Cost of Living in University, MS

Population 4,899 · Mississippi · Data vintage 2023

Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Geographically, University is about 55 miles southeast of Memphis, the nearest large metro. Memphis' typical home runs $157,000 for context.

Cost Overview

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

About the Cost of Living in University

The local unemployment rate is 0.3%, 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%.

🏠 Housing

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

🛒 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
8.9 min
67% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
20.0%

Commute Mode

Drove alone
46.9%
Carpooled
0.7%
Walked
32.5%
Work from home
20.0%

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

Per Capita Income
$3,380
Unemployment Rate
0.3%
93% below avg
Labor Force Participation
19.0%

🎓 Education

👥 Demographics

Median Age 19.2
Male median age 19.4
Female median age 19.1

Frequently Asked Questions

What is the cost of living in University, MS?

Cost of living data for University is based on 2023 Census ACS estimates.

What is the sales tax in University, MS?

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

Is University, MS affordable?

Affordability in University depends on your income and lifestyle. Review the housing, rent, and income data above for a complete picture.