Many people retire to the South, and if you're considering that, one place to think about is the Hospitality State. Mississippi is a great state if you want to enjoy everything this area of the US has to offer, from its catfishing to its southern hospitality. The cost of living is low, which we will get to in a second. Weather-wise, you're in a state where it can be humid all year long, so you're in luck if you like an area without a harsh winter. Mississippi is a great state to live in, and we will break down the costs to tell you why.
Many southern states have a low cost of living, and Mississippi is no exception. The cost of living is about 14 points below the national average, with every price being lower than the rest of the country. So if you're looking for a house, Mississippi is one of the best places to buy one, as its housing is 33.3 points lower than the national average, with the median home cost being much lower than the rest of the country. Even the rent is much cheaper compared to the national average. So if you want to retire in style, Mississippi is an affordable place for you to do so.
| COST OF LIVING | Mississippi | United States |
|---|---|---|
| Overall | 86.1 | 100 |
| Grocery | 93.2 | 100 |
| Housing | 66.6 | 100 |
| Median Home Cost | $119,000 | $291,700 |
| Utilities | 92.3 | 100 |
| Transportation | 89.1 | 100 |
| Miscellaneous | 91.4 | 100 |
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