A+
3%
Overall NAT. AVG.
5%
Goods & Services NAT. AVG.
8%
Housing NAT. AVG.
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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 Brandon Mississippi National
Cost of living9783100
Goods & Services9592100
Groceries9997100
Health care10298100
Housing10863100
Transportation8188100
Utilities8386100

An Overview of Cost of Living in Brandon, MS

Understanding the cost of living in Brandon can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Brandon cost of living index is 97, which is 3% lower than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.

Everyday expenditures like food, housing, goods and services, transportation and health care in Brandon are priced in a manner consistent with other areas. This means that residents of Brandon can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.

Is Brandon Affordable?

Is Brandon an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Brandon is 9.6% higher than the national average, while the average monthly rent prices are 3.4% higher than average. The affordability of any location can also be influenced by median income levels. Brandon has a median household income of $80,924, which is 46.3% higher than the national average.

What Factors can Influence the Cost of Living in Brandon?

Housing: When there's a high demand for housing in trendy places, it can cause property prices and rental rates to soar, leading to a significantly higher cost of living. Conversely, in less desirable locations, where demand is low, prices tend to decrease, resulting in a more budget-friendly cost of living. In Brandon, the housing index is 7.8% higher than the national average.

Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in Brandon comes in at 17.5% lower than the national average.

Healthcare: The costs associated with healthcare and insurance premiums can exhibit notable disparities based on the city or state of residence. Access to healthcare facilities, out-of-pocket expenses for medical appointments, dental care charges, prescription medication costs and specialized medical care expenses all contribute to variations in the cost of living. In Brandon, healthcare costs are 1.6% higher than the national average.

Where is the Data From?

The cost of living data in Brandon displayed above is sourced from the C2ER cost of living index, which serves as a practical tool for comparing living expenses across urban areas. Published on a quarterly basis, this index aggregates data from over 300 independent researchers, encompassing more than 60 goods and services, in 6 different categories. The weightings assigned to cost differences rely on government survey data that tracks the spending habits of professional and executive households. It's worth noting that the C2ER index excludes data on sales or income tax rates, while AreaVibes integrates tax rates into the overall cost of living evaluation for each region.

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Cost Of Living Quick Facts

  • The cost of living in Brandon is 16% higher than the Mississippi average
  • The cost of living in Brandon is 3% lower than the national average
  • Brandon housing is 8% higher 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 Brandon

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Compare Brandon, MS Cost of Living

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      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$87,732$7,311$2,047$2,632
      Renters$51,849$4,321$1,210$1,556
      A good way to judge both the affordability of the housing and the cost of living in Brandon 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. Brandon has a median income of about $87,732 for people who own homes. Based on that number, a maximum of $2,047 should be spent on expenses related to housing. Renters have a slightly different median income, which is $51,849. Based on this average, renters should spend no more than $1,210 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%

      Goods & Services

      Item Brandon National avg. Difference
      Haircut $22.50$24.267.3%
      Beauty Salon $41.67$45.568.6%
      Toothpaste $3.62$3.702.1%
      Shampoo $1.24$1.283.2%
      Movie $13.59$12.1312.0%
      Bowling $20.00$18.0011.1%

      Groceries

      Item Brandon National avg. Difference
      Ground Beef $6.19$5.846.0%
      Fried Chicken $1.67$1.576.4%
      Milk $4.64$4.670.8%
      Potatoes $5.10$4.933.3%
      Pizza $12.66$12.094.7%
      Beer $9.66$10.417.2%

      Health Care

      Item Brandon National avg. Difference
      Optometrist $106.25$125.6815.5%
      Doctor $134.71$135.780.8%
      Dentist $121.33$113.297.1%
      Ibuprofen $10.31$10.653.2%
      Lipitor $495.95$468.605.8%

      Housing

      Item Brandon National avg. Difference
      Home Price $202,500.00$184,700.009.6%
      Avg. Mortgage Payment $1,763.83$2,346.6924.8%
      Apartment Rent $981.00$949.003.4%

      Transportation

      Item Brandon National avg. Difference
      Gasoline $3.02$3.4612.7%
      Tire Balancing $38.33$59.9236.0%

      Utilities

      Item Brandon National avg. Difference
      All Electricity $141.59$193.9927.0%
      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.
      Robinhood, MS1,2957921.4%
      Jackson, MS163,7788317.0%
      Cleary, MS1,8418316.7%
      Richland, MS7,2038613.6%
      Pelahatchie, MS1,9028713.1%
      Brandon, MS24,088973.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      North Lynnwood, WA24,08414342.6%
      Peekskill, NY24,11112625.9%
      Somerset, NJ24,11912828.2%
      Waverly, MI24,050946.0%
      Camas, WA24,04314039.6%
      Brandon, MS24,088973.2%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.