A+
17%
Overall NAT. AVG.
6%
Goods & Services NAT. AVG.
45%
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 Natchez Mississippi National
Cost of living8383100
Goods & Services9492100
Groceries9697100
Health care8598100
Housing5563100
Transportation9888100
Utilities9886100

An Overview of Cost of Living in Natchez, MS

The cost of living in Natchez 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 Natchez is 83, which is 17% lower than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

Housing expenses often consume a significant portion of your net income, occasionally surpassing 30%. Fortunately, housing costs in Natchez are 44.6% below the national average. This highlights the region's exceptional affordability for both homeownership and rentals in comparison to the rest of the country. This favorable housing situation allows residents to allocate a more reasonable fraction of their income to housing, resulting in enhanced financial flexibility and improved overall financial well-being.

Is Natchez Affordable?

Is Natchez an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Natchez, the median home price is 46.1% lower than what most folks pay across the country, and monthly rent prices are 41% lower than the usual rates. Income levels in Natchez come in at $26,800, which is 51.6% lower than the national average.

What Factors can Influence the Cost of Living in Natchez?

Housing: A sought-after location with high housing demand often leads to increased property values and rental rates, which can significantly inflate the overall cost of living. Conversely, areas with low housing demand, particularly in less desirable locales, tend to experience the opposite effect, causing prices to drop and contributing to a more affordable cost of living. In Natchez, the housing index stands at 44.6% lower than the national average.

Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday goods and services, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Natchez, the standard sales tax rate starts at 7%, and the income tax rates commence at 0%.

Utilities: Much like any other costs, utility expenses can exhibit considerable variations, influenced by factors such as climate, available energy sources, geographic location and state regulations. The costs associated with electricity, water, heating, and waste disposal can vary significantly depending on the city or state in question. In Natchez, the utilities index stands at 2.2% lower than the national average.

Where is the Data From?

The Natchez cost of living data you see above is sourced from the C2ER cost of living index, providing a practical and accurate means of comparing living expenses in urban areas. Updated quarterly, this index gathers data from over 300 independent researchers, covering more than 60 goods and services, in 6 different categories. These selections are made meticulously to represent a wide range of consumer expenditure categories. The weightings applied to cost differences are based on government survey data that tracks spending patterns among professional and executive households. It's important to note that while the C2ER index excludes data on sales or income tax rates, AreaVibes factors tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in Natchez is equal to the Mississippi average
  • The cost of living in Natchez is 17% lower than the national average
  • Natchez housing is 45% 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 Natchez

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Compare Natchez, 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$43,533$3,628$1,016$1,306
      Renters$15,258$1,272$356$458
      To approximate the cost of living and the housing affordability in Natchez, 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 Natchez have a median income of $43,533. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,016 per month to avoid calamity and poverty. The renters in the city have an income of about $15,258, which would make their monthly maximum allowable rental costs $356.

      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 Natchez National avg. Difference
      Haircut $23.17$24.264.5%
      Beauty Salon $35.17$45.5622.8%
      Toothpaste $3.68$3.700.6%
      Shampoo $1.07$1.2816.4%
      Movie $10.30$12.1315.1%
      Bowling $15.00$18.0016.7%

      Groceries

      Item Natchez National avg. Difference
      Ground Beef $5.99$5.842.7%
      Fried Chicken $1.69$1.577.4%
      Milk $4.49$4.673.9%
      Potatoes $5.07$4.932.8%
      Pizza $11.12$12.098.0%
      Beer $9.97$10.414.2%

      Health Care

      Item Natchez National avg. Difference
      Optometrist $135.00$125.687.4%
      Doctor $79.00$135.7841.8%
      Dentist $99.88$113.2911.8%
      Ibuprofen $10.05$10.655.7%
      Lipitor $509.31$468.608.7%

      Housing

      Item Natchez National avg. Difference
      Home Price $99,500.00$184,700.0046.1%
      Avg. Mortgage Payment $1,793.84$2,346.6923.6%
      Apartment Rent $560.00$949.0041.0%

      Transportation

      Item Natchez National avg. Difference
      Gasoline $3.16$3.468.8%
      Tire Balancing $67.80$59.9213.1%

      Utilities

      Item Natchez National avg. Difference
      All Electricity $190.12$193.992.0%
      Phone $186.90$192.252.8%
      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.
      Cloverdale, MS622955.3%
      Ridgecrest, LA6807723.3%
      Ferriday, LA3,2478019.8%
      Minorca, LA1,7278317.0%
      Morgantown, MS1,8228415.9%
      Natchez, MS14,8548317.1%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Glen Allen, VA14,8421099.4%
      West Richland, WA14,84211616.3%
      Sunset, FL14,86913433.8%
      Oldsmar, FL14,8241077.1%
      Kilgore, TX14,824919.0%
      Natchez, MS14,8548317.1%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.