Cost of Living in Iuka, MS

Population 3,118 · Mississippi · Data vintage 2023

41
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Household incomes in Iuka run well below national norms — a median of $45,805 versus the $74,580 US figure. Housing costs partially offset that gap (typical home values around $122,000). Around 22% of residents live below the federal poverty line, a rate that tends to correlate with the income and housing figures above.

Geographically, Iuka lies roughly 85 miles west of the nearest major metro, Huntsville. Median home values run roughly 54% lower than Huntsville's $263,000.

Cost Overview

Housing 40
Rent 43

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

About the Cost of Living in Iuka

The median home value in Iuka is $122,200 — 60% below the national median of $305,000. Median rent runs $559/month, 57% lower than the national median of $1,314/month. The median household income of $45,805/year is 39% lower than the US median of $74,580. The local unemployment rate is 1.4%, below 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, Iuka has a cost of living index of 41 versus the US average of 100, meaning it is 59% less expensive.

🏠 Housing

Median Home Value
$122,200
60% below avg
Zillow Home Value
$286,784
Zillow ZHVI
Median Rent
$559/mo
57% below avg
Price-to-Rent Ratio
18.2x
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 59.7%
Renter-occupied 40.3%

💰 Estimated Monthly Budget

Rent median rent
$559
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,173/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
22.2 min
18% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
3.5%

Commute Mode

Drove alone
92.8%
Carpooled
3.0%
Walked
0.7%
Work from home
3.5%

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
$45,805
39% below avg
Per Capita Income
$24,470
Unemployment Rate
1.4%
70% below avg
Poverty Rate
22.3%
Labor Force Participation
43.1%

🎓 Education

Bachelor's degree+ 12.9%
Graduate degree 3.9%

👥 Demographics

Median Age 38.8
Male median age 36.3
Female median age 40.9

🏫 Schools

NCES CCD 2019 — public school district data

89%
4-Year Graduation Rate
13.4:1
Student-teacher ratio
8
Public schools
2,984
Total enrollment

Frequently Asked Questions

What is the cost of living in Iuka, MS?

Iuka has a cost index of 41 (100 = national average). It is 59% below the national average.

What is average rent in Iuka, MS?

The median gross rent in Iuka is $559 per month based on 2023 Census data.

What is the average home price in Iuka?

The median home value in Iuka is $122,200 according to Zillow and Census data.

What is the median income in Iuka?

The median household income in Iuka is $45,805 per year (2023 ACS 5-year estimates).

What is the sales tax in Iuka, MS?

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

Is Iuka, MS affordable?

Yes, Iuka is generally considered affordable, with a cost of living index of 41 — about 59% below the US national average of 100.

Iuka at a Glance

Population
3,118
Median Income
$45,805
Home Value
$122,200
Median Rent
$559/mo
Unemployment
1.4%
Sales Tax
7.1%
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