Ridgeland, MS Cost Of Living
Cost Of Living In Ridgeland, MS Summary
Cost of living in Ridgeland 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 Ridgeland 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 Ridgeland is 98, with 100 being the average.
The cost of living index in Ridgeland is 1.0x lower than the national average.
Ridgeland ranks as the #62 cheapest in Mississippi out of 68.
Ridgeland ranks as the #2,372 cheapest out of 6,489 in the US.
The median home value in Ridgeland is $275,553.
The median income in Ridgeland is $63,470.
Table Of Contents
Ridgeland's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Ridgeland, MS?
According to the most recent data on the cost of living, Ridgeland has an overall cost of living index of 98, which is 1.0x lower than the national index of 100.
Compared to Mississippi, Ridgeland has a cost of living index that's 1.2x higher than Mississippi's index of 84.
The standard of living in Ridgeland ranks as #62 most affordable out of the 68 places we measured in Mississippi. By definition, that implies Ridgeland ranks as the #6 most expensive place in the Magnolia State.
For more reading on life in Ridgeland, check out:
In Mississippi
In America
Ridgeland Cost Of Living Vs. Mississippi
Six factors go into calculating the cost of living index in Ridgeland. Here is how it fairs on each of the criteria:
The Services index in Ridgeland is 94.
The Groceries index in Ridgeland is 97.
The Health index in Ridgeland is 102.
The Housing index in Ridgeland is 105.
The Transportation index in Ridgeland is 81.
The Utilities index in Ridgeland is 85.
| Living Expense | Ridgeland | Mississippi | National Average | |
|---|---|---|---|---|
| Overall | 98 | 84 | 100 | |
| Services | 94 | 90 | 100 | |
| Groceries | 97 | 95 | 100 | |
| Health | 102 | 96 | 100 | |
| Housing | 105 | 63 | 100 | |
| Transportation | 81 | 90 | 100 | |
| Utilities | 85 | 85 | 100 | |
Ridgeland, 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 Ridgeland is $275,553.
The Median Rent in Ridgeland is $1,204.
The Median Income in Ridgeland is $63,470.
The Home Value To Income in Ridgeland is 4.3x.
The Rent To Monthly Income in Ridgeland is 0.23x.
| Statistic | Ridgeland | Mississippi | United States |
|---|---|---|---|
| Median Home Value | $275,553 | $188,640 | $303,400 |
| Median Rent | $1,204 | $923 | $1,348 |
| Median Income | $63,470 | $54,915 | $78,538 |
| Home Value To Income | 4.3x | 3.4x | 3.9x |
| Rent To Monthly Income | 0.23x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Ridgeland, MS Costs By Category
Detailed Ridgeland Services Costs Vs. Mississippi
| Item | Ridgeland | 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 Ridgeland Groceries Costs Vs. Mississippi
| Item | Ridgeland | 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 Ridgeland Health Costs Vs. Mississippi
| Item | Ridgeland | Mississippi |
|---|---|---|
| Optometrist | $106.25 | $125.68 |
| Doctor | $134.71 | $135.78 |
| Dentist | $121.33 | $113.29 |
Detailed Ridgeland Transportation Costs Vs. Mississippi
| Item | Ridgeland | Mississippi |
|---|---|---|
| Gasoline | $3.02 | $3.46 |
| Tire Balancing | $38.33 | $59.92 |
Detailed Ridgeland Utilities Costs Vs. Mississippi
| Item | Ridgeland | Mississippi |
|---|---|---|
| All Electricity | $141.59 | $193.99 |
| Phone | $187.62 | $192.25 |
Ridgeland SnackAbility
/10
Cost Of Living In Cities Around Ridgeland
The cost of living varies in the cities and towns around Ridgeland. Here's a quick look at the cost of living in the most populous nearby places:
Jackson, MS has a cost of living index of 83, 0.8x Ridgeland.
Madison, MS has a cost of living index of 112, 1.1x Ridgeland.
Pearl, MS has a cost of living index of 89, 0.9x Ridgeland.
| City | Population | Cost Of Living | Vs. Ridgeland |
|---|---|---|---|
| Jackson, MS | 149,827 | 83 | 0.8x |
| Madison, MS | 27,775 | 112 | 1.1x |
| Pearl, MS | 27,458 | 89 | 0.9x |
| Clinton, MS | 27,418 | 92 | 0.9x |
| Brandon, MS | 25,352 | 96 | 1.0x |
| Byram, MS | 12,847 | 90 | 0.9x |
| Canton, MS | 10,863 | 83 | 0.8x |
| Flowood, MS | 10,384 | 96 | 1.0x |
| Richland, MS | 7,250 | 88 | 0.9x |
