Cost of Living in Carthage, MS
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
75.7
100 = national avg
-24.3 vs national average
Living Wage (1 Adult)
$33,296
per year
Living Wage (Family of 4)
$78,700
per year
Cost Index by Category
Housing67.6
Food86.2
Transportation72.3
Healthcare88.9
Utilities85.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$808
per month
2 Bedroom
$955
per month
The overall cost of living index in Carthage is 75.7, which is 24.3% below the national average. Housing costs are below the national average at an index of 67.6. A single adult needs to earn approximately $33,296 per year to cover basic expenses.