What is the cost of living in Booneville, MS?
According to the most recent data on the cost of living, Booneville has an overall cost of living index of 89, which is 0.9x lower than the national index of 100.
Compared to Mississippi, Booneville has a cost of living index that's 1.0x higher than Mississippi's index of 88.
The standard of living in Booneville ranks as #33 most affordable out of the 67 places we measured in Mississippi. By definition, that implies Booneville ranks as the #34 most expensive place in the Magnolia State.
For more reading on life in Booneville, check out:
Booneville Cost Of Living Vs. Mississippi
Six factors go into calculating the cost of living index in Booneville. Here is how it fares on each of the criteria:
The Services index in Booneville is 99.
The Groceries index in Booneville is 94.
The Health index in Booneville is 67.
The Housing index in Booneville is 94.
The Transportation index in Booneville is 101.
The Utilities index in Booneville is 93.
| Living Expense | Booneville | Mississippi | National Average |
|---|---|---|---|
| Overall | 89 | 88 | 100 |
| Services | 99 | 99 | 100 |
| Groceries | 94 | 97 | 100 |
| Health | 67 | 63 | 100 |
| Housing | 94 | 94 | 100 |
| Transportation | 101 | 97 | 100 |
| Utilities | 93 | 93 | 100 |
Booneville Cost Of Living Compared To Mississippi Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Mississippi, check out:
- Most Expensive Cities In Mississippi
- Most Affordable Cities In Mississippi
- Average Rent In Mississippi
Source: Cost-of-living index 2026, normalized to US average = 100
Booneville, MS Housing Cost Breakdown
Housing swings affordability the most between places in Mississippi, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Booneville is $140,559.
The Median Rent in Booneville is $645.
The Median Income in Booneville is $50,879.
The Home Value To Income in Booneville is 2.8x.
The Rent To Monthly Income in Booneville is 0.15x.
| Statistic | Booneville | Mississippi | United States |
|---|---|---|---|
| Median Home Value | $140,559 | $192,906 | $332,700 |
| Median Rent | $645 | $954 | $1,413 |
| Median Income | $50,879 | $56,447 | $80,734 |
| Home Value To Income | 2.8x | 3.4x | 4.1x |
| Rent To Monthly Income | 0.15x | 0.2x | 0.21x |
Booneville, MS Costs By Category
Detailed Booneville Services costs vs. Mississippi
| Item | Booneville | Mississippi |
|---|---|---|
| Shampoo | $1.06 | $1.28 |
| Movie | $10.65 | $12.13 |
| Bowling | $12.5 | $18 |
| Haircut | $23.45 | $24.26 |
| Beauty Salon | $26.75 | $45.56 |
Detailed Booneville Groceries costs vs. Mississippi
| Item | Booneville | Mississippi |
|---|---|---|
| Ground Beef | $6.01 | $5.84 |
| Fried Chicken | $1.62 | $1.57 |
| Milk | $4.51 | $4.67 |
| Potatoes | $5.06 | $4.93 |
| Pizza | $11.06 | $12.09 |
| Beer | $9.17 | $10.41 |
| Toothpaste | $3.71 | $3.7 |
Detailed Booneville Health costs vs. Mississippi
| Item | Booneville | Mississippi |
|---|---|---|
| Optometrist | $120.17 | $125.68 |
| Doctor | $78.94 | $135.78 |
| Dentist | $108.33 | $113.29 |
Detailed Booneville Transportation costs vs. Mississippi
| Item | Booneville | Mississippi |
|---|---|---|
| Gasoline | $3.0 | $3.46 |
| Tire Balancing | $57.33 | $59.92 |
Detailed Booneville Utilities costs vs. Mississippi
| Item | Booneville | Mississippi |
|---|---|---|
| All Electricity | $148.63 | $193.99 |
| Phone | $186.87 | $192.25 |
Booneville SnackAbility
Cost Of Living In Cities Around Booneville
The cost of living varies in the cities and towns around Booneville. Here's a quick look at the cost of living in the most populous nearby places:
Tupelo, MS has a cost of living index of 92, 1.0x Booneville.
Corinth, MS has a cost of living index of 89, 1.0x Booneville.
New Albany, MS has a cost of living index of 85, 1.0x Booneville.
| City | Population | Cost Of Living | Vs. Booneville |
|---|---|---|---|
| Tupelo, MS | 37,791 | 92 | 1.0x |
| Corinth, MS | 14,323 | 89 | 1.0x |
| New Albany, MS | 7,663 | 85 | 1.0x |
| Savannah, TN | 7,412 | 87 | 1.0x |
| Amory, MS | 6,500 | 86 | 1.0x |
| Pontotoc, MS | 5,806 | 88 | 1.0x |
| Ripley, MS | 5,377 | 86 | 1.0x |
| Bolivar, TN | 5,144 | 87 | 1.0x |
