Cost of Living in Inverness, MS
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
77.7
100 = national avg
-22.3 vs national average
Living Wage (1 Adult)
$34,169
per year
Living Wage (Family of 4)
$80,762
per year
Cost Index by Category
Housing63.8
Food89.9
Transportation79.9
Healthcare91.9
Utilities86.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$642
per month
2 Bedroom
$842
per month
The overall cost of living index in Inverness is 77.7, which is 22.3% below the national average. Housing costs are below the national average at an index of 63.8. A single adult needs to earn approximately $34,169 per year to cover basic expenses.