Cheapest Places to Live in Mississippi

Mississippi, with its rich cultural heritage, beautiful landscapes, and southern charm, offers a unique and affordable living experience. Landmarks such as the Natchez Trace Parkway, the Mississippi Civil Rights Museum, and the Vicksburg National Military Park highlight the state's attractions. The state's economy is largely driven by sectors such as agriculture, manufacturing, and healthcare. Mississippi's tax structure includes relatively low income and property taxes, contributing to its overall affordability. Despite recent inflation and rising food costs, Mississippi remains one of the more affordable states in the southern region, especially in its smaller towns and rural areas. The combination of a diverse economy and manageable living costs makes Mississippi an attractive place for those seeking affordability and quality of life.

Affordable living in Mississippi can often be found in smaller towns and suburban areas where housing costs and everyday expenses are lower. These regions provide a more manageable cost of living, which is essential for maintaining financial stability. Affordability is a crucial factor in livability, as it allows residents to enjoy a comfortable standard of living without undue financial strain. Factors contributing to the cheapest places to live in Mississippi include lower housing demand in less populated areas, supportive local economic policies, and efficient public services. Utilizing C2ER's cost of living data helps to identify these affordable regions, ensuring that potential residents can make informed decisions. In a state known for its cultural richness and economic opportunities, finding affordable living options enhances the overall living experience.

Aberdeen Population: 5,302 9% cheaper than Mississippi average

Med. Home Value: $81,200 Med. Rent: $575 Med. Household Inc.: $42,257

With a cost of living index that is 9% cheaper than the state average, Aberdeen is the cheapest place to live in Mississippi. This area offers residents a remarkable blend of relatively low housing costs, budget-friendly grocery prices, affordable utilities, and economical health care services, making it an attractive destination for those seeking to stretch their dollars further. Whether you're a young professional, a growing family, or someone looking to enjoy a more relaxed pace of life, Aberdeen provides an inviting and cost-effective environment to call home.

Greenville Population: 29,854 7% cheaper than Mississippi average

Med. Home Value: $79,900 Med. Rent: $720 Med. Household Inc.: $29,013

The second most affordable city in Mississippi is Greenville and stands out for its cost-effective lifestyle. With an overall cost of living that is 7% cheaper than the Mississippi average, overall goods and services, housing, utilities, transportation and health care costs fall within a reasonable range. Median household income levels are steady and come in at , which helps to increase the purchasing power of the local residents.

Clarksdale Population: 15,342 6% cheaper than Mississippi average

Med. Home Value: $65,100 Med. Rent: $613 Med. Household Inc.: $30,603

Clarksdale lands in the #3 spot for the cheapest cities to live in Mississippi, with a cost of living that is 6% cheaper than the state average. With home prices averaging and rental rates coming in around , it helps that household income levels average about , which assists with paying the mortgage or your monthly rent. Its robust public school system and accessible health care further enhance its appeal, making it a great place to settle down. The strong community spirit and ample recreational opportunities add to its charm.

West Point Population: 10,517 6% cheaper than Mississippi average

Med. Home Value: $93,300 Med. Rent: $683 Med. Household Inc.: $30,399

The cost of everyday grocery items, goods & services and of course housing, can have a significant impact on the overall cost of living in any area. West Point offers a picturesque and affordable living environment, with a cost of living that is 6% cheaper than the state average. Everyday items like ground beef , eggs , coffee and pizza are all fairly reasonable compared to most other cities, which helps reduce those grocery bills. Home prices are also fairly affordable (compared to the state average), coming in at around .

Ripley Population: 5,268 5% cheaper than Mississippi average

Med. Home Value: $111,500 Med. Rent: $512 Med. Household Inc.: $47,426

For those wanting to live well on a budget, Ripley is ideal, with a cost of living that is 5% cheaper than the state average. Reasonable housing prices (compared to the Mississippi average) of and rental prices of are paired with economical goods and services and a range of free or low-cost recreational activities. The city's proactive economic development initiatives also ensure a steady stream of job opportunities, making it a smart choice for those prioritizing financial ease.

Grenada Population: 12,349 5% cheaper than Mississippi average

Med. Home Value: $98,100 Med. Rent: $674 Med. Household Inc.: $31,322

Grenada comes in at #6 on our list of the cheapest cities in Mississippi and is a haven for those seeking affordability without sacrificing convenience. The city is known for its discount shopping centers and budget-friendly dining options and has a cost of living that is 5% cheaper than Mississippi. The city's local markets provide fresh produce and other groceries at reduced prices, while parks and community centers offer free entertainment and leisure. This city is perfect for enjoying a high quality of life at a low cost.

Yazoo City Population: 10,806 5% cheaper than Mississippi average

Med. Home Value: $70,100 Med. Rent: $719 Med. Household Inc.: $24,730

With its cost-effective lifestyle, Yazoo City is an attractive destination for those looking to live affordably. The city boasts suitable housing costs, affordable healthcare, and a variety of budget-friendly dining options. The community is welcoming and vibrant, providing residents with a rich social life at a fraction of the cost. Median income levels come in at , which provides financial stability, purchasing power and increases the quality of life in the city.

Greenwood Population: 13,826 4% cheaper than Mississippi average

Med. Home Value: $88,300 Med. Rent: $557 Med. Household Inc.: $32,565

A lower cost of living allows individuals to manage their expenses more effectively, reducing the risk of financial stress and debt. When essential costs such as housing, food, transportation, and healthcare are more affordable, people can achieve greater financial stability and resilience. Greenwood fits that mold and has a cost of living that is 4% cheaper than Mississippi.

Booneville Population: 8,539 3% cheaper than Mississippi average

Med. Home Value: $127,400 Med. Rent: $510 Med. Household Inc.: $42,225

Lower living costs can lead to a higher quality of life by making it easier for people to afford comfortable housing, nutritious food, and access to healthcare. It can also provide opportunities for better education, recreational activities, and community engagement, contributing to overall well-being. Booneville is one of the most affordable cities in Mississippi, and has a cost of living that is 3% cheaper than the state average.

Kosciusko Population: 6,778 3% cheaper than Mississippi average

Med. Home Value: $104,900 Med. Rent: $465 Med. Household Inc.: $25,684

With a cost of living that is 3% cheaper than Mississippi, Kosciusko comes in at #10 on our list of the cheapest places to live in Mississippi. Financial stress is a significant factor affecting mental and physical health. By lowering the cost of living, individuals can experience reduced anxiety related to meeting monthly expenses, thereby improving overall health and well-being. The ability to afford basic necessities without constant worry contributes to a more balanced and fulfilling life.

Full list of the cheapest places in Mississippi

Rank	Location	Population	COL Index	Med. Home Value	Med. Household Inc.
1	Aberdeen	5,302	76	$81,200	$42,257
2	Greenville	29,854	78	$79,900	$29,013
3	Clarksdale	15,342	78	$65,100	$30,603
4	West Point	10,517	79	$93,300	$30,399
5	Ripley	5,268	79	$111,500	$47,426
6	Grenada	12,349	79	$98,100	$31,322
7	Yazoo City	10,806	79	$70,100	$24,730
8	Greenwood	13,826	80	$88,300	$32,565
9	Booneville	8,539	81	$127,400	$42,225
10	Kosciusko	6,778	81	$104,900	$25,684
11	New Albany	8,723	81	$111,200	$41,975
12	Meridian	37,252	81	$84,300	$30,088
13	Indianola	9,258	81	$90,300	$30,866
14	Forest	5,569	81	$98,500	$43,382
15	Holly Springs	7,727	81	$86,400	$34,779
16	Columbia	5,940	81	$79,800	$23,983
17	Brookhaven	12,045	82	$93,300	$31,488
18	Philadelphia	7,137	82	$88,300	$39,472
19	Columbus	23,853	82	$115,100	$34,551
20	Amory	6,873	82	$126,100	$43,209
21	Louisville	6,063	83	$100,500	$31,875
22	McComb	12,788	83	$89,900	$30,197
23	Leakesville	5,443	83	$91,800	$30,833
24	Natchez	14,854	83	$99,500	$26,800
25	Jackson	163,778	83	$91,400	$40,064
26	Vicksburg	22,045	84	$111,100	$34,242
27	Canton	11,943	84	$106,300	$32,158
28	Laurel	18,403	84	$93,200	$34,114
29	Pontotoc	6,070	84	$143,000	$49,250
30	Corinth	14,544	85	$133,700	$33,981
31	Tupelo	38,251	86	$148,900	$54,691
32	Moss Point	13,396	86	$96,400	$45,763
33	Richland	7,203	86	$114,600	$47,061
34	Saltillo	5,026	87	$141,500	$59,884
35	Pascagoula	21,732	87	$114,300	$41,167
36	Hattiesburg	46,010	87	$110,500	$36,111
37	Cleveland	11,363	88	$133,300	$35,907
38	Horn Lake	27,234	88	$114,300	$52,181
39	Senatobia	7,759	88	$145,700	$56,053
40	Picayune	11,016	88	$116,500	$31,349
41	Pearl	26,462	88	$131,600	$50,614
42	Starkville	25,495	89	$178,000	$35,300
43	St. Martin	8,211	89	$119,800	$52,931
44	Petal	10,624	90	$136,900	$57,565
45	Batesville	7,200	91	$159,300	$46,507
46	Byram	11,519	91	$142,300	$67,318
47	Gulfport	71,660	91	$132,700	$40,554
48	Latimer	6,148	91	$144,200	$68,905
49	Gautier	18,436	91	$139,000	$51,382
50	West Hattiesburg	5,944	92	$151,800	$40,617

Methodology

To formulate the list of the cheapest places to live in Mississippi, AreaVibes utilized comprehensive data from the Council for Community and Economic Research (C2ER) cost of living index. The report is released annually and offers a detailed comparison of living expenses across various urban areas. The data is meticulously gathered by over 300 independent researchers, ensuring a high level of accuracy and reliability. The C2ER index encompasses more than 60 goods and services, categorized into six essential areas that significantly impact the cost of living. These categories and their respective weightings in the index are as follows: goods and services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%), and utilities (10%).

Map of Cost of Living by State

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The map above is a great way to help you discover the most affordable states across the U.S. By highlighting states with the lowest cost of living, this map provides an in-depth look at where you can get the most value for your money. By visually representing this data, the map allows users to easily compare different regions and make informed decisions about potential relocations or investments. Additionally, it provides valuable insights into the economic conditions and lifestyle factors that influence these cost of living statistics. Whether you're planning a move, considering a new job, or simply curious about the economic landscape, this map is a useful resource for understanding and navigating the financial implications of living in different states.