Cost of Living in Columbia, MS

Population 5,804 · Mississippi · Data vintage 2023

42
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

At $34,328, median household incomes in Columbia land roughly 54% below the US median, a gap that tends to persist across local labor-market indicators. A poverty rate near 24% adds context to the income figures — well above the US average, and worth factoring into any comparison with cities on the coasts or in the Rockies.

Geographically, Columbia lies roughly 75 miles south of the nearest major metro, Jackson. Housing prices track closely with Jackson's $108,000 median.

Cost Overview

Housing 37
Rent 50

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Columbia

The median home value in Columbia is $112,100 — 63% below the national median of $305,000. Median rent runs $656/month, 50% lower than the national median of $1,314/month. The median household income of $34,328/year is 54% lower than the US median of $74,580. The local unemployment rate is 7.7%, above the national average of 4.8%. Mississippi's top state income tax rate is 4.7% and the combined sales tax is 7.1%. Overall, Columbia has a cost of living index of 42 versus the US average of 100, meaning it is 58% less expensive.

🏠 Housing

Median Home Value
$112,100
63% below avg
Zillow Home Value
$129,282
Zillow ZHVI
Median Rent
$656/mo
50% below avg
Price-to-Rent Ratio
14.2x
Favors buying
Property Tax Rate
0.7%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$770
1 BR
$802
2 BR
$933
3 BR
$1,238
4 BR
$1,321
Owner-occupied 58.0%
Renter-occupied 42.0%

💰 Estimated Monthly Budget

Rent median rent
$656
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,270/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
23.5 min
13% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
9.8%

Commute Mode

Drove alone
80.8%
Carpooled
7.3%
Walked
2.1%
Work from home
9.8%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 4.7%
Total Sales Tax 7.1%
State rate 7.0%
Avg local rate 0.1%
Property Tax 0.7%

💼 Income & Employment

Median Household Income
$34,328
54% below avg
Per Capita Income
$17,213
Unemployment Rate
7.7%
60% above avg
Poverty Rate
23.5%
Labor Force Participation
45.2%

🎓 Education

Bachelor's degree+ 6.3%
Graduate degree 6.4%

👥 Demographics

Median Age 39.6
Male median age 34.5
Female median age 43.5

🏫 Schools

NCES CCD 2019 — public school district data

89.2%
4-Year Graduation Rate
14.1:1
Student-teacher ratio
11
Public schools
3,692
Total enrollment

Frequently Asked Questions

What is the cost of living in Columbia, MS?

Columbia has a cost index of 42 (100 = national average). It is 58% below the national average.

What is average rent in Columbia, MS?

The median gross rent in Columbia is $656 per month based on 2023 Census data.

What is the average home price in Columbia?

The median home value in Columbia is $112,100 according to Zillow and Census data.

What is the median income in Columbia?

The median household income in Columbia is $34,328 per year (2023 ACS 5-year estimates).

What is the sales tax in Columbia, MS?

The combined state and local sales tax rate in Columbia is 7.1%. The Mississippi state income tax top rate is 4.7%.

Is Columbia, MS affordable?

Yes, Columbia is generally considered affordable, with a cost of living index of 42 — about 58% below the US national average of 100.

Columbia at a Glance

Population
5,804
Median Income
$34,328
Home Value
$112,100
Median Rent
$656/mo
Unemployment
7.7%
Sales Tax
7.1%
View all cities in Mississippi →
🗺️ County data for Mississippi

Explore county-level cost of living data

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