Cost of living in Ripley 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 Ripley 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 Ripley is 78, with 100 being the average.
The cost of living index in Ripley is 0.8x lower than the national average.
Ripley ranks as the #5 cheapest in Mississippi out of 69.
Ripley ranks as the #113 cheapest out of 6,412 in the US.
The median home value in Ripley is $113,700.
The median income in Ripley is $54,647.
According to the most recent data on the cost of living, Ripley has an overall cost of living index of 78, which is 0.8x lower than the national index of 100.
Compared to Mississippi, Ripley has a cost of living index that's 0.9x lower than Mississippi's index of 86.
The standard of living in Ripley ranks as #5 most affordable out of the 69 places we measured in Mississippi. By definition, that implies Ripley ranks as the #64 most expensive place in the Magnolia State.
For more reading on life in Ripley, check out:
Six factors go into calculating the cost of living index in Ripley. Here is how it fairs on each of the criteria:
The Services index in Ripley is 90.
The Groceries index in Ripley is 86.
The Health index in Ripley is 80.
The Housing index in Ripley is 51.
The Transportation index in Ripley is 87.
The Utilities index in Ripley is 89.
|Living Expense||Ripley||Mississippi||National Average|
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 Ripley is $113,700.
The Median Rent in Ripley is $546.
The Median Income in Ripley is $54,647.
The Home Value To Income in Ripley is 2.1x.
The Rent To Monthly Income in Ripley is 0.12x.
|Median Home Value||$113,700||$133,000||$244,900|
|Home Value To Income||2.1x||2.7x||3.5x|
|Rent To Monthly Income||0.12x||0.2x||0.2x|
The cost of living varies in the cities and towns around Ripley. Here's a quick look at the cost of living in the most populous nearby places:
Collierville, TN has a cost of living index of 107, 1.4x Ripley.
Tupelo, MS has a cost of living index of 82, 1.1x Ripley.
Oxford, MS has a cost of living index of 96, 1.2x Ripley.
|City||Population||Cost Of Living||Vs. Ripley|
|New Albany, MS||7,657||83||1.1x|
|Holly Springs, MS||6,743||77||1.0x|