What is the cost of living in Indianola, MS?
According to the most recent data on the cost of living, Indianola has an overall cost of living index of 84, which is 0.8x lower than the national index of 100.
Compared to Mississippi, Indianola has a cost of living index that's 1.0x lower than Mississippi's index of 88.
The standard of living in Indianola ranks as #9 most affordable out of the 67 places we measured in Mississippi. By definition, that implies Indianola ranks as the #58 most expensive place in the Magnolia State.
For more reading on life in Indianola, check out:
Indianola Cost Of Living Vs. Mississippi
Six factors go into calculating the cost of living index in Indianola. Here is how it fares on each of the criteria:
The Services index in Indianola is 97.
The Groceries index in Indianola is 97.
The Health index in Indianola is 54.
The Housing index in Indianola is 96.
The Transportation index in Indianola is 98.
The Utilities index in Indianola is 93.
| Living Expense | Indianola | Mississippi | National Average |
|---|---|---|---|
| Overall | 84 | 88 | 100 |
| Services | 97 | 99 | 100 |
| Groceries | 97 | 97 | 100 |
| Health | 54 | 63 | 100 |
| Housing | 96 | 94 | 100 |
| Transportation | 98 | 97 | 100 |
| Utilities | 93 | 93 | 100 |
Indianola 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
Indianola, 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 Indianola is $103,787.
The Median Rent in Indianola is $720.
The Median Income in Indianola is $41,708.
The Home Value To Income in Indianola is 2.5x.
The Rent To Monthly Income in Indianola is 0.21x.
| Statistic | Indianola | Mississippi | United States |
|---|---|---|---|
| Median Home Value | $103,787 | $192,906 | $332,700 |
| Median Rent | $720 | $954 | $1,413 |
| Median Income | $41,708 | $56,447 | $80,734 |
| Home Value To Income | 2.5x | 3.4x | 4.1x |
| Rent To Monthly Income | 0.21x | 0.2x | 0.21x |
Indianola, MS Costs By Category
Detailed Indianola Services costs vs. Mississippi
| Item | Indianola | Mississippi |
|---|---|---|
| Shampoo | $1.24 | $1.28 |
| Movie | $13.59 | $12.13 |
| Bowling | $20.0 | $18 |
| Haircut | $22.5 | $24.26 |
| Beauty Salon | $41.67 | $45.56 |
Detailed Indianola Groceries costs vs. Mississippi
| Item | Indianola | Mississippi |
|---|---|---|
| Ground Beef | $6.19 | $5.84 |
| Fried Chicken | $1.67 | $1.57 |
| Milk | $4.64 | $4.67 |
| Potatoes | $5.1 | $4.93 |
| Pizza | $12.66 | $12.09 |
| Beer | $9.66 | $10.41 |
| Toothpaste | $3.62 | $3.7 |
Detailed Indianola Health costs vs. Mississippi
| Item | Indianola | Mississippi |
|---|---|---|
| Optometrist | $106.25 | $125.68 |
| Doctor | $134.71 | $135.78 |
| Dentist | $121.33 | $113.29 |
Detailed Indianola Transportation costs vs. Mississippi
| Item | Indianola | Mississippi |
|---|---|---|
| Gasoline | $3.02 | $3.46 |
| Tire Balancing | $38.33 | $59.92 |
Detailed Indianola Utilities costs vs. Mississippi
| Item | Indianola | Mississippi |
|---|---|---|
| All Electricity | $141.59 | $193.99 |
| Phone | $187.62 | $192.25 |
Indianola SnackAbility
Cost Of Living In Cities Around Indianola
The cost of living varies in the cities and towns around Indianola. Here's a quick look at the cost of living in the most populous nearby places:
Greenville, MS has a cost of living index of 85, 1.0x Indianola.
Greenwood, MS has a cost of living index of 84, 1.0x Indianola.
Cleveland, MS has a cost of living index of 90, 1.1x Indianola.
| City | Population | Cost Of Living | Vs. Indianola |
|---|---|---|---|
| Greenville, MS | 28,166 | 85 | 1.0x |
| Greenwood, MS | 14,086 | 84 | 1.0x |
| Cleveland, MS | 10,623 | 90 | 1.1x |
