Cost of Living in Fayette, MS
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
51.0
100 = national avg
-49.0 vs national average
Living Wage (1 Adult)
$22,438
per year
Living Wage (Family of 4)
$53,036
per year
Cost Index by Category
Housing41.2
Food69.4
Transportation38.8
Healthcare75.5
Utilities69.9
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 Fayette is 51.0, which is 49.0% below the national average. Housing costs are below the national average at an index of 41.2. A single adult needs to earn approximately $22,438 per year to cover basic expenses.