Cost of Living in Morgantown, MS
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
74.3
100 = national avg
-25.7 vs national average
Living Wage (1 Adult)
$32,686
per year
Living Wage (Family of 4)
$77,258
per year
Cost Index by Category
Housing69.6
Utilities90.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$768
per month
2 Bedroom
$842
per month
The overall cost of living index in Morgantown is 74.3, which is 25.7% below the national average. Housing costs are below the national average at an index of 69.6. A single adult needs to earn approximately $32,686 per year to cover basic expenses.