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 88.
The standard of living in Hernando ranks as #64 most affordable out of the 67 places we measured in Mississippi. By definition, that implies Hernando ranks as the #3 most expensive place in the Magnolia State.
For more reading on life in Hernando, check out:
Hernando Cost Of Living Vs. Mississippi
Six factors go into calculating the cost of living index in Hernando. Here is how it fares on each of the criteria:
The Services index in Hernando is 98.
The Groceries index in Hernando is 96.
The Health index in Hernando is 116.
The Housing index in Hernando is 91.
The Transportation index in Hernando is 101.
The Utilities index in Hernando is 97.
| Living Expense | Hernando | Mississippi | National Average |
|---|---|---|---|
| Overall | 102 | 88 | 100 |
| Services | 98 | 99 | 100 |
| Groceries | 96 | 97 | 100 |
| Health | 116 | 63 | 100 |
| Housing | 91 | 94 | 100 |
| Transportation | 101 | 97 | 100 |
| Utilities | 97 | 93 | 100 |
Hernando 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
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 2020-2024. The key points are:
The Median Home Value in Hernando is $344,671.
The Median Rent in Hernando is $1,302.
The Median Income in Hernando is $76,950.
The Home Value To Income in Hernando is 4.5x.
The Rent To Monthly Income in Hernando is 0.2x.
| Statistic | Hernando | Mississippi | United States |
|---|---|---|---|
| Median Home Value | $344,671 | $192,906 | $332,700 |
| Median Rent | $1,302 | $954 | $1,413 |
| Median Income | $76,950 | $56,447 | $80,734 |
| Home Value To Income | 4.5x | 3.4x | 4.1x |
| Rent To Monthly Income | 0.2x | 0.2x | 0.21x |
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
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 93, 0.9x Hernando.
Southaven, MS has a cost of living index of 95, 0.9x Hernando.
Olive Branch, MS has a cost of living index of 103, 1.0x Hernando.
| City | Population | Cost Of Living | Vs. Hernando |
|---|---|---|---|
| Memphis, TN | 618,980 | 93 | 0.9x |
| Southaven, MS | 56,226 | 95 | 0.9x |
| Olive Branch, MS | 47,019 | 103 | 1.0x |
| Germantown, TN | 40,673 | 121 | 1.2x |
| Horn Lake, MS | 26,647 | 89 | 0.9x |
| Senatobia, MS | 8,380 | 92 | 0.9x |
