Is Mississippi a cheap state?

Mississippi is one of the most affordable states for singles. According to research from GOBankingRates, the Magnolia state had the third lowest cost of living in 2023. Mississippi has the lowest cost of living in the country, according to the website. A single adult's basic monthly costs run around $2,309.

Is Mississippi a cheap state to live in?

Mississippi is the cheapest state to live in in the United States. Overall, costs in the state are 17% lower than the national average. Housing costs in Mississippi are the lowest in the nation.

What is the #1 cheapest state to live in?

The cheapest states to live in are Mississippi, Oklahoma, Kansas, Alabama, Georgia, Missouri, Iowa, Indiana, West Virginia, and Tennessee. Mississippi is the cheapest state to live in in the US, with a cost of living index of 85. The second cheapest state to live in is Oklahoma, with a cost of living index of 85.8.

Is it expensive to live in Mississippi?

The cost of living in Mississippi is 14% lower than the national average. Housing is 30% lower than the national average, while utilities are 12% lower. When it comes to basic necessities such as food and clothing, groceries are around 9% lower than in the rest of the country, while clothing costs 9% lower.

Where is lowest cost of living in US?

Great Rural Towns in Mississippi. -Yes, they do have some.

What is the cheapest state in us?

1. Mississippi. Coming in as the cheapest state to live in in the United States is Mississippi with a cost of living index score of 83.3. It also has the lowest average housing costs in the nation at 33.7% below the national average.

Where is the nicest but cheapest place to live?

Topping the list as the best affordable place to live in the U.S. is Sioux Falls, South Dakota, set along the banks of the Big Sioux River.

Why is it so cheap in Mississippi?

“There's pretty much no place where you can by stuff for cheaper than Mississippi,” Cole said. “Land and shipping and oil, all of them are plentiful in Mississippi and that's what drives the cheaper general price of goods.”

Is rent high in Mississippi?

As a result, the national average for rent in November 2023 was $1,966. In Mississippi, median rent is significantly lower at $1,187. However, the median rent in the state is about $145 more than it was in November 2022. That 13.93% jump in median rent was the highest nationally.

What state is everything cheap?

1. **Mississippi:** Mississippi has one of the lowest costs of living in the U.S. Housing, groceries, and transportation costs are relatively affordable. 2. **Arkansas:** Arkansas offers affordable housing, utilities, and healthcare compared to many other states.

What is the best state to live in financially?

When it comes to the most affordable best state to live in USA, Mississippi takes the crown as the cheapest state. With a cost of living index of 85, it offers residents a significant economic advantage. Following closely behind as the best state to live in USA is Oklahoma, with a cost of living index of 85.8.

What is the cheapest state to raise a family in?

1. Mississippi. Emerging as the most economical state, Mississippi boasts a cost of living index score of 86. It touts the lowest average housing costs in the country, standing at 33.7% below the national average, with a median single-family home priced around $140,818.

What city in Mississippi is the cheapest?

Where is the most affordable place to live in Mississippi? With an average home value of $111,012 and a cost of living almost 14% below the U.S. average, Meridian is the most affordable place to live in Mississippi.

Is it good to move to Mississippi?

The Magnolia State is great for those looking for a more affordable place to live. Future residents will enjoy great music, beautiful scenery, and deep history. Although there are significant advantages to living here, there are cons to consider.

Are things cheaper in Mississippi?

Mississippi has the lowest cost of living in the US. According to research, the cost of living in Mississippi is 15 percent lower than the national average. As of March 2023, the average home value in Mississippi is estimated to be around $162,292. Mississippi has a flat income tax rate of 5 percent.

What is the most common job in Mississippi?

The most common job groups, by number of people living in Mississippi, are Driver/sales workers & truck drivers (42,237 people), Registered nurses (35,731 people), and Elementary & middle school teachers (32,293 people).

How much do you need to live comfortably in Mississippi?

In Mississippi, a single person with no children would need $15.42 to live, while two parents with two children would each need to earn $36.28 per hour.

Why would anyone want to live in Mississippi?

Wide open spaces, miles of lush greenery and deep blue waters as far as the eye can see. Annual music festivals with a precedence set by local legends like Bo Diddley, B.B. King and Elvis Presley. Mississippi hits all the right notes with its unique blend of culture, creativity and innovation.

Where is the cheapest place to live in Mississippi?

Why is Mississippi so popular?

"The Magnolia State" was the 20th state to join the U.S.A in 1817. It's well-known for its blues and bluegrass music, magnolias, and southern hospitality and charm.

What's the least expensive way to live?

What's the best state to live in?

What state has the highest cost?

Hawaii. The island state wins the prize for highest cost-of-living index, outranking any other state on the list by at least 31 points. Hawaii is truly a paradise, but it is also the most expensive state in America to live in. The annual cost of living is $59,468 higher than the average amount around the nation.