According to the most recent data on the cost of living, Horn Lake has an overall cost of living index of 83 which is 0.8x lower than the national index of 100.
Compared to only Mississippi, Horn Lake has a cost of living index that's 1.0x higher than Mississippi's index of 82.
The standard of living in Horn Lake ranks as #491 most affordable out of the 6,418 places we measured in Mississippi. By definition, that implies Horn Lake ranks as the #5,927 most expensive place in the Magnolia State.
Living Expense | Horn Lake | Mississippi | National Average | |
---|---|---|---|---|
Overall | 83 | 82 | 100 | |
Services | 93 | 95 | 100 | |
Groceries | 91 | 94 | 100 | |
Health | 82 | 90 | 100 | |
Housing | 68 | 64 | 100 | |
Transportation | 84 | 89 | 100 | |
Utilities | 88 | 97 | 100 |
Housing swings affordability the most between places in Mississippi, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
Statistic | Horn Lake | Mississippi | United States |
---|---|---|---|
Median Home Value | $114,300 | $125,500 | $229,800 |
Median Rent | $1,067 | $789 | $1,096 |
Median Income | $52,181 | $46,511 | $64,994 |
Home Value To Income | 2.2x | 2.7x | 3.5x |
Rent To Monthly Income | 0.25x | 0.2x | 0.2x |
Item | Horn Lake | Mississippi |
---|---|---|
Shampoo | $0.91 | $1.06 |
Movie | $11.5 | $10.68 |
Bowling | $16.47 | $14.67 |
Item | Horn Lake | Mississippi |
---|---|---|
Ground Beef | $3.42 | $4.22 |
Fried Chicken | $0.98 | $1.39 |
Milk | $1.79 | $2.05 |
Item | Horn Lake | Mississippi |
---|---|---|
Haircut | $15.07 | $18.62 |
Beauty Salon | $36.63 | $39.05 |
Toothpaste | $1.65 | $2.34 |
Item | Horn Lake | Mississippi |
---|---|---|
Potatoes | $3.62 | $3.29 |
Pizza | $10.37 | $10.62 |
Beer | $9.22 | $9.38 |
Optometrist | $74.47 | $108.57 |
Doctor | $84.25 | $116.17 |
Dentist | $77.68 | $99.13 |
Item | Horn Lake | Mississippi |
---|---|---|
Gasoline | $1.94 | $2.22 |
Tire Balancing | $40.73 | $50.07 |
All Electricity | $133.97 | $167.67 |
Phone | $184.96 | $175.64 |
City | Population | Cost Of Living | Vs. Horn Lake |
---|---|---|---|
Memphis, TN | 650,910 | 79 | 1.0x |
Southaven, MS | 55,026 | 88 | 1.1x |
Germantown, TN | 39,196 | 108 | 1.3x |
Olive Branch, MS | 38,270 | 94 | 1.1x |
West Memphis, AR | 24,656 | 80 | 1.0x |
Hernando, MS | 16,206 | 90 | 1.1x |
Marion, AR | 12,371 | 85 | 1.0x |