Cost of Living in Water Valley, MS
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
72.9
100 = national avg
-27.1 vs national average
Living Wage (1 Adult)
$32,095
per year
Living Wage (Family of 4)
$75,861
per year
Cost Index by Category
Housing60.4
Food86.1
Transportation72.1
Healthcare88.8
Utilities83.7
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 Water Valley is 72.9, which is 27.1% below the national average. Housing costs are below the national average at an index of 60.4. A single adult needs to earn approximately $32,095 per year to cover basic expenses.