Indianola, MS Cost Of Living
Cost Of Living In Indianola, MS Summary
Cost of living in Indianola 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 Indianola 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 Indianola is 81, with 100 being the average.
The cost of living index in Indianola is 0.8x lower than the national average.
Indianola ranks as the #19 cheapest in Mississippi out of 69.
Indianola ranks as the #290 cheapest out of 6,412 in the US.
The median home value in Indianola is $100,300.
The median income in Indianola is $32,043.
Table Of Contents
Indianola's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Indianola, MS?
According to the most recent data on the cost of living, Indianola has an overall cost of living index of 81, which is 0.8x lower than the national index of 100.
Compared to Mississippi, Indianola has a cost of living index that's 0.9x lower than Mississippi's index of 86.
The standard of living in Indianola ranks as #19 most affordable out of the 69 places we measured in Mississippi. By definition, that implies Indianola ranks as the #50 most expensive place in the Magnolia State.
For more reading on life in Indianola, check out:
- Living In Indianola
- Search Homes For Sale In Indianola, MS
In Mississippi
In America
Indianola Cost Of Living Vs. Mississippi
Six factors go into calculating the cost of living index in Indianola. Here is how it fairs on each of the criteria:
The Services index in Indianola is 94.
The Groceries index in Indianola is 91.
The Health index in Indianola is 88.
The Housing index in Indianola is 47.
The Transportation index in Indianola is 88.
The Utilities index in Indianola is 103.
| Living Expense | Indianola | Mississippi | National Average | |
|---|---|---|---|---|
| Overall | 81 | 86 | 100 | |
| Services | 94 | 92 | 100 | |
| Groceries | 91 | 94 | 100 | |
| Health | 88 | 98 | 100 | |
| Housing | 47 | 69 | 100 | |
| Transportation | 88 | 91 | 100 | |
| Utilities | 103 | 87 | 100 | |
Indianola, 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 Indianola is $100,300.
The Median Rent in Indianola is $718.
The Median Income in Indianola is $32,043.
The Home Value To Income in Indianola is 3.1x.
The Rent To Monthly Income in Indianola is 0.27x.
| Statistic | Indianola | Mississippi | United States |
|---|---|---|---|
| Median Home Value | $100,300 | $133,000 | $244,900 |
| Median Rent | $718 | $830 | $1,163 |
| Median Income | $32,043 | $49,111 | $69,021 |
| Home Value To Income | 3.1x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.27x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Indianola, MS Costs By Category
Detailed Indianola Services Costs Vs. Mississippi
| Item | Indianola | 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 Indianola Groceries Costs Vs. Mississippi
| Item | Indianola | 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 Indianola Health Costs Vs. Mississippi
| Item | Indianola | Mississippi |
|---|---|---|
| Optometrist | $83.0 | $108.57 |
| Doctor | $90.5 | $116.17 |
| Dentist | $86.63 | $99.13 |
Detailed Indianola Transportation Costs Vs. Mississippi
| Item | Indianola | Mississippi |
|---|---|---|
| Gasoline | $2.01 | $2.22 |
| Tire Balancing | $37.66 | $50.07 |
Detailed Indianola Utilities Costs Vs. Mississippi
| Item | Indianola | Mississippi |
|---|---|---|
| All Electricity | $122.36 | $167.67 |
| Phone | $40.59 | $175.64 |
Indianola SnackAbility
/10
Cost Of Living In Cities Around Indianola
The cost of living varies in the cities and towns around Indianola. Here's a quick look at the cost of living in the most populous nearby places:
Greenville, MS has a cost of living index of 79, 1.0x Indianola.
Greenwood, MS has a cost of living index of 81, 1.0x Indianola.
Cleveland, MS has a cost of living index of 83, 1.0x Indianola.
| City | Population | Cost Of Living | Vs. Indianola |
|---|---|---|---|
| Greenville, MS | 30,175 | 79 | 1.0x |
| Greenwood, MS | 14,521 | 81 | 1.0x |
| Cleveland, MS | 11,285 | 83 | 1.0x |
