Cost of Living in Farrell, MS
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
51.5
100 = national avg
-48.5 vs national average
Living Wage (1 Adult)
$22,657
per year
Living Wage (Family of 4)
$53,553
per year
Cost Index by Category
Housing21.1
Food78.3
Transportation56.6
Healthcare82.6
Utilities71.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$748
per month
2 Bedroom
$842
per month
The overall cost of living index in Farrell is 51.5, which is 48.5% below the national average. Housing costs are below the national average at an index of 21.1. A single adult needs to earn approximately $22,657 per year to cover basic expenses.