Southaven, MS Cost Of Living
Cost Of Living In Southaven, MS Summary
Cost of living in Southaven 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 Southaven 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 Southaven is 88, with 100 being the average.
The cost of living index in Southaven is 0.9x lower than the national average.
Southaven ranks as the #42 cheapest in Mississippi out of 69.
Southaven ranks as the #1,278 cheapest out of 6,412 in the US.
The median home value in Southaven is $169,800.
The median income in Southaven is $67,157.
Table Of Contents
Southaven's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Southaven, MS?
According to the most recent data on the cost of living, Southaven has an overall cost of living index of 88, which is 0.9x lower than the national index of 100.
Compared to Mississippi, Southaven has a cost of living index that's 1.0x higher than Mississippi's index of 86.
The standard of living in Southaven ranks as #42 most affordable out of the 69 places we measured in Mississippi. By definition, that implies Southaven ranks as the #27 most expensive place in the Magnolia State.
For more reading on life in Southaven, check out:
- Living In Southaven
- Southaven Crime Report
- Search Homes For Sale In Southaven, MS
In Mississippi
In America
Southaven Cost Of Living Vs. Mississippi
Six factors go into calculating the cost of living index in Southaven. Here is how it fairs on each of the criteria:
The Services index in Southaven is 93.
The Groceries index in Southaven is 90.
The Health index in Southaven is 79.
The Housing index in Southaven is 81.
The Transportation index in Southaven is 86.
The Utilities index in Southaven is 91.
| Living Expense | Southaven | Mississippi | National Average | |
|---|---|---|---|---|
| Overall | 88 | 86 | 100 | |
| Services | 93 | 92 | 100 | |
| Groceries | 90 | 94 | 100 | |
| Health | 79 | 98 | 100 | |
| Housing | 81 | 69 | 100 | |
| Transportation | 86 | 91 | 100 | |
| Utilities | 91 | 87 | 100 | |
Southaven, 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 Southaven is $169,800.
The Median Rent in Southaven is $1,104.
The Median Income in Southaven is $67,157.
The Home Value To Income in Southaven is 2.5x.
The Rent To Monthly Income in Southaven is 0.2x.
| Statistic | Southaven | Mississippi | United States |
|---|---|---|---|
| Median Home Value | $169,800 | $133,000 | $244,900 |
| Median Rent | $1,104 | $830 | $1,163 |
| Median Income | $67,157 | $49,111 | $69,021 |
| Home Value To Income | 2.5x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.2x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Southaven, MS Costs By Category
Detailed Southaven Services Costs Vs. Mississippi
| Item | Southaven | Mississippi |
|---|---|---|
| Shampoo | $0.91 | $1.06 |
| Movie | $11.5 | $10.68 |
| Bowling | $16.47 | $14.67 |
| Haircut | $15.07 | $18.62 |
| Beauty Salon | $36.63 | $39.05 |
Detailed Southaven Groceries Costs Vs. Mississippi
| Item | Southaven | Mississippi |
|---|---|---|
| Ground Beef | $3.42 | $4.22 |
| Fried Chicken | $0.98 | $1.39 |
| Milk | $1.79 | $2.05 |
| Potatoes | $3.62 | $3.29 |
| Pizza | $10.37 | $10.62 |
| Beer | $9.22 | $9.38 |
| Toothpaste | $1.65 | $2.34 |
Detailed Southaven Health Costs Vs. Mississippi
| Item | Southaven | Mississippi |
|---|---|---|
| Optometrist | $74.47 | $108.57 |
| Doctor | $84.25 | $116.17 |
| Dentist | $77.68 | $99.13 |
Detailed Southaven Transportation Costs Vs. Mississippi
| Item | Southaven | Mississippi |
|---|---|---|
| Gasoline | $1.94 | $2.22 |
| Tire Balancing | $40.73 | $50.07 |
Detailed Southaven Utilities Costs Vs. Mississippi
| Item | Southaven | Mississippi |
|---|---|---|
| All Electricity | $133.97 | $167.67 |
| Phone | $184.96 | $175.64 |
Southaven SnackAbility
/10
Cost Of Living In Cities Around Southaven
The cost of living varies in the cities and towns around Southaven. Here's a quick look at the cost of living in the most populous nearby places:
Memphis, TN has a cost of living index of 79, 0.9x Southaven.
Collierville, TN has a cost of living index of 107, 1.2x Southaven.
Germantown, TN has a cost of living index of 108, 1.2x Southaven.
| City | Population | Cost Of Living | Vs. Southaven |
|---|---|---|---|
| Memphis, TN | 634,139 | 79 | 0.9x |
| Collierville, TN | 50,669 | 107 | 1.2x |
| Germantown, TN | 40,955 | 108 | 1.2x |
| Olive Branch, MS | 39,136 | 94 | 1.1x |
| Horn Lake, MS | 26,623 | 83 | 0.9x |
| West Memphis, AR | 24,666 | 80 | 0.9x |
| Hernando, MS | 16,730 | 90 | 1.0x |
