A+
12%
Overall NAT. AVG.
6%
Goods & Services NAT. AVG.
26%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
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 Cleveland Mississippi National
Cost of living8883100
Goods & Services9492100
Groceries10097100
Health care8798100
Housing7463100
Transportation8888100
Utilities9086100

An Overview of Cost of Living in Cleveland, MS

Getting a feel for the cost of living in Cleveland is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Cleveland is 88, which is 12% lower than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.

Is Cleveland Affordable?

Is Cleveland affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Cleveland, the median home price is 27.8% lower than the national average and monthly rent prices are 21.1% lower than the typical rates. Additionally, the median income levels play a role in affordability, with Cleveland boasting a median household income of $35,907, 35.1% lower than the national average.

What Factors can Influence the Cost of Living in Cleveland?

Taxes: Cities that enforce higher taxes, covering both sales taxes and income taxes, can be a factor contributing to a higher cost of living. Paying more in taxes for everyday essentials like clothing and food inevitably leads to higher expenses. A higher income tax rate can further contribute to an overall elevated cost of living. In Cleveland, the baseline sales tax rate begins at 7%, and income tax rates start at 0%.

Transportation: In cities with limited or no public transportation, residents may find it necessary to own and maintain vehicles, thereby elevating the cost of living. Monthly expenditures include fuel, insurance, routine maintenance and potential lease or financing commitments. In Cleveland, the transportation index stands at 11.8% lower than the national average.

Healthcare: Healthcare expenditures and insurance premium rates can vary significantly, contingent upon the particular city or state. Factors such as the accessibility of healthcare facilities, out-of-pocket expenses for doctor's appointments, dental care charges, prescription medication costs, and expenses related to specialized medical care can all have an impact on the overall cost of living. In Cleveland, healthcare costs are 13.5% lower than the national average.

Where is the Data From?

The cost of living in Cleveland, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Cleveland is 5% higher than the Mississippi average
  • The cost of living in Cleveland is 12% lower than the national average
  • Cleveland housing is 26% 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

Most Affordable Places to Live in and Around Cleveland

See all the best places to live around Cleveland

Compare Cleveland, MS Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      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$56,699$4,725$1,323$1,701
      Renters$23,415$1,951$546$703
      A good indicator of the general affordability of housing in Cleveland, MS, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Cleveland, the median monthly income is $56,699 for those who own their own homes. Under the standard rule, that income level would allow for $1,323 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $23,415, per the median income in the area. That would allow for renters to spend up to $546 on monthly rental expenses.

      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 Cleveland National avg. Difference
      Haircut $26.94$24.2611.0%
      Beauty Salon $41.92$45.568.0%
      Toothpaste $3.62$3.702.1%
      Shampoo $1.11$1.2813.1%
      Movie $11.99$12.131.2%
      Bowling $13.75$18.0023.6%

      Groceries

      Item Cleveland National avg. Difference
      Ground Beef $6.10$5.844.5%
      Fried Chicken $1.46$1.577.0%
      Milk $4.71$4.670.8%
      Potatoes $5.15$4.934.3%
      Pizza $10.66$12.0911.8%
      Beer $9.95$10.414.4%

      Health Care

      Item Cleveland National avg. Difference
      Optometrist $77.39$125.6838.4%
      Doctor $124.94$135.788.0%
      Dentist $91.51$113.2919.2%
      Ibuprofen $10.19$10.654.4%
      Lipitor $518.09$468.6010.6%

      Housing

      Item Cleveland National avg. Difference
      Home Price $133,300.00$184,700.0027.8%
      Avg. Mortgage Payment $2,240.45$2,346.694.5%
      Apartment Rent $749.00$949.0021.1%

      Transportation

      Item Cleveland National avg. Difference
      Gasoline $3.14$3.469.3%
      Tire Balancing $55.67$59.927.1%

      Utilities

      Item Cleveland National avg. Difference
      All Electricity $163.38$193.9915.8%
      Phone $192.72$192.250.2%
      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.
      Doddsville, MS223927.9%
      Shaw, MS1,9557624.0%
      Sunflower, MS1,0687623.6%
      Mound Bayou, MS1,6957822.4%
      Drew, MS2,3437822.3%
      Cleveland, MS11,3638812.5%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Chino Valley, AZ11,36211211.8%
      Fenton, MI11,368981.5%
      Peru, IN11,3698020.1%
      Campbellsville, KY11,370909.8%
      Moncks Corner, SC11,3701011.5%
      Cleveland, MS11,3638812.5%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.