Cost of Living in Senatobia, MS

Population 8,306 · Mississippi · Data vintage 2023

66
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Under 25,000 residents gives Senatobia a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $208,000. An unemployment rate of 2.6% points to a labor market well on the tight side of the national distribution.

Geographically, Senatobia is about 35 miles south of Memphis, the nearest large metro. Median home values run roughly 32% higher than Memphis' $157,000.

Cost Overview

Housing 68
Rent 63

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

About the Cost of Living in Senatobia

The median home value in Senatobia is $208,000 — 32% below the national median of $305,000. Median rent runs $830/month, 37% lower than the national median of $1,314/month. The median household income of $52,370/year is 30% lower than the US median of $74,580. The local unemployment rate is 2.6%, 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, Senatobia has a cost of living index of 66 versus the US average of 100, meaning it is 34% less expensive.

🏠 Housing

Median Home Value
$208,000
32% below avg
Zillow Home Value
$237,184
Zillow ZHVI
Median Rent
$830/mo
37% below avg
Price-to-Rent Ratio
20.9x
Favors renting
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 51.0%
Renter-occupied 49.0%

💰 Estimated Monthly Budget

Rent median rent
$830
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,444/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
33.9 min
26% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
0.4%

Commute Mode

Drove alone
92.5%
Carpooled
5.9%
Walked
1.2%
Work from home
0.4%

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
$52,370
30% below avg
Per Capita Income
$24,541
Unemployment Rate
2.6%
47% below avg
Poverty Rate
26.4%
Labor Force Participation
56.1%

🎓 Education

Bachelor's degree+ 17.6%
Graduate degree 11.1%

👥 Demographics

Median Age 30.9
Male median age 25
Female median age 34.6

🏫 Schools

NCES CCD 2019 — public school district data

87%
4-Year Graduation Rate
14.5:1
Student-teacher ratio
4
Public schools
1,649
Total enrollment

Frequently Asked Questions

What is the cost of living in Senatobia, MS?

Senatobia has a cost index of 66 (100 = national average). It is 34% below the national average.

What is average rent in Senatobia, MS?

The median gross rent in Senatobia is $830 per month based on 2023 Census data.

What is the average home price in Senatobia?

The median home value in Senatobia is $208,000 according to Zillow and Census data.

What is the median income in Senatobia?

The median household income in Senatobia is $52,370 per year (2023 ACS 5-year estimates).

What is the sales tax in Senatobia, MS?

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

Is Senatobia, MS affordable?

Yes, Senatobia is generally considered affordable, with a cost of living index of 66 — about 34% below the US national average of 100.