home? Browse apartments for rent on Zumper and start your search!

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