Cost of Living in Kokomo, MS
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
41.3
100 = national avg
-58.7 vs national average
Living Wage (1 Adult)
$18,173
per year
Living Wage (Family of 4)
$42,955
per year
Cost Index by Category
Housing30.5
Utilities79.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$655
per month
2 Bedroom
$860
per month
The overall cost of living index in Kokomo is 41.3, which is 58.7% below the national average. Housing costs are below the national average at an index of 30.5. A single adult needs to earn approximately $18,173 per year to cover basic expenses.