Cost of Living in Algoma, MS
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
94.6
100 = national avg
-5.4 vs national average
Living Wage (1 Adult)
$41,617
per year
Living Wage (Family of 4)
$98,368
per year
Cost Index by Category
Housing95.3
Food95.9
Transportation91.7
Healthcare96.7
Utilities96.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$850
per month
2 Bedroom
$932
per month
The overall cost of living index in Algoma is 94.6, which is 5.4% below the national average. Housing costs are below the national average at an index of 95.3. A single adult needs to earn approximately $41,617 per year to cover basic expenses.