Petal, MS Cost Of Living

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

Cost Of Living In Petal, MS Summary

Cost of living in Petal 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 Petal 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 Petal is 91, with 100 being the average.

  • The cost of living index in Petal is 0.9x lower than the national average.

  • Petal ranks as the #53 cheapest in Mississippi out of 69.

  • Petal ranks as the #1,804 cheapest out of 6,412 in the US.

  • The median home value in Petal is $141,400.

  • The median income in Petal is $55,407.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
91
Petal's Overall Cost Of Living
0.9x
Lower Than The National Average

What is the cost of living in Petal, MS?

According to the most recent data on the cost of living, Petal has an overall cost of living index of 91, which is 0.9x lower than the national index of 100.

Compared to Mississippi, Petal has a cost of living index that's 1.1x higher than Mississippi's index of 86.

The standard of living in Petal ranks as #53 most affordable out of the 69 places we measured in Mississippi. By definition, that implies Petal ranks as the #16 most expensive place in the Magnolia State.

For more reading on life in Petal, check out:

53 out of 69
In Mississippi
1,804 out of 6,412
In America

Petal Cost Of Living Vs. Mississippi

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

  • The Services index in Petal is 91.

  • The Groceries index in Petal is 103.

  • The Health index in Petal is 92.

  • The Housing index in Petal is 75.

  • The Transportation index in Petal is 91.

  • The Utilities index in Petal is 97.

Living Expense Petal Mississippi National Average
Overall 91 86 100
Services 91 92 100
Groceries 103 94 100
Health 92 98 100
Housing 75 69 100
Transportation 91 91 100
Utilities 97 87 100
For more reading on cost of living around Mississippi, check out:
Petal Cost of Living Vs. MS

Petal, 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 Petal is $141,400.

  • The Median Rent in Petal is $935.

  • The Median Income in Petal is $55,407.

  • The Home Value To Income in Petal is 2.6x.

  • The Rent To Monthly Income in Petal is 0.2x.

Statistic Petal Mississippi United States
Median Home Value $141,400 $133,000 $244,900
Median Rent $935 $830 $1,163
Median Income $55,407 $49,111 $69,021
Home Value To Income 2.6x 2.7x 3.5x
Rent To Monthly Income 0.2x 0.2x 0.2x
Search Homes For Sale In Petal, MS
$141,400
Median Home Value
$935
Median Rent
$55,407
Median Income

Petal, MS Costs By Category

Detailed Petal Services Costs Vs. Mississippi

Item Petal Mississippi
Shampoo $1.21 $1.06
Movie $11.11 $10.68
Bowling $15.5 $14.67
Haircut $18.72 $18.62
Beauty Salon $36.49 $39.05

Detailed Petal Groceries Costs Vs. Mississippi

Item Petal Mississippi
Ground Beef $4.02 $4.22
Fried Chicken $1.3 $1.39
Milk $2.37 $2.05
Potatoes $3.53 $3.29
Pizza $9.49 $10.62
Beer $9.39 $9.38
Toothpaste $2.13 $2.34

Detailed Petal Health Costs Vs. Mississippi

Item Petal Mississippi
Optometrist $105.7 $108.57
Doctor $95.9 $116.17
Dentist $88.87 $99.13

Detailed Petal Transportation Costs Vs. Mississippi

Item Petal Mississippi
Gasoline $1.88 $2.22
Tire Balancing $49.67 $50.07

Detailed Petal Utilities Costs Vs. Mississippi

Item Petal Mississippi
All Electricity $153.76 $167.67
Phone $180.88 $175.64

Petal SnackAbility

8
/10
Overall SnackAbility
Jobs
8/10
Housing
6
Affordability
8.5
Diversity
8
Safety
9
Amenities
7
Education
8
Commute
8

Cost Of Living In Cities Around Petal

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

  • Hattiesburg, MS has a cost of living index of 87, 1.0x Petal.

  • Laurel, MS has a cost of living index of 81, 0.9x Petal.

  • West Hattiesburg, MS has a cost of living index of 90, 1.0x Petal.

City Population Cost Of Living Vs. Petal
Hattiesburg, MS 47,074 87 1.0x
Laurel, MS 17,375 81 0.9x
West Hattiesburg, MS 6,447 90 1.0x
Columbia, MS 5,998 81 0.9x

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