A+
17%
Overall NAT. AVG.
5%
Goods & Services NAT. AVG.
42%
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 McComb Mississippi National
Cost of living8383100
Goods & Services9592100
Groceries9697100
Health care9898100
Housing5863100
Transportation9388100
Utilities8186100

An Overview of Cost of Living in McComb, MS

Are you thinking about relocating, but curious about the potential cost of living in McComb? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in McComb stands at 83, making it 17% lower than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

It's not uncommon for housing expenses to eat up a substantial portion of your income, oten exceeding 30%. The good news is that McComb stands out by reporting housing costs that are 42.1% lower than the national average. This signifies that both homeownership and rental expenses in this region are considerably more affordable compared to the rest of the country. This favorable housing situation allows residents to allocate a more manageable portion of their income to housing, resulting in greater financial flexibility.

Is McComb Affordable?

Is McComb an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in McComb is 51.3% lower than the national average, while the average monthly rent prices are 20.7% lower than average. The affordability of any location can also be influenced by median income levels. McComb has a median household income of $30,197, which is 45.4% lower than the national average.

What Factors can Influence the Cost of Living in McComb?

Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in McComb comes in at 19.2% lower than the national average.

Urbanization: Larger, urban centers, known for their wealth of amenities and strong employment prospects, often exhibit an elevated cost of living, primarily attributable to the heightened demand for services and residential relocation. Consequently, this scenario leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural areas or regions characterized by diminished demand typically provide a more limited array of amenities and experience slower job market growth, resulting in a more affordable cost of living.

Transportation: When public transportation options are limited or non-existent, residents frequently resort to vehicle ownership, which can significantly contribute to the overall cost of living. Monthly financial obligations encompass fuel, insurance, regular maintenance and potentially lease or financing expenses. In McComb, the transportation index is 6.9% lower than the national average.

Where is the Data From?

The cost of living in McComb, 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 McComb is 1% lower than the Mississippi average
  • The cost of living in McComb is 17% lower than the national average
  • McComb housing is 42% 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 McComb

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Compare McComb, MS Cost of Living

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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$40,117$3,343$936$1,204
      Renters$17,290$1,441$403$519
      To approximate the cost of living and the housing affordability in McComb, MS, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in McComb have a median income of $40,117. Therefore, the amount that a consumer should spend on housing costs should be no more than $936 per month to avoid calamity and poverty. The renters in the city have an income of about $17,290, which would make their monthly maximum allowable rental costs $403.

      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 McComb National avg. Difference
      Haircut $24.85$24.262.4%
      Beauty Salon $46.92$45.563.0%
      Toothpaste $3.72$3.700.4%
      Shampoo $1.19$1.286.9%
      Movie $11.93$12.131.7%
      Bowling $19.00$18.005.6%

      Groceries

      Item McComb National avg. Difference
      Ground Beef $5.61$5.843.9%
      Fried Chicken $1.68$1.576.5%
      Milk $4.53$4.673.0%
      Potatoes $5.12$4.933.7%
      Pizza $10.95$12.099.4%
      Beer $9.71$10.416.8%

      Health Care

      Item McComb National avg. Difference
      Optometrist $95.65$125.6823.9%
      Doctor $125.52$135.787.6%
      Dentist $122.39$113.298.0%
      Ibuprofen $10.07$10.655.5%
      Lipitor $463.70$468.601.0%

      Housing

      Item McComb National avg. Difference
      Home Price $89,900.00$184,700.0051.3%
      Avg. Mortgage Payment $1,456.60$2,346.6937.9%
      Apartment Rent $753.00$949.0020.7%

      Transportation

      Item McComb National avg. Difference
      Gasoline $3.18$3.468.0%
      Tire Balancing $57.42$59.924.2%

      Utilities

      Item McComb National avg. Difference
      All Electricity $136.13$193.9929.8%
      Phone $187.85$192.252.3%
      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.
      Magnolia, MS2,9987821.6%
      Summit, MS2,6338316.7%
      McComb, MS12,7888317.4%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Mercerville, NJ12,78311918.6%
      Lindsay, CA12,7931099.1%
      Verde Village, AZ12,7801088.2%
      Riviera Beach, MD12,78012019.6%
      Jacksonville, AL12,796909.9%
      McComb, MS12,7888317.4%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.