Cost Of Living in Fayette, MS

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	Fayette	Mississippi	National
Cost of living	76	83	100
Goods & Services	95	92	100
Groceries	99	97	100
Health care	102	98	100
Housing	38	63	100
Transportation	81	88	100
Utilities	83	86	100

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Cost Of Living Quick Facts

The cost of living in Fayette is 9% lower than the Mississippi average
The cost of living in Fayette is 24% lower than the national average
Fayette housing is 62% 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

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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	$41,591	$3,466	$970	$1,248
Renters	$8,769	$731	$205	$263

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	Fayette	National avg.	Difference
Haircut	$22.50	$24.26	7.3%
Beauty Salon	$41.67	$45.56	8.6%
Toothpaste	$3.62	$3.70	2.1%
Shampoo	$1.24	$1.28	3.2%
Movie	$13.59	$12.13	12.0%
Bowling	$20.00	$18.00	11.1%

Groceries

Item	Fayette	National avg.	Difference
Ground Beef	$6.19	$5.84	6.0%
Fried Chicken	$1.67	$1.57	6.4%
Milk	$4.64	$4.67	0.8%
Potatoes	$5.10	$4.93	3.3%
Pizza	$12.66	$12.09	4.7%
Beer	$9.66	$10.41	7.2%

Health Care

Item	Fayette	National avg.	Difference
Optometrist	$106.25	$125.68	15.5%
Doctor	$134.71	$135.78	0.8%
Dentist	$121.33	$113.29	7.1%
Ibuprofen	$10.31	$10.65	3.2%
Lipitor	$495.95	$468.60	5.8%

Housing

Item	Fayette	National avg.	Difference
Home Price	$68,700.00	$184,700.00	62.8%
Avg. Mortgage Payment	$1,763.83	$2,346.69	24.8%
Apartment Rent	$390.00	$949.00	58.9%

Transportation

Item	Fayette	National avg.	Difference
Gasoline	$3.02	$3.46	12.7%
Tire Balancing	$38.33	$59.92	36.0%

Utilities

Item	Fayette	National avg.	Difference
All Electricity	$141.59	$193.99	27.0%
Phone	$187.62	$192.25	2.4%

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.
Roxie, MS	490	78	21.9%
St. Joseph, LA	789	73	26.5%
Alcorn State University, MS	991	82	18.4%
Fayette, MS	1,530	76	24.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Rock Creek, AL	1,530	86	14.1%
Arcadia, IN	1,530	86	14.3%
Charlestown, MD	1,530	117	17.5%
Deshler, OH	1,530	88	11.6%
Pepeekeo, HI	1,531	146	45.6%
Fayette, MS	1,530	76	24.0%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Fayette, MS