Meridian, MS Cost Of Living

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

Cost Of Living In Meridian, MS Summary

Cost of living in Meridian 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 Meridian 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 Meridian is 83, with 100 being the average.

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

  • Meridian ranks as the #30 cheapest in Mississippi out of 69.

  • Meridian ranks as the #491 cheapest out of 6,412 in the US.

  • The median home value in Meridian is $92,100.

  • The median income in Meridian is $31,198.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
83
Meridian's Overall Cost Of Living
0.8x
Lower Than The National Average

What is the cost of living in Meridian, MS?

According to the most recent data on the cost of living, Meridian has an overall cost of living index of 83, which is 0.8x lower than the national index of 100.

Compared to Mississippi, Meridian has a cost of living index that's 1.0x lower than Mississippi's index of 86.

The standard of living in Meridian ranks as #30 most affordable out of the 69 places we measured in Mississippi. By definition, that implies Meridian ranks as the #39 most expensive place in the Magnolia State.

For more reading on life in Meridian, check out:

30 out of 69
In Mississippi
491 out of 6,412
In America

Meridian Cost Of Living Vs. Mississippi

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

  • The Services index in Meridian is 94.

  • The Groceries index in Meridian is 95.

  • The Health index in Meridian is 95.

  • The Housing index in Meridian is 54.

  • The Transportation index in Meridian is 88.

  • The Utilities index in Meridian is 97.

Living Expense Meridian Mississippi National Average
Overall 83 86 100
Services 94 92 100
Groceries 95 94 100
Health 95 98 100
Housing 54 69 100
Transportation 88 91 100
Utilities 97 87 100
For more reading on cost of living around Mississippi, check out:
Meridian Cost of Living Vs. MS

Meridian, 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 Meridian is $92,100.

  • The Median Rent in Meridian is $748.

  • The Median Income in Meridian is $31,198.

  • The Home Value To Income in Meridian is 3.0x.

  • The Rent To Monthly Income in Meridian is 0.29x.

Statistic Meridian Mississippi United States
Median Home Value $92,100 $133,000 $244,900
Median Rent $748 $830 $1,163
Median Income $31,198 $49,111 $69,021
Home Value To Income 3.0x 2.7x 3.5x
Rent To Monthly Income 0.29x 0.2x 0.2x
Search Homes For Sale In Meridian, MS
$92,100
Median Home Value
$748
Median Rent
$31,198
Median Income

Meridian, MS Costs By Category

Detailed Meridian Services Costs Vs. Mississippi

Item Meridian Mississippi
Shampoo $0.96 $1.06
Movie $10.7 $10.68
Bowling $10.33 $14.67
Haircut $15.67 $18.62
Beauty Salon $34.83 $39.05

Detailed Meridian Groceries Costs Vs. Mississippi

Item Meridian Mississippi
Ground Beef $3.63 $4.22
Fried Chicken $1.15 $1.39
Milk $1.98 $2.05
Potatoes $4.0 $3.29
Pizza $10.04 $10.62
Beer $8.01 $9.38
Toothpaste $1.87 $2.34

Detailed Meridian Health Costs Vs. Mississippi

Item Meridian Mississippi
Optometrist $98.11 $108.57
Doctor $90.14 $116.17
Dentist $104.83 $99.13

Detailed Meridian Transportation Costs Vs. Mississippi

Item Meridian Mississippi
Gasoline $1.9 $2.22
Tire Balancing $45.84 $50.07

Detailed Meridian Utilities Costs Vs. Mississippi

Item Meridian Mississippi
All Electricity $160.67 $167.67
Phone $180.88 $175.64

Meridian SnackAbility

5
/10
Overall SnackAbility
Jobs
4/10
Housing
4
Affordability
6
Diversity
8.5
Safety
N/A
Amenities
8
Education
6
Commute
9

Cost Of Living In Cities Around Meridian

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

  • Philadelphia, MS has a cost of living index of 80, 1.0x Meridian.

  • Forest, MS has a cost of living index of 77, 0.9x Meridian.

City Population Cost Of Living Vs. Meridian
Philadelphia, MS 7,107 80 1.0x
Forest, MS 5,464 77 0.9x

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