Cost of Living in Oakland, MS
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
56.0
100 = national avg
-44.0 vs national average
Living Wage (1 Adult)
$24,641
per year
Living Wage (Family of 4)
$58,242
per year
Cost Index by Category
Housing42.4
Food74.5
Transportation49.0
Healthcare79.6
Utilities73.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$672
per month
2 Bedroom
$842
per month
The overall cost of living index in Oakland is 56.0, which is 44.0% below the national average. Housing costs are below the national average at an index of 42.4. A single adult needs to earn approximately $24,641 per year to cover basic expenses.