Cost of Living in Latimer, MS
Population 6,474 · Mississippi · Data vintage 2023
(100 = US avg)
Latimer offers a notably favorable income-to-housing ratio for its region. The typical home — $179,000 — costs less than 2.7 times median household income of $66,016, a threshold many coastal markets passed a decade ago. Unemployment has stayed elevated relative to the national figure — 6.5% as of the most recent ACS release — which shows up in household-income and poverty figures as well.
Geographically, Latimer is about 45 miles west of Mobile, the nearest large metro. Housing prices track closely with Mobile's $170,000 median.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Latimer
The median home value in Latimer is $178,500 — 41% below the national median of $305,000. Median rent runs $1,126/month, 14% lower than the national median of $1,314/month. The median household income of $66,016/year is 11% lower than the US median of $74,580. The local unemployment rate is 6.5%, 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, Latimer has a cost of living index of 69 versus the US average of 100, meaning it is 31% less expensive.
Latimer has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 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
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Latimer, MS?
Latimer has a cost index of 69 (100 = national average). It is 31% below the national average.
What is average rent in Latimer, MS?
The median gross rent in Latimer is $1,126 per month based on 2023 Census data.
What is the average home price in Latimer?
The median home value in Latimer is $178,500 according to 2023 Census ACS data.
What is the median income in Latimer?
The median household income in Latimer is $66,016 per year (2023 ACS 5-year estimates).
What is the sales tax in Latimer, MS?
The combined state and local sales tax rate in Latimer is 7.1%. The Mississippi state income tax top rate is 4.7%.
Is Latimer, MS affordable?
Yes, Latimer is generally considered affordable, with a cost of living index of 69 — about 31% below the US national average of 100.
Latimer at a Glance
- Population
- 6,474
- Median Income
- $66,016
- Home Value
- $178,500
- Median Rent
- $1,126/mo
- Unemployment
- 6.5%
- Sales Tax
- 7.1%
Nearby Cities
Explore county-level cost of living data
Mississippi Rankings
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