Cost Of Living in Waveland, 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	Waveland	Mississippi	National
Cost of living	92	83	100
Goods & Services	103	92	100
Groceries	96	97	100
Health care	114	98	100
Housing	82	63	100
Transportation	92	88	100
Utilities	78	86	100

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Cost Of Living Quick Facts

The cost of living in Waveland is 11% higher than the Mississippi average
The cost of living in Waveland is 8% lower than the national average
Waveland housing is 18% 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	$88,373	$7,364	$2,062	$2,651
Renters	$26,962	$2,247	$629	$809

The affordability of the housing market in Waveland, 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 Waveland homeowners, the median income is $88,373. This indicates that a monthly maximum of $2,062 should be spent by homeowners on all housing related costs. Renters have a median income of $26,962. This indicates that renters would have a maximum of $629 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	Waveland	National avg.	Difference
Haircut	$21.67	$24.26	10.7%
Beauty Salon	$43.17	$45.56	5.3%
Toothpaste	$3.57	$3.70	3.6%
Shampoo	$1.22	$1.28	4.5%
Movie	$13.30	$12.13	9.6%
Bowling	$12.33	$18.00	31.5%

Groceries

Item	Waveland	National avg.	Difference
Ground Beef	$6.15	$5.84	5.3%
Fried Chicken	$1.39	$1.57	11.6%
Milk	$4.55	$4.67	2.5%
Potatoes	$5.31	$4.93	7.5%
Pizza	$12.61	$12.09	4.3%
Beer	$10.23	$10.41	1.7%

Health Care

Item	Waveland	National avg.	Difference
Optometrist	$128.17	$125.68	2.0%
Doctor	$127.78	$135.78	5.9%
Dentist	$129.44	$113.29	14.3%
Ibuprofen	$10.46	$10.65	1.8%
Lipitor	$482.03	$468.60	2.9%

Housing

Item	Waveland	National avg.	Difference
Home Price	$155,200.00	$184,700.00	16.0%
Avg. Mortgage Payment	$1,882.94	$2,346.69	19.8%
Apartment Rent	$730.00	$949.00	23.1%

Transportation

Item	Waveland	National avg.	Difference
Gasoline	$3.14	$3.46	9.2%
Tire Balancing	$68.00	$59.92	13.5%

Utilities

Item	Waveland	National avg.	Difference
All Electricity	$149.86	$193.99	22.8%
Phone	$186.90	$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.
Pearlington, MS	803	84	15.6%
Kiln, MS	2,462	93	6.8%
Long Beach, MS	15,829	96	4.4%
Diamondhead, MS	8,076	97	3.4%
Henderson Point, MS	276	97	3.3%
Waveland, MS	6,352	92	7.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Sidney, MT	6,351	104	4.0%
Johnsburg, IL	6,354	111	10.7%
Ramtown, NJ	6,354	134	34.1%
Champion Heights, OH	6,354	87	13.4%
Saint-Calixte, QC	6,354	n/a
Waveland, MS	6,352	92	7.6%

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 Waveland, MS