Cost of Living in Lake, MS
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
66.5
100 = national avg
-33.5 vs national average
Living Wage (1 Adult)
$29,259
per year
Living Wage (Family of 4)
$69,158
per year
Cost Index by Category
Housing60.2
Food78.9
Transportation57.8
Healthcare83.1
Utilities79.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$795
per month
2 Bedroom
$952
per month
The overall cost of living index in Lake is 66.5, which is 33.5% below the national average. Housing costs are below the national average at an index of 60.2. A single adult needs to earn approximately $29,259 per year to cover basic expenses.