| Index | Water Valley | Mississippi | National |
| Cost of living | 77 | 83 | 100 |
| Goods & Services | 86 | 92 | 100 |
| Groceries | 96 | 97 | 100 |
| Health care | 86 | 98 | 100 |
| Housing | 51 | 63 | 100 |
| Transportation | 89 | 88 | 100 |
| Utilities | 85 | 86 | 100 |
| Cost of living index | |
| Goods & Services index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $47,357 | $3,946 | $1,105 | $1,421 |
| Renters | $21,646 | $1,804 | $505 | $649 |
| State | General Sales Tax | With Max Surtax |
| Mississippi | 7% | 7.25% |
| State | Income Tax (Low) | Income Tax (High) |
| Mississippi | 5% | 5% |
| Item | Water Valley | 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% |
| Item | Water Valley | 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% |
| Item | Water Valley | 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% |
| Item | Water Valley | National avg. | Difference |
| Home Price | $98,800.00 | $184,700.00 | 46.5% |
| Avg. Mortgage Payment | $1,755.69 | $2,346.69 | 25.2% |
| Apartment Rent | $418.00 | $949.00 | 56.0% |
| Item | Water Valley | National avg. | Difference |
| Gasoline | $3.00 | $3.46 | 13.4% |
| Tire Balancing | $57.33 | $59.92 | 4.3% |
| Item | Water Valley | National avg. | Difference |
| All Electricity | $148.63 | $193.99 | 23.4% |
| Phone | $186.87 | $192.25 | 2.8% |
| City | Population | Cost of Living Index | National Avg. |
| University, MS | 3,749 | 88 | 12.1% |
| Coffeeville, MS | 1,013 | 77 | 23.2% |
| Taylor, MS | 298 | 89 | 10.8% |
| Oxford, MS | 27,662 | 101 | 1.4% |
| Water Valley, MS | 3,300 | 77 | 23.3% |
| City | Population | Cost of Living Index | National Avg. |
| Heron Bay, GA | 3,300 | 105 | 4.6% |
| Hartford, SD | 3,300 | 91 | 9.1% |
| Elma, WA | 3,299 | 107 | 7.0% |
| Pagedale, MO | 3,301 | 81 | 19.3% |
| Southampton, NY | 3,301 | 278 | 177.5% |
| Water Valley, MS | 3,300 | 77 | 23.3% |
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