Cost of Living in Nicholson, MS
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
77.6
100 = national avg
-22.4 vs national average
Living Wage (1 Adult)
$34,124
per year
Living Wage (Family of 4)
$80,657
per year
Cost Index by Category
Housing74.2
Food85.5
Transportation71.0
Healthcare88.4
Utilities86.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$857
per month
2 Bedroom
$949
per month
The overall cost of living index in Nicholson is 77.6, which is 22.4% below the national average. Housing costs are below the national average at an index of 74.2. A single adult needs to earn approximately $34,124 per year to cover basic expenses.