Cost of Living in Hernando, MS
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
115.2
100 = national avg
+15.2 vs national average
Living Wage (1 Adult)
$50,685
per year
Living Wage (Family of 4)
$119,802
per year
Cost Index by Category
Housing130.0
Food104.6
Transportation109.2
Healthcare103.7
Utilities108.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,154
per month
2 Bedroom
$1,274
per month
The overall cost of living index in Hernando is 115.2, which is 15.2% above the national average. Housing costs are above the national average at an index of 130.0. A single adult needs to earn approximately $50,685 per year to cover basic expenses.