Hernando, MS Cost Of Living
Cost Of Living In Hernando, MS Summary
Cost of living in Hernando 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 Hernando 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 Hernando is 102, with 100 being the average.
The cost of living index in Hernando is 1.0x higher than the national average.
Hernando ranks as the #67 cheapest in Mississippi out of 68.
Hernando ranks as the #2,846 cheapest out of 6,489 in the US.
The median home value in Hernando is $341,344.
The median income in Hernando is $71,451.
Table Of Contents
Hernando's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Hernando, MS?
According to the most recent data on the cost of living, Hernando has an overall cost of living index of 102, which is 1.0x higher than the national index of 100.
Compared to Mississippi, Hernando has a cost of living index that's 1.2x higher than Mississippi's index of 84.
The standard of living in Hernando ranks as #67 most affordable out of the 68 places we measured in Mississippi. By definition, that implies Hernando ranks as the #1 most expensive place in the Magnolia State.
For more reading on life in Hernando, check out:
In Mississippi
In America
Hernando Cost Of Living Vs. Mississippi
Six factors go into calculating the cost of living index in Hernando. Here is how it fairs on each of the criteria:
The Services index in Hernando is 96.
The Groceries index in Hernando is 102.
The Health index in Hernando is 86.
The Housing index in Hernando is 118.
The Transportation index in Hernando is 89.
The Utilities index in Hernando is 91.
| Living Expense | Hernando | Mississippi | National Average | |
|---|---|---|---|---|
| Overall | 102 | 84 | 100 | |
| Services | 96 | 90 | 100 | |
| Groceries | 102 | 95 | 100 | |
| Health | 86 | 96 | 100 | |
| Housing | 118 | 63 | 100 | |
| Transportation | 89 | 90 | 100 | |
| Utilities | 91 | 85 | 100 | |
Hernando, 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 Hernando is $341,344.
The Median Rent in Hernando is $1,163.
The Median Income in Hernando is $71,451.
The Home Value To Income in Hernando is 4.8x.
The Rent To Monthly Income in Hernando is 0.2x.
| Statistic | Hernando | Mississippi | United States |
|---|---|---|---|
| Median Home Value | $341,344 | $188,640 | $303,400 |
| Median Rent | $1,163 | $923 | $1,348 |
| Median Income | $71,451 | $54,915 | $78,538 |
| Home Value To Income | 4.8x | 3.4x | 3.9x |
| Rent To Monthly Income | 0.2x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Hernando, MS Costs By Category
Detailed Hernando Services Costs Vs. Mississippi
| Item | Hernando | Mississippi |
|---|---|---|
| Shampoo | $1.11 | $1.28 |
| Movie | $11.99 | $12.13 |
| Bowling | $13.75 | $18 |
| Haircut | $26.94 | $24.26 |
| Beauty Salon | $41.92 | $45.56 |
Detailed Hernando Groceries Costs Vs. Mississippi
| Item | Hernando | Mississippi |
|---|---|---|
| Ground Beef | $6.1 | $5.84 |
| Fried Chicken | $1.46 | $1.57 |
| Milk | $4.71 | $4.67 |
| Potatoes | $5.15 | $4.93 |
| Pizza | $10.66 | $12.09 |
| Beer | $9.95 | $10.41 |
| Toothpaste | $3.62 | $3.7 |
Detailed Hernando Health Costs Vs. Mississippi
| Item | Hernando | Mississippi |
|---|---|---|
| Optometrist | $77.39 | $125.68 |
| Doctor | $124.94 | $135.78 |
| Dentist | $91.51 | $113.29 |
Detailed Hernando Transportation Costs Vs. Mississippi
| Item | Hernando | Mississippi |
|---|---|---|
| Gasoline | $3.14 | $3.46 |
| Tire Balancing | $55.67 | $59.92 |
Detailed Hernando Utilities Costs Vs. Mississippi
| Item | Hernando | Mississippi |
|---|---|---|
| All Electricity | $163.38 | $193.99 |
| Phone | $192.72 | $192.25 |
Hernando SnackAbility
/10
Cost Of Living In Cities Around Hernando
The cost of living varies in the cities and towns around Hernando. Here's a quick look at the cost of living in the most populous nearby places:
Memphis, TN has a cost of living index of 84, 0.8x Hernando.
Southaven, MS has a cost of living index of 96, 0.9x Hernando.
Olive Branch, MS has a cost of living index of 97, 1.0x Hernando.
| City | Population | Cost Of Living | Vs. Hernando |
|---|---|---|---|
| Memphis, TN | 629,063 | 84 | 0.8x |
| Southaven, MS | 55,531 | 96 | 0.9x |
| Olive Branch, MS | 46,538 | 97 | 1.0x |
| Germantown, TN | 40,812 | 115 | 1.1x |
| Horn Lake, MS | 26,622 | 86 | 0.8x |
| Senatobia, MS | 8,306 | 86 | 0.8x |
