Horn Lake, MS Cost Of Living
Cost Of Living In Horn Lake, MS Summary
Cost of living in Horn Lake 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 Horn Lake 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 Horn Lake is 86, with 100 being the average.
The cost of living index in Horn Lake is 0.9x lower than the national average.
Horn Lake ranks as the #30 cheapest in Mississippi out of 68.
Horn Lake ranks as the #639 cheapest out of 6,489 in the US.
The median home value in Horn Lake is $199,892.
The median income in Horn Lake is $56,847.
Table Of Contents
Horn Lake's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Horn Lake, MS?
According to the most recent data on the cost of living, Horn Lake has an overall cost of living index of 86, which is 0.9x lower than the national index of 100.
Compared to Mississippi, Horn Lake has a cost of living index that's 1.0x higher than Mississippi's index of 84.
The standard of living in Horn Lake ranks as #30 most affordable out of the 68 places we measured in Mississippi. By definition, that implies Horn Lake ranks as the #38 most expensive place in the Magnolia State.
For more reading on life in Horn Lake, check out:
In Mississippi
In America
Horn Lake Cost Of Living Vs. Mississippi
Six factors go into calculating the cost of living index in Horn Lake. Here is how it fairs on each of the criteria:
The Services index in Horn Lake is 96.
The Groceries index in Horn Lake is 101.
The Health index in Horn Lake is 86.
The Housing index in Horn Lake is 76.
The Transportation index in Horn Lake is 88.
The Utilities index in Horn Lake is 91.
| Living Expense | Horn Lake | Mississippi | National Average | |
|---|---|---|---|---|
| Overall | 86 | 84 | 100 | |
| Services | 96 | 90 | 100 | |
| Groceries | 101 | 95 | 100 | |
| Health | 86 | 96 | 100 | |
| Housing | 76 | 63 | 100 | |
| Transportation | 88 | 90 | 100 | |
| Utilities | 91 | 85 | 100 | |
Horn Lake, 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 Horn Lake is $199,892.
The Median Rent in Horn Lake is $1,293.
The Median Income in Horn Lake is $56,847.
The Home Value To Income in Horn Lake is 3.5x.
The Rent To Monthly Income in Horn Lake is 0.27x.
| Statistic | Horn Lake | Mississippi | United States |
|---|---|---|---|
| Median Home Value | $199,892 | $188,640 | $303,400 |
| Median Rent | $1,293 | $923 | $1,348 |
| Median Income | $56,847 | $54,915 | $78,538 |
| Home Value To Income | 3.5x | 3.4x | 3.9x |
| Rent To Monthly Income | 0.27x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Horn Lake, MS Costs By Category
Detailed Horn Lake Services Costs Vs. Mississippi
| Item | Horn Lake | 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 Horn Lake Groceries Costs Vs. Mississippi
| Item | Horn Lake | 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 Horn Lake Health Costs Vs. Mississippi
| Item | Horn Lake | Mississippi |
|---|---|---|
| Optometrist | $77.39 | $125.68 |
| Doctor | $124.94 | $135.78 |
| Dentist | $91.51 | $113.29 |
Detailed Horn Lake Transportation Costs Vs. Mississippi
| Item | Horn Lake | Mississippi |
|---|---|---|
| Gasoline | $3.14 | $3.46 |
| Tire Balancing | $55.67 | $59.92 |
Detailed Horn Lake Utilities Costs Vs. Mississippi
| Item | Horn Lake | Mississippi |
|---|---|---|
| All Electricity | $163.38 | $193.99 |
| Phone | $192.72 | $192.25 |
Horn Lake SnackAbility
/10
Cost Of Living In Cities Around Horn Lake
The cost of living varies in the cities and towns around Horn Lake. 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, 1.0x Horn Lake.
Southaven, MS has a cost of living index of 96, 1.1x Horn Lake.
Olive Branch, MS has a cost of living index of 97, 1.1x Horn Lake.
| City | Population | Cost Of Living | Vs. Horn Lake |
|---|---|---|---|
| Memphis, TN | 629,063 | 84 | 1.0x |
| Southaven, MS | 55,531 | 96 | 1.1x |
| Olive Branch, MS | 46,538 | 97 | 1.1x |
| Germantown, TN | 40,812 | 115 | 1.3x |
| West Memphis, AR | 24,147 | 81 | 0.9x |
| Hernando, MS | 17,580 | 102 | 1.2x |
| Marion, AR | 13,641 | 93 | 1.1x |
