Cost of Living in Shelby, MS
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
68.0
100 = national avg
-32.0 vs national average
Living Wage (1 Adult)
$29,914
per year
Living Wage (Family of 4)
$70,707
per year
Cost Index by Category
Housing53.6
Food71.2
Transportation114.3
Healthcare77.0
Utilities73.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$642
per month
2 Bedroom
$842
per month
The overall cost of living index in Shelby is 68.0, which is 32.0% below the national average. Housing costs are below the national average at an index of 53.6. A single adult needs to earn approximately $29,914 per year to cover basic expenses.