Booneville, MS Cost Of Living
Cost Of Living In Booneville, MS Summary
Cost of living in Booneville 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 Booneville 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 Booneville is 79, with 100 being the average.
The cost of living index in Booneville is 0.8x lower than the national average.
Booneville ranks as the #8 cheapest in Mississippi out of 69.
Booneville ranks as the #155 cheapest out of 6,412 in the US.
The median home value in Booneville is $120,300.
The median income in Booneville is $41,992.
Table Of Contents
Booneville's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Booneville, MS?
According to the most recent data on the cost of living, Booneville has an overall cost of living index of 79, which is 0.8x lower than the national index of 100.
Compared to Mississippi, Booneville has a cost of living index that's 0.9x lower than Mississippi's index of 86.
The standard of living in Booneville ranks as #8 most affordable out of the 69 places we measured in Mississippi. By definition, that implies Booneville ranks as the #61 most expensive place in the Magnolia State.
For more reading on life in Booneville, check out:
- Living In Booneville
- Booneville Crime Report
- Search Homes For Sale In Booneville, MS
In Mississippi
In America
Booneville Cost Of Living Vs. Mississippi
Six factors go into calculating the cost of living index in Booneville. Here is how it fairs on each of the criteria:
The Services index in Booneville is 88.
The Groceries index in Booneville is 85.
The Health index in Booneville is 79.
The Housing index in Booneville is 58.
The Transportation index in Booneville is 90.
The Utilities index in Booneville is 86.
| Living Expense | Booneville | Mississippi | National Average | |
|---|---|---|---|---|
| Overall | 79 | 86 | 100 | |
| Services | 88 | 92 | 100 | |
| Groceries | 85 | 94 | 100 | |
| Health | 79 | 98 | 100 | |
| Housing | 58 | 69 | 100 | |
| Transportation | 90 | 91 | 100 | |
| Utilities | 86 | 87 | 100 | |
Booneville, 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 Booneville is $120,300.
The Median Rent in Booneville is $534.
The Median Income in Booneville is $41,992.
The Home Value To Income in Booneville is 2.9x.
The Rent To Monthly Income in Booneville is 0.15x.
| Statistic | Booneville | Mississippi | United States |
|---|---|---|---|
| Median Home Value | $120,300 | $133,000 | $244,900 |
| Median Rent | $534 | $830 | $1,163 |
| Median Income | $41,992 | $49,111 | $69,021 |
| Home Value To Income | 2.9x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.15x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Booneville, MS Costs By Category
Detailed Booneville Services Costs Vs. Mississippi
| Item | Booneville | Mississippi |
|---|---|---|
| Shampoo | $0.91 | $1.06 |
| Movie | $9.75 | $10.68 |
| Bowling | $10.0 | $14.67 |
| Haircut | $16.33 | $18.62 |
| Beauty Salon | $21.89 | $39.05 |
Detailed Booneville Groceries Costs Vs. Mississippi
| Item | Booneville | Mississippi |
|---|---|---|
| Ground Beef | $3.44 | $4.22 |
| Fried Chicken | $0.95 | $1.39 |
| Milk | $1.03 | $2.05 |
| Potatoes | $2.86 | $3.29 |
| Pizza | $10.08 | $10.62 |
| Beer | $8.7 | $9.38 |
| Toothpaste | $1.63 | $2.34 |
Detailed Booneville Health Costs Vs. Mississippi
| Item | Booneville | Mississippi |
|---|---|---|
| Optometrist | $97.78 | $108.57 |
| Doctor | $58.33 | $116.17 |
| Dentist | $81.11 | $99.13 |
Detailed Booneville Transportation Costs Vs. Mississippi
| Item | Booneville | Mississippi |
|---|---|---|
| Gasoline | $1.91 | $2.22 |
| Tire Balancing | $45.33 | $50.07 |
Detailed Booneville Utilities Costs Vs. Mississippi
| Item | Booneville | Mississippi |
|---|---|---|
| All Electricity | $131.41 | $167.67 |
| Phone | $181.26 | $175.64 |
Booneville SnackAbility
/10
Cost Of Living In Cities Around Booneville
The cost of living varies in the cities and towns around Booneville. Here's a quick look at the cost of living in the most populous nearby places:
Tupelo, MS has a cost of living index of 82, 1.0x Booneville.
Corinth, MS has a cost of living index of 82, 1.0x Booneville.
New Albany, MS has a cost of living index of 83, 1.1x Booneville.
| City | Population | Cost Of Living | Vs. Booneville |
|---|---|---|---|
| Tupelo, MS | 37,872 | 82 | 1.0x |
| Corinth, MS | 14,545 | 82 | 1.0x |
| New Albany, MS | 7,657 | 83 | 1.1x |
| Savannah, TN | 7,157 | 78 | 1.0x |
| Amory, MS | 6,665 | 79 | 1.0x |
| Pontotoc, MS | 5,621 | 80 | 1.0x |
| Ripley, MS | 5,412 | 78 | 1.0x |
| Bolivar, TN | 5,177 | 80 | 1.0x |
