Canton, MS Cost Of Living
Cost Of Living In Canton, MS Summary
Cost of living in Canton 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 Canton 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 Canton is 88, with 100 being the average.
The cost of living index in Canton is 0.9x lower than the national average.
Canton ranks as the #42 cheapest in Mississippi out of 69.
Canton ranks as the #1,278 cheapest out of 6,412 in the US.
The median home value in Canton is $117,700.
The median income in Canton is $33,634.
Table Of Contents
Canton's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Canton, MS?
According to the most recent data on the cost of living, Canton has an overall cost of living index of 88, which is 0.9x lower than the national index of 100.
Compared to Mississippi, Canton has a cost of living index that's 1.0x higher than Mississippi's index of 86.
The standard of living in Canton ranks as #42 most affordable out of the 69 places we measured in Mississippi. By definition, that implies Canton ranks as the #27 most expensive place in the Magnolia State.
For more reading on life in Canton, check out:
- Living In Canton
- Search Homes For Sale In Canton, MS
In Mississippi
In America
Canton Cost Of Living Vs. Mississippi
Six factors go into calculating the cost of living index in Canton. Here is how it fairs on each of the criteria:
The Services index in Canton is 96.
The Groceries index in Canton is 90.
The Health index in Canton is 88.
The Housing index in Canton is 70.
The Transportation index in Canton is 86.
The Utilities index in Canton is 105.
| Living Expense | Canton | Mississippi | National Average | |
|---|---|---|---|---|
| Overall | 88 | 86 | 100 | |
| Services | 96 | 92 | 100 | |
| Groceries | 90 | 94 | 100 | |
| Health | 88 | 98 | 100 | |
| Housing | 70 | 69 | 100 | |
| Transportation | 86 | 91 | 100 | |
| Utilities | 105 | 87 | 100 | |
Canton, 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 Canton is $117,700.
The Median Rent in Canton is $861.
The Median Income in Canton is $33,634.
The Home Value To Income in Canton is 3.5x.
The Rent To Monthly Income in Canton is 0.31x.
| Statistic | Canton | Mississippi | United States |
|---|---|---|---|
| Median Home Value | $117,700 | $133,000 | $244,900 |
| Median Rent | $861 | $830 | $1,163 |
| Median Income | $33,634 | $49,111 | $69,021 |
| Home Value To Income | 3.5x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.31x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Canton, MS Costs By Category
Detailed Canton Services Costs Vs. Mississippi
| Item | Canton | Mississippi |
|---|---|---|
| Shampoo | $0.76 | $1.06 |
| Movie | $9.08 | $10.68 |
| Bowling | $7.08 | $14.67 |
| Haircut | $13.32 | $18.62 |
| Beauty Salon | $23.38 | $39.05 |
Detailed Canton Groceries Costs Vs. Mississippi
| Item | Canton | Mississippi |
|---|---|---|
| Ground Beef | $5.35 | $4.22 |
| Fried Chicken | $1.05 | $1.39 |
| Milk | $1.78 | $2.05 |
| Potatoes | $2.36 | $3.29 |
| Pizza | $9.32 | $10.62 |
| Beer | $9.72 | $9.38 |
| Toothpaste | $3.06 | $2.34 |
Detailed Canton Health Costs Vs. Mississippi
| Item | Canton | Mississippi |
|---|---|---|
| Optometrist | $83.0 | $108.57 |
| Doctor | $90.5 | $116.17 |
| Dentist | $86.63 | $99.13 |
Detailed Canton Transportation Costs Vs. Mississippi
| Item | Canton | Mississippi |
|---|---|---|
| Gasoline | $2.01 | $2.22 |
| Tire Balancing | $37.66 | $50.07 |
Detailed Canton Utilities Costs Vs. Mississippi
| Item | Canton | Mississippi |
|---|---|---|
| All Electricity | $122.36 | $167.67 |
| Phone | $40.59 | $175.64 |
Canton SnackAbility
/10
Cost Of Living In Cities Around Canton
The cost of living varies in the cities and towns around Canton. Here's a quick look at the cost of living in the most populous nearby places:
Jackson, MS has a cost of living index of 83, 0.9x Canton.
Clinton, MS has a cost of living index of 93, 1.1x Canton.
Madison, MS has a cost of living index of 107, 1.2x Canton.
| City | Population | Cost Of Living | Vs. Canton |
|---|---|---|---|
| Jackson, MS | 156,803 | 83 | 0.9x |
| Clinton, MS | 27,830 | 93 | 1.1x |
| Madison, MS | 27,459 | 107 | 1.2x |
| Pearl, MS | 27,017 | 88 | 1.0x |
| Brandon, MS | 24,887 | 95 | 1.1x |
| Ridgeland, MS | 24,330 | 95 | 1.1x |
| Byram, MS | 12,591 | 92 | 1.0x |
| Flowood, MS | 10,019 | 94 | 1.1x |
| Kosciusko, MS | 7,128 | 80 | 0.9x |
| Richland, MS | 7,126 | 89 | 1.0x |
