Cost of Living in Petal, MS
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
103.0
100 = national avg
+3.0 vs national average
Living Wage (1 Adult)
$45,328
per year
Living Wage (Family of 4)
$107,139
per year
Cost Index by Category
Housing94.5
Food105.7
Transportation111.4
Healthcare104.5
Utilities102.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$888
per month
2 Bedroom
$1,047
per month
The overall cost of living index in Petal is 103.0, which is 3.0% above the national average. Housing costs are below the national average at an index of 94.5. A single adult needs to earn approximately $45,328 per year to cover basic expenses.