Hernando, MS Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

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 90, with 100 being the average.

  • The cost of living index in Hernando is 0.9x lower than the national average.

  • Hernando ranks as the #48 cheapest in Mississippi out of 69.

  • Hernando ranks as the #1,633 cheapest out of 6,412 in the US.

  • The median home value in Hernando is $236,600.

  • The median income in Hernando is $64,240.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
90
Hernando's Overall Cost Of Living
0.9x
Lower 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 90, which is 0.9x lower than the national index of 100.

Compared to Mississippi, Hernando has a cost of living index that's 1.0x higher than Mississippi's index of 86.

The standard of living in Hernando ranks as #48 most affordable out of the 69 places we measured in Mississippi. By definition, that implies Hernando ranks as the #21 most expensive place in the Magnolia State.

For more reading on life in Hernando, check out:

48 out of 69
In Mississippi
1,633 out of 6,412
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 93.

  • The Groceries index in Hernando is 88.

  • The Health index in Hernando is 82.

  • The Housing index in Hernando is 93.

  • The Transportation index in Hernando is 88.

  • The Utilities index in Hernando is 87.

Living Expense Hernando Mississippi National Average
Overall 90 86 100
Services 93 92 100
Groceries 88 94 100
Health 82 98 100
Housing 93 69 100
Transportation 88 91 100
Utilities 87 87 100
For more reading on cost of living around Mississippi, check out:
Hernando Cost of Living Vs. MS

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 2017-2021. The key points are:

  • The Median Home Value in Hernando is $236,600.

  • The Median Rent in Hernando is $1,117.

  • The Median Income in Hernando is $64,240.

  • The Home Value To Income in Hernando is 3.7x.

  • The Rent To Monthly Income in Hernando is 0.21x.

Statistic Hernando Mississippi United States
Median Home Value $236,600 $133,000 $244,900
Median Rent $1,117 $830 $1,163
Median Income $64,240 $49,111 $69,021
Home Value To Income 3.7x 2.7x 3.5x
Rent To Monthly Income 0.21x 0.2x 0.2x
Search Homes For Sale In Hernando, MS
$236,600
Median Home Value
$1,117
Median Rent
$64,240
Median Income

Hernando, MS Costs By Category

Detailed Hernando Services Costs Vs. Mississippi

Item Hernando Mississippi
Shampoo $0.91 $1.06
Movie $11.5 $10.68
Bowling $16.47 $14.67
Haircut $15.07 $18.62
Beauty Salon $36.63 $39.05

Detailed Hernando Groceries Costs Vs. Mississippi

Item Hernando Mississippi
Ground Beef $3.42 $4.22
Fried Chicken $0.98 $1.39
Milk $1.79 $2.05
Potatoes $3.62 $3.29
Pizza $10.37 $10.62
Beer $9.22 $9.38
Toothpaste $1.65 $2.34

Detailed Hernando Health Costs Vs. Mississippi

Item Hernando Mississippi
Optometrist $74.47 $108.57
Doctor $84.25 $116.17
Dentist $77.68 $99.13

Detailed Hernando Transportation Costs Vs. Mississippi

Item Hernando Mississippi
Gasoline $1.94 $2.22
Tire Balancing $40.73 $50.07

Detailed Hernando Utilities Costs Vs. Mississippi

Item Hernando Mississippi
All Electricity $133.97 $167.67
Phone $184.96 $175.64

Hernando SnackAbility

8
/10
Overall SnackAbility
Jobs
8.5/10
Housing
8
Affordability
7
Diversity
8
Safety
8.5
Amenities
8
Education
8
Commute
7

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 79, 0.9x Hernando.

  • Southaven, MS has a cost of living index of 88, 1.0x Hernando.

  • Germantown, TN has a cost of living index of 108, 1.2x Hernando.

City Population Cost Of Living Vs. Hernando
Memphis, TN 634,139 79 0.9x
Southaven, MS 54,141 88 1.0x
Germantown, TN 40,955 108 1.2x
Olive Branch, MS 39,136 94 1.0x
Horn Lake, MS 26,623 83 0.9x
Senatobia, MS 8,075 86 1.0x

Articles About Mississippi

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