Cost of Living in Southaven, MS
Population 55,531 · Mississippi · Data vintage 2023
(100 = US avg)
Buyers in Southaven can reasonably expect a home to cost less than three years of household income — $215,000 against $76,159 in typical earnings — a ratio that has collapsed to 5:1 or worse in much of the country.
Located 11 miles south of Memphis, Southaven falls within that metro's commuting orbit. Median home values run roughly 37% higher than Memphis' $157,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Southaven
The median home value in Southaven is $214,800 — 30% below the national median of $305,000. Median rent runs $1,361/month, 4% higher than the national median of $1,314/month. The median household income of $76,159/year is 2% higher than the US median of $74,580. The local unemployment rate is 3.9%, 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%. The climate averages highs of 73.0°F and lows of 53.8°F, with about 2.7" of annual snowfall. Overall, Southaven has a cost of living index of 84 versus the US average of 100, meaning it is 16% 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
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 51 | 56 | 64 | 73 | 82 | 89 | 92 | 92 | 86 | 75 | 63 | 53 |
| Low °F | 33 | 37 | 44 | 53 | 62 | 70 | 74 | 73 | 66 | 54 | 43 | 36 |
| Precip" | 4.14 | 4.55 | 5.74 | 5.87 | 5.27 | 3.99 | 4.82 | 3.37 | 3.03 | 3.98 | 4.69 | 5.49 |
| Snow" | 0.9 | 1.0 | 0.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.2 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Southaven, MS?
Southaven has a cost index of 84 (100 = national average). It is 16% below the national average.
What is average rent in Southaven, MS?
The median gross rent in Southaven is $1,361 per month based on 2023 Census data.
What is the average home price in Southaven?
The median home value in Southaven is $214,800 according to Zillow and Census data.
What is the median income in Southaven?
The median household income in Southaven is $76,159 per year (2023 ACS 5-year estimates).
What is the sales tax in Southaven, MS?
The combined state and local sales tax rate in Southaven is 7.1%. The Mississippi state income tax top rate is 4.7%.
Is Southaven, MS affordable?
Yes, Southaven is generally considered affordable, with a cost of living index of 84 — about 16% below the US national average of 100.
What is the weather like in Southaven?
Southaven has average high temperatures of 73.0°F and average lows of 53.8°F. Annual precipitation is 54.9". Average annual snowfall is 2.7". Data from NOAA 1991–2020 Climate Normals.
Southaven at a Glance
- Population
- 55,531
- Median Income
- $76,159
- Home Value
- $214,800
- Median Rent
- $1,361/mo
- Unemployment
- 3.9%
- Avg High Temp
- 73.0°F
- Sales Tax
- 7.1%
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Explore county-level cost of living data
Mississippi Rankings
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