Flowood, MS Cost Of Living
Cost Of Living In Flowood, MS Summary
Cost of living in Flowood 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 Flowood 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 Flowood is 94, with 100 being the average.
The cost of living index in Flowood is 0.9x lower than the national average.
Flowood ranks as the #63 cheapest in Mississippi out of 69.
Flowood ranks as the #2,290 cheapest out of 6,412 in the US.
The median home value in Flowood is $220,000.
The median income in Flowood is $73,654.
Table Of Contents
Flowood's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Flowood, MS?
According to the most recent data on the cost of living, Flowood has an overall cost of living index of 94, which is 0.9x lower than the national index of 100.
Compared to Mississippi, Flowood has a cost of living index that's 1.1x higher than Mississippi's index of 86.
The standard of living in Flowood ranks as #63 most affordable out of the 69 places we measured in Mississippi. By definition, that implies Flowood ranks as the #6 most expensive place in the Magnolia State.
For more reading on life in Flowood, check out:
- Living In Flowood
- Flowood Crime Report
- Search Homes For Sale In Flowood, MS
In Mississippi
In America
Flowood Cost Of Living Vs. Mississippi
Six factors go into calculating the cost of living index in Flowood. Here is how it fairs on each of the criteria:
The Services index in Flowood is 93.
The Groceries index in Flowood is 91.
The Health index in Flowood is 90.
The Housing index in Flowood is 98.
The Transportation index in Flowood is 88.
The Utilities index in Flowood is 102.
| Living Expense | Flowood | Mississippi | National Average | |
|---|---|---|---|---|
| Overall | 94 | 86 | 100 | |
| Services | 93 | 92 | 100 | |
| Groceries | 91 | 94 | 100 | |
| Health | 90 | 98 | 100 | |
| Housing | 98 | 69 | 100 | |
| Transportation | 88 | 91 | 100 | |
| Utilities | 102 | 87 | 100 | |
Flowood, 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 Flowood is $220,000.
The Median Rent in Flowood is $1,268.
The Median Income in Flowood is $73,654.
The Home Value To Income in Flowood is 3.0x.
The Rent To Monthly Income in Flowood is 0.21x.
| Statistic | Flowood | Mississippi | United States |
|---|---|---|---|
| Median Home Value | $220,000 | $133,000 | $244,900 |
| Median Rent | $1,268 | $830 | $1,163 |
| Median Income | $73,654 | $49,111 | $69,021 |
| Home Value To Income | 3.0x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.21x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Flowood, MS Costs By Category
Detailed Flowood Services Costs Vs. Mississippi
| Item | Flowood | 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 Flowood Groceries Costs Vs. Mississippi
| Item | Flowood | 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 Flowood Health Costs Vs. Mississippi
| Item | Flowood | Mississippi |
|---|---|---|
| Optometrist | $83.0 | $108.57 |
| Doctor | $90.5 | $116.17 |
| Dentist | $86.63 | $99.13 |
Detailed Flowood Transportation Costs Vs. Mississippi
| Item | Flowood | Mississippi |
|---|---|---|
| Gasoline | $2.01 | $2.22 |
| Tire Balancing | $37.66 | $50.07 |
Detailed Flowood Utilities Costs Vs. Mississippi
| Item | Flowood | Mississippi |
|---|---|---|
| All Electricity | $122.36 | $167.67 |
| Phone | $40.59 | $175.64 |
Flowood SnackAbility
/10
Cost Of Living In Cities Around Flowood
The cost of living varies in the cities and towns around Flowood. 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 Flowood.
Clinton, MS has a cost of living index of 93, 1.0x Flowood.
Madison, MS has a cost of living index of 107, 1.1x Flowood.
| City | Population | Cost Of Living | Vs. Flowood |
|---|---|---|---|
| Jackson, MS | 156,803 | 83 | 0.9x |
| Clinton, MS | 27,830 | 93 | 1.0x |
| Madison, MS | 27,459 | 107 | 1.1x |
| Pearl, MS | 27,017 | 88 | 0.9x |
| Brandon, MS | 24,887 | 95 | 1.0x |
| Ridgeland, MS | 24,330 | 95 | 1.0x |
| Byram, MS | 12,591 | 92 | 1.0x |
| Canton, MS | 10,955 | 88 | 0.9x |
| Richland, MS | 7,126 | 89 | 0.9x |
