Cost of Living in Tupelo, MS

Population 37,825 · Mississippi · Data vintage 2023

68
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Tupelo offers a notably favorable income-to-housing ratio for its region. The typical home — $201,000 — costs less than 3 times median household income of $66,314, a threshold many coastal markets passed a decade ago.

Geographically, Tupelo lies roughly 90 miles southeast of the nearest major metro, Memphis. Median home values run roughly 28% higher than Memphis' $157,000.

Cost Overview

Housing 66
Rent 72

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

About the Cost of Living in Tupelo

The median home value in Tupelo is $201,300 — 34% below the national median of $305,000. Median rent runs $940/month, 28% lower than the national median of $1,314/month. The median household income of $66,314/year is 11% lower than the US median of $74,580. The local unemployment rate is 5.1%, 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%. The climate averages highs of 74.3°F and lows of 52.8°F, with about 1.5" of annual snowfall. Overall, Tupelo has a cost of living index of 68 versus the US average of 100, meaning it is 32% less expensive.

🏠 Housing

Median Home Value
$201,300
34% below avg
Zillow Home Value
$203,339
Zillow ZHVI
Median Rent
$940/mo
28% below avg
Zillow Rent
$1,224/mo
Zillow ZORI
Price-to-Rent Ratio
17.8x
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 62.7%
Renter-occupied 37.3%

💰 Estimated Monthly Budget

Rent median rent
$940
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,554/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
20.9 min
23% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
5.0%

Commute Mode

Drove alone
86.7%
Carpooled
6.8%
Public transit
0.3%
Walked
0.4%
Bicycle
0.1%
Work from home
5.0%

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
$66,314
11% below avg
Per Capita Income
$37,741
Unemployment Rate
5.1%
5% above avg
Poverty Rate
13.8%
Labor Force Participation
63.6%

🎓 Education

Bachelor's degree+ 21.3%
Graduate degree 13.8%

👥 Demographics

Median Age 38.4
Male median age 36.5
Female median age 39.4

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
74.3°F
Avg Low
52.8°F
Annual Precip
57.7"
Annual Snowfall
1.5"
30° 48° 65° 83° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 535866758390929287776456
Low °F 343744526169727164524236
Precip" 4.825.295.375.515.225.014.504.073.573.964.485.94
Snow" 0.60.60.20.00.00.00.00.00.00.00.00.1

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 42 — Good
86.5%
Good air days/yr
122
Max AQI recorded
0
PM2.5 days
245
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

88%
4-Year Graduation Rate
14.2:1
Student-teacher ratio
28
Public schools
13,722
Total enrollment

Frequently Asked Questions

What is the cost of living in Tupelo, MS?

Tupelo has a cost index of 68 (100 = national average). It is 32% below the national average.

What is average rent in Tupelo, MS?

The median gross rent in Tupelo is $940 per month based on 2023 Census data.

What is the average home price in Tupelo?

The median home value in Tupelo is $201,300 according to Zillow and Census data.

What is the median income in Tupelo?

The median household income in Tupelo is $66,314 per year (2023 ACS 5-year estimates).

What is the sales tax in Tupelo, MS?

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

Is Tupelo, MS affordable?

Yes, Tupelo is generally considered affordable, with a cost of living index of 68 — about 32% below the US national average of 100.

What is the weather like in Tupelo?

Tupelo has average high temperatures of 74.3°F and average lows of 52.8°F. Annual precipitation is 57.7". Average annual snowfall is 1.5". Data from NOAA 1991–2020 Climate Normals.

Tupelo at a Glance

Population
37,825
Median Income
$66,314
Home Value
$201,300
Median Rent
$940/mo
Unemployment
5.1%
Avg High Temp
74.3°F
Sales Tax
7.1%
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