Cost of Living in Ripley, MS

Population 5,415 · Mississippi · Data vintage 2023

47
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Ripley is a smaller Mississippi community of around 5000 residents, where median household incomes of $56,641 and housing costs ($133,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. Unemployment has stayed elevated relative to the national figure — 10.5% as of the most recent ACS release — which shows up in household-income and poverty figures as well.

Ripley is about 65 miles east of Memphis, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 16% lower than Memphis' $157,000.

Cost Overview

Housing 43
Rent 52

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

About the Cost of Living in Ripley

The median home value in Ripley is $132,500 — 57% below the national median of $305,000. Median rent runs $683/month, 48% lower than the national median of $1,314/month. The median household income of $56,641/year is 24% lower than the US median of $74,580. The local unemployment rate is 10.5%, 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, Ripley has a cost of living index of 47 versus the US average of 100, meaning it is 53% less expensive.

🏠 Housing

Median Home Value
$132,500
57% below avg
Zillow Home Value
$141,605
Zillow ZHVI
Median Rent
$683/mo
48% below avg
Price-to-Rent Ratio
16.2x
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 71.6%
Renter-occupied 28.4%

💰 Estimated Monthly Budget

Rent median rent
$683
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,297/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
25.9 min
4% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
0.7%

Commute Mode

Drove alone
91.9%
Carpooled
7.4%
Work from home
0.7%

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
$56,641
24% below avg
Per Capita Income
$27,509
Unemployment Rate
10.5%
119% above avg
Poverty Rate
17.5%
Labor Force Participation
68.8%

🎓 Education

Bachelor's degree+ 10.8%
Graduate degree 7.6%

👥 Demographics

Median Age 40
Male median age 34.4
Female median age 42.5

🏫 Schools

NCES CCD 2019 — public school district data

92%
4-Year Graduation Rate
12.6:1
Student-teacher ratio
6
Public schools
2,660
Total enrollment

Frequently Asked Questions

What is the cost of living in Ripley, MS?

Ripley has a cost index of 47 (100 = national average). It is 53% below the national average.

What is average rent in Ripley, MS?

The median gross rent in Ripley is $683 per month based on 2023 Census data.

What is the average home price in Ripley?

The median home value in Ripley is $132,500 according to Zillow and Census data.

What is the median income in Ripley?

The median household income in Ripley is $56,641 per year (2023 ACS 5-year estimates).

What is the sales tax in Ripley, MS?

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

Is Ripley, MS affordable?

Yes, Ripley is generally considered affordable, with a cost of living index of 47 — about 53% below the US national average of 100.

Ripley at a Glance

Population
5,415
Median Income
$56,641
Home Value
$132,500
Median Rent
$683/mo
Unemployment
10.5%
Sales Tax
7.1%
View all cities in Mississippi →
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