A+
16%
Overall NAT. AVG.
5%
Goods & Services NAT. AVG.
36%
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 Vicksburg Mississippi National
Cost of living8483100
Goods & Services9592100
Groceries9997100
Health care10298100
Housing6463100
Transportation8188100
Utilities8386100

An Overview of Cost of Living in Vicksburg, MS

Getting a feel for the cost of living in Vicksburg is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Vicksburg is 84, which is 16% lower than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.

Is Vicksburg Affordable?

Is Vicksburg affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Vicksburg, for instance, where the median home price falls 39.8% lower than the national average, and monthly rent rates are 25.4% lower than usual. Additionally, median income levels contribute to the equation, with Vicksburg flaunting a median household income of $34,242, 38.1% lower than the national norm.

What Factors can Influence the Cost of Living in Vicksburg?

Taxes: Regions that impose higher taxes, including sales and income taxes, can contribute to an increased cost of living. Higher taxes for everyday necessities such as clothing, utilities and food inevitably leads to higher expenditures. Additionally, a higher income tax rate can also play a role in elevating the overall cost of living. In Vicksburg, the prevailing sales tax rate starts at 7%, and income tax rates kick off at 0%.

Healthcare: Healthcare expenses and insurance premiums can vary significantly depending on the specific city or state. Factors such as accessibility to healthcare facilities, out-of-pocket expenses for doctor's visits, dental care expenses, prescription costs and specialized medical care fees can all influence the overall cost of living. In Vicksburg, healthcare costs are 1.6% higher than the national average.

Housing: Elevated demand for housing within coveted locales has the propensity to escalate both property values and rental rates, thereby serving as a primary catalyst for an augmented cost of living. Conversely, areas witnessing diminished housing demand, particularly within less desirable environs, often experience an inversely proportional effect, leading to price reductions and subsequently contributing to a more modest cost of living. In Vicksburg, the housing index is 35.5% lower than the national average.

Where is the Data From?

The Vicksburg 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.

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Cost Of Living Quick Facts

  • The cost of living in Vicksburg is 1% higher than the Mississippi average
  • The cost of living in Vicksburg is 16% lower than the national average
  • Vicksburg housing is 36% 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 Vicksburg

See all the best places to live around Vicksburg

Compare Vicksburg, 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$45,919$3,827$1,071$1,378
      Renters$22,368$1,864$522$671
      The affordability of the housing market in Vicksburg, MS as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Vicksburg homeowners, the median income is $45,919. This indicates that a monthly maximum of $1,071 should be spent by homeowners on all housing related costs. Renters have a median income of $22,368. This indicates that renters would have a maximum of $522 for their rent related monthly costs.

      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 Vicksburg 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 Vicksburg 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 Vicksburg 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 Vicksburg National avg. Difference
      Home Price $111,100.00$184,700.0039.8%
      Avg. Mortgage Payment $1,763.83$2,346.6924.8%
      Apartment Rent $708.00$949.0025.4%

      Transportation

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

      Utilities

      Item Vicksburg 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.
      Delta, LA2708515.3%
      Beechwood, MS3,007937.5%
      Mound, LA1411616.5%
      Vicksburg, MS22,0458416.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Happy Valley, OR22,04915252.0%
      Fairhope, AL22,03511615.9%
      King of Prussia, PA22,02812524.9%
      Essex, ON22,025n/a 
      Huntsville, ON22,073n/a 
      Vicksburg, MS22,0458416.2%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.