A+
6%
Overall NAT. AVG.
4%
Goods & Services NAT. AVG.
10%
Housing NAT. AVG.
Search Homes for Sale
Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Biloxi Mississippi National
Cost of living9483100
Goods & Services9792100
Groceries9797100
Health care10698100
Housing9063100
Transportation9388100
Utilities8986100

An Overview of Cost of Living in Biloxi, MS

The cost of living in Biloxi affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Biloxi is 94, which is 6% lower than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

The cost of living in Biloxi aligns closely with the national average when compared to other cities across the nation. Everyday essentials such as groceries, goods and services, health care and utility bills are priced at a level consistent with the average in similar urban areas. Biloxi residents can anticipate that their daily expenses won't be significantly higher than those in an average city, ensuring that the cost of living remains manageable.

Is Biloxi Affordable?

Wondering if Biloxi is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Biloxi, for example, the median home price is 9.9% lower than what folks pay nationally, and monthly rent is 8.9% lower than the usual rates. Plus, income levels matter too, with Biloxi boasting a median household income of $48,999, which is 11.4% lower than the national average.

What Factors can Influence the Cost of Living in Biloxi?

Transportation: In areas where public transportation is scarce or unavailable, residents often find themselves compelled to own and upkeep vehicles, thereby increasing the overall cost of living. Monthly expenses encompass fuel, insurance, routine maintenance and potentially lease or financing payments. In Biloxi, the transportation index is 7.4% lower than the national average.

Subsidies: Some cities and states may extend government subsidies or aid programs aimed at reducing the cost of living for their residents. These initiatives encompass diverse forms of support, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farm subsidies. Regions with limited subsidy provisions may witness an increase in their overall cost of living.

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 Biloxi, the groceries index is 3.2% lower than the national average.

Where is the Data From?

The Biloxi cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

New Real Estate Listings in Biloxi Area
Search Homes for Sale in Biloxi, MS

Cost Of Living Quick Facts

  • The cost of living in Biloxi is 13% higher than the Mississippi average
  • The cost of living in Biloxi is 6% lower than the national average
  • Biloxi housing is 10% 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

Most Affordable Places to Live in and Around Biloxi

See all the best places to live around Biloxi

Compare Biloxi, MS Cost of Living

      vs
      How would you rate the cost of living in Biloxi?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Biloxi?
      Write a review to give others more information about this area.
      See all Biloxi poll results

      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

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$73,270$6,106$1,710$2,198
      Renters$35,858$2,988$837$1,076
      To approximate the cost of living and the housing affordability in Biloxi, MS, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Biloxi have a median income of $73,270. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,710 per month to avoid calamity and poverty. The renters in the city have an income of about $35,858, which would make their monthly maximum allowable rental costs $837.

      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%

      Goods & Services

      Item Biloxi National avg. Difference
      Haircut $24.75$24.262.0%
      Beauty Salon $45.72$45.560.4%
      Toothpaste $3.59$3.703.0%
      Shampoo $1.17$1.288.4%
      Movie $10.62$12.1312.4%
      Bowling $17.33$18.003.7%

      Groceries

      Item Biloxi National avg. Difference
      Ground Beef $5.76$5.841.4%
      Fried Chicken $1.74$1.5710.7%
      Milk $4.55$4.672.5%
      Potatoes $5.16$4.934.6%
      Pizza $11.24$12.097.0%
      Beer $9.16$10.4112.0%

      Health Care

      Item Biloxi National avg. Difference
      Optometrist $122.28$125.682.7%
      Doctor $128.94$135.785.0%
      Dentist $138.76$113.2922.5%
      Ibuprofen $10.07$10.655.4%
      Lipitor $491.22$468.604.8%

      Housing

      Item Biloxi National avg. Difference
      Home Price $166,500.00$184,700.009.9%
      Avg. Mortgage Payment $1,663.88$2,346.6929.1%
      Apartment Rent $865.00$949.008.9%

      Transportation

      Item Biloxi National avg. Difference
      Gasoline $3.08$3.4611.0%
      Tire Balancing $60.67$59.921.2%

      Utilities

      Item Biloxi National avg. Difference
      All Electricity $162.85$193.9916.1%
      Phone $187.62$192.252.4%
      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 Population Cost of Living Index National Avg.
      St. Martin, MS8,2118910.7%
      Gulfport, MS71,660918.7%
      Latimer, MS6,148918.7%
      Gulf Hills, MS8,824937.1%
      D'Iberville, MS13,766955.4%
      Biloxi, MS46,042946.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Quinte West, ON46,045n/a 
      Hattiesburg, MS46,0108712.9%
      Four Corners, FL45,9461055.3%
      Huntington, WV46,1398614.2%
      Horizon West, FL46,20412626.5%
      Biloxi, MS46,042946.0%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.