Grenada, MS Cost Of Living
Cost Of Living In Grenada, MS Summary
Cost of living in Grenada research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Grenada is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Mississippi, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Grenada is 79, with 100 being the average.
The cost of living index in Grenada is 0.8x lower than the national average.
Grenada ranks as the #6 cheapest in Mississippi out of 68.
Grenada ranks as the #76 cheapest out of 6,489 in the US.
The median home value in Grenada is $132,759.
The median income in Grenada is $42,470.
Table Of Contents
Grenada's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Grenada, MS?
According to the most recent data on the cost of living, Grenada has an overall cost of living index of 79, which is 0.8x lower than the national index of 100.
Compared to Mississippi, Grenada has a cost of living index that's 0.9x lower than Mississippi's index of 84.
The standard of living in Grenada ranks as #6 most affordable out of the 68 places we measured in Mississippi. By definition, that implies Grenada ranks as the #62 most expensive place in the Magnolia State.
For more reading on life in Grenada, check out:
In Mississippi
In America
Grenada Cost Of Living Vs. Mississippi
Six factors go into calculating the cost of living index in Grenada. Here is how it fairs on each of the criteria:
The Services index in Grenada is 86.
The Groceries index in Grenada is 97.
The Health index in Grenada is 87.
The Housing index in Grenada is 59.
The Transportation index in Grenada is 90.
The Utilities index in Grenada is 86.
| Living Expense | Grenada | Mississippi | National Average | |
|---|---|---|---|---|
| Overall | 79 | 84 | 100 | |
| Services | 86 | 90 | 100 | |
| Groceries | 97 | 95 | 100 | |
| Health | 87 | 96 | 100 | |
| Housing | 59 | 63 | 100 | |
| Transportation | 90 | 90 | 100 | |
| Utilities | 86 | 85 | 100 | |
Grenada, 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 2019-2023. The key points are:
The Median Home Value in Grenada is $132,759.
The Median Rent in Grenada is $799.
The Median Income in Grenada is $42,470.
The Home Value To Income in Grenada is 3.1x.
The Rent To Monthly Income in Grenada is 0.23x.
| Statistic | Grenada | Mississippi | United States |
|---|---|---|---|
| Median Home Value | $132,759 | $188,640 | $303,400 |
| Median Rent | $799 | $923 | $1,348 |
| Median Income | $42,470 | $54,915 | $78,538 |
| Home Value To Income | 3.1x | 3.4x | 3.9x |
| Rent To Monthly Income | 0.23x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Grenada, MS Costs By Category
Detailed Grenada Services Costs Vs. Mississippi
| Item | Grenada | 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 Grenada Groceries Costs Vs. Mississippi
| Item | Grenada | 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 Grenada Health Costs Vs. Mississippi
| Item | Grenada | Mississippi |
|---|---|---|
| Optometrist | $120.17 | $125.68 |
| Doctor | $78.94 | $135.78 |
| Dentist | $108.33 | $113.29 |
Detailed Grenada Transportation Costs Vs. Mississippi
| Item | Grenada | Mississippi |
|---|---|---|
| Gasoline | $3.0 | $3.46 |
| Tire Balancing | $57.33 | $59.92 |
Detailed Grenada Utilities Costs Vs. Mississippi
| Item | Grenada | Mississippi |
|---|---|---|
| All Electricity | $148.63 | $193.99 |
| Phone | $186.87 | $192.25 |
Grenada SnackAbility
/10
Cost Of Living In Cities Around Grenada
The cost of living varies in the cities and towns around Grenada. Here's a quick look at the cost of living in the most populous nearby places:
Oxford, MS has a cost of living index of 99, 1.3x Grenada.
Greenwood, MS has a cost of living index of 78, 1.0x Grenada.
Batesville, MS has a cost of living index of 92, 1.2x Grenada.
| City | Population | Cost Of Living | Vs. Grenada |
|---|---|---|---|
| Oxford, MS | 26,086 | 99 | 1.3x |
| Greenwood, MS | 13,983 | 78 | 1.0x |
| Batesville, MS | 7,432 | 92 | 1.2x |
