Cost of Living in Southaven, MS
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
118.1
100 = national avg
+18.1 vs national average
Living Wage (1 Adult)
$51,943
per year
Living Wage (Family of 4)
$122,775
per year
Cost Index by Category
Housing129.0
Food108.2
Transportation116.4
Healthcare106.6
Utilities110.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,154
per month
2 Bedroom
$1,274
per month
The overall cost of living index in Southaven is 118.1, which is 18.1% above the national average. Housing costs are above the national average at an index of 129.0. A single adult needs to earn approximately $51,943 per year to cover basic expenses.