Cost Of Living in Falkner, MS

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	Falkner	Mississippi	National
Cost of living	77	83	100
Goods & Services	86	92	100
Groceries	96	97	100
Health care	86	98	100
Housing	52	63	100
Transportation	89	88	100
Utilities	85	86	100

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Cost Of Living Quick Facts

The cost of living in Falkner is 8% lower than the Mississippi average
The cost of living in Falkner is 23% lower than the national average
Falkner housing is 48% 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
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	$61,667	$5,139	$1,439	$1,850
Renters	$37,500	$3,125	$875	$1,125

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	Falkner	National avg.	Difference
Haircut	$23.45	$24.26	3.4%
Beauty Salon	$26.75	$45.56	41.3%
Toothpaste	$3.71	$3.70	0.3%
Shampoo	$1.06	$1.28	17.2%
Movie	$10.65	$12.13	12.3%
Bowling	$12.50	$18.00	30.6%

Groceries

Item	Falkner	National avg.	Difference
Ground Beef	$6.01	$5.84	2.9%
Fried Chicken	$1.62	$1.57	3.3%
Milk	$4.51	$4.67	3.4%
Potatoes	$5.06	$4.93	2.5%
Pizza	$11.06	$12.09	8.5%
Beer	$9.17	$10.41	12.0%

Health Care

Item	Falkner	National avg.	Difference
Optometrist	$120.17	$125.68	4.4%
Doctor	$78.94	$135.78	41.9%
Dentist	$108.33	$113.29	4.4%
Ibuprofen	$10.05	$10.65	5.7%
Lipitor	$486.28	$468.60	3.8%

Housing

Item	Falkner	National avg.	Difference
Home Price	$92,500.00	$184,700.00	49.9%
Avg. Mortgage Payment	$1,755.69	$2,346.69	25.2%
Apartment Rent	$525.00	$949.00	44.7%

Transportation

Item	Falkner	National avg.	Difference
Gasoline	$3.00	$3.46	13.4%
Tire Balancing	$57.33	$59.92	4.3%

Utilities

Item	Falkner	National avg.	Difference
All Electricity	$148.63	$193.99	23.4%
Phone	$186.87	$192.25	2.8%

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.
Blue Mountain, MS	1,222	73	26.8%
Walnut, MS	1,253	78	22.0%
Ashland, MS	492	77	22.6%
Grand Junction, TN	388	81	19.1%
Dumas, MS	404	78	22.0%
Falkner, MS	921	77	23.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Tres Pinos, CA	921	198	98.1%
Terramuggus, CT	921	128	28.1%
Coleman, FL	921	84	15.7%
Eldon, IA	921	82	18.1%
Patoka, IN	921	83	16.8%
Falkner, MS	921	77	23.0%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Falkner, MS