Booneville, MS Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Booneville, MS Summary

Cost of living in Booneville research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Booneville is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Mississippi, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Booneville is 79, with 100 being the average.

  • The cost of living index in Booneville is 0.8x lower than the national average.

  • Booneville ranks as the #8 cheapest in Mississippi out of 69.

  • Booneville ranks as the #155 cheapest out of 6,412 in the US.

  • The median home value in Booneville is $120,300.

  • The median income in Booneville is $41,992.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
79
Booneville's Overall Cost Of Living
0.8x
Lower Than The National Average

What is the cost of living in Booneville, MS?

According to the most recent data on the cost of living, Booneville has an overall cost of living index of 79, which is 0.8x lower than the national index of 100.

Compared to Mississippi, Booneville has a cost of living index that's 0.9x lower than Mississippi's index of 86.

The standard of living in Booneville ranks as #8 most affordable out of the 69 places we measured in Mississippi. By definition, that implies Booneville ranks as the #61 most expensive place in the Magnolia State.

For more reading on life in Booneville, check out:

8 out of 69
In Mississippi
155 out of 6,412
In America

Booneville Cost Of Living Vs. Mississippi

Six factors go into calculating the cost of living index in Booneville. Here is how it fairs on each of the criteria:

  • The Services index in Booneville is 88.

  • The Groceries index in Booneville is 85.

  • The Health index in Booneville is 79.

  • The Housing index in Booneville is 58.

  • The Transportation index in Booneville is 90.

  • The Utilities index in Booneville is 86.

Living Expense Booneville Mississippi National Average
Overall 79 86 100
Services 88 92 100
Groceries 85 94 100
Health 79 98 100
Housing 58 69 100
Transportation 90 91 100
Utilities 86 87 100
For more reading on cost of living around Mississippi, check out:
Booneville Cost of Living Vs. MS

Booneville, MS Housing Cost Breakdown

Housing swings affordability the most between places in Mississippi, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Booneville is $120,300.

  • The Median Rent in Booneville is $534.

  • The Median Income in Booneville is $41,992.

  • The Home Value To Income in Booneville is 2.9x.

  • The Rent To Monthly Income in Booneville is 0.15x.

Statistic Booneville Mississippi United States
Median Home Value $120,300 $133,000 $244,900
Median Rent $534 $830 $1,163
Median Income $41,992 $49,111 $69,021
Home Value To Income 2.9x 2.7x 3.5x
Rent To Monthly Income 0.15x 0.2x 0.2x
Search Homes For Sale In Booneville, MS
$120,300
Median Home Value
$534
Median Rent
$41,992
Median Income

Booneville, MS Costs By Category

Detailed Booneville Services Costs Vs. Mississippi

Item Booneville Mississippi
Shampoo $0.91 $1.06
Movie $9.75 $10.68
Bowling $10.0 $14.67
Haircut $16.33 $18.62
Beauty Salon $21.89 $39.05

Detailed Booneville Groceries Costs Vs. Mississippi

Item Booneville Mississippi
Ground Beef $3.44 $4.22
Fried Chicken $0.95 $1.39
Milk $1.03 $2.05
Potatoes $2.86 $3.29
Pizza $10.08 $10.62
Beer $8.7 $9.38
Toothpaste $1.63 $2.34

Detailed Booneville Health Costs Vs. Mississippi

Item Booneville Mississippi
Optometrist $97.78 $108.57
Doctor $58.33 $116.17
Dentist $81.11 $99.13

Detailed Booneville Transportation Costs Vs. Mississippi

Item Booneville Mississippi
Gasoline $1.91 $2.22
Tire Balancing $45.33 $50.07

Detailed Booneville Utilities Costs Vs. Mississippi

Item Booneville Mississippi
All Electricity $131.41 $167.67
Phone $181.26 $175.64

Booneville SnackAbility

5
/10
Overall SnackAbility
Jobs
7/10
Housing
4
Affordability
8
Diversity
8
Safety
N/A
Amenities
6
Education
6
Commute
9

Cost Of Living In Cities Around Booneville

The cost of living varies in the cities and towns around Booneville. Here's a quick look at the cost of living in the most populous nearby places:

  • Tupelo, MS has a cost of living index of 82, 1.0x Booneville.

  • Corinth, MS has a cost of living index of 82, 1.0x Booneville.

  • New Albany, MS has a cost of living index of 83, 1.1x Booneville.

City Population Cost Of Living Vs. Booneville
Tupelo, MS 37,872 82 1.0x
Corinth, MS 14,545 82 1.0x
New Albany, MS 7,657 83 1.1x
Savannah, TN 7,157 78 1.0x
Amory, MS 6,665 79 1.0x
Pontotoc, MS 5,621 80 1.0x
Ripley, MS 5,412 78 1.0x
Bolivar, TN 5,177 80 1.0x

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