Cost of Living in Falcon, MS
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
65.5
100 = national avg
-34.5 vs national average
Living Wage (1 Adult)
$28,838
per year
Living Wage (Family of 4)
$68,163
per year
Cost Index by Category
Housing59.2
Utilities87.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$713
per month
2 Bedroom
$842
per month
The overall cost of living index in Falcon is 65.5, which is 34.5% below the national average. Housing costs are below the national average at an index of 59.2. A single adult needs to earn approximately $28,838 per year to cover basic expenses.