Cost of Living in Grenada, MS
Population 12,484 · Mississippi · Data vintage 2023
(100 = US avg)
Grenada's median household income of $42,470 is a meaningful share below the national figure, which shapes most of the downstream economic indicators — from housing affordability to the share of residents living below the poverty line (27% here). At 6.7%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.
Geographically, Grenada lies roughly 90 miles south of the nearest major metro, Memphis. Housing prices track closely with Memphis' $157,000 median.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Grenada
The median home value in Grenada is $152,100 — 50% below the national median of $305,000. Median rent runs $799/month, 39% lower than the national median of $1,314/month. The median household income of $42,470/year is 43% lower than the US median of $74,580. The local unemployment rate is 6.7%, 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, Grenada has a cost of living index of 54 versus the US average of 100, meaning it is 46% less expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Grenada, MS?
Grenada has a cost index of 54 (100 = national average). It is 46% below the national average.
What is average rent in Grenada, MS?
The median gross rent in Grenada is $799 per month based on 2023 Census data.
What is the average home price in Grenada?
The median home value in Grenada is $152,100 according to Zillow and Census data.
What is the median income in Grenada?
The median household income in Grenada is $42,470 per year (2023 ACS 5-year estimates).
What is the sales tax in Grenada, MS?
The combined state and local sales tax rate in Grenada is 7.1%. The Mississippi state income tax top rate is 4.7%.
Is Grenada, MS affordable?
Yes, Grenada is generally considered affordable, with a cost of living index of 54 — about 46% below the US national average of 100.
Grenada at a Glance
- Population
- 12,484
- Median Income
- $42,470
- Home Value
- $152,100
- Median Rent
- $799/mo
- Unemployment
- 6.7%
- Sales Tax
- 7.1%
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Mississippi Rankings
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