What is the cost of living in Southaven, MS?
According to the most recent data on the cost of living, Southaven has an overall cost of living index of 95, which is 0.9x lower than the national index of 100.
Compared to Mississippi, Southaven has a cost of living index that's 1.1x higher than Mississippi's index of 88.
The standard of living in Southaven ranks as #52 most affordable out of the 67 places we measured in Mississippi. By definition, that implies Southaven ranks as the #15 most expensive place in the Magnolia State.
For more reading on life in Southaven, check out:
Southaven Cost Of Living Vs. Mississippi
Six factors go into calculating the cost of living index in Southaven. Here is how it fares on each of the criteria:
The Services index in Southaven is 100.
The Groceries index in Southaven is 95.
The Health index in Southaven is 96.
The Housing index in Southaven is 94.
The Transportation index in Southaven is 101.
The Utilities index in Southaven is 96.
| Living Expense | Southaven | Mississippi | National Average |
|---|---|---|---|
| Overall | 95 | 88 | 100 |
| Services | 100 | 99 | 100 |
| Groceries | 95 | 97 | 100 |
| Health | 96 | 63 | 100 |
| Housing | 94 | 94 | 100 |
| Transportation | 101 | 97 | 100 |
| Utilities | 96 | 93 | 100 |
Southaven 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
Southaven, 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 Southaven is $274,141.
The Median Rent in Southaven is $1,445.
The Median Income in Southaven is $78,483.
The Home Value To Income in Southaven is 3.5x.
The Rent To Monthly Income in Southaven is 0.22x.
| Statistic | Southaven | Mississippi | United States |
|---|---|---|---|
| Median Home Value | $274,141 | $192,906 | $332,700 |
| Median Rent | $1,445 | $954 | $1,413 |
| Median Income | $78,483 | $56,447 | $80,734 |
| Home Value To Income | 3.5x | 3.4x | 4.1x |
| Rent To Monthly Income | 0.22x | 0.2x | 0.21x |
Southaven, MS Costs By Category
Detailed Southaven Services costs vs. Mississippi
| Item | Southaven | 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 Southaven Groceries costs vs. Mississippi
| Item | Southaven | 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 Southaven Health costs vs. Mississippi
| Item | Southaven | Mississippi |
|---|---|---|
| Optometrist | $77.39 | $125.68 |
| Doctor | $124.94 | $135.78 |
| Dentist | $91.51 | $113.29 |
Detailed Southaven Transportation costs vs. Mississippi
| Item | Southaven | Mississippi |
|---|---|---|
| Gasoline | $3.14 | $3.46 |
| Tire Balancing | $55.67 | $59.92 |
Detailed Southaven Utilities costs vs. Mississippi
| Item | Southaven | Mississippi |
|---|---|---|
| All Electricity | $163.38 | $193.99 |
| Phone | $192.72 | $192.25 |
Southaven SnackAbility
Cost Of Living In Cities Around Southaven
The cost of living varies in the cities and towns around Southaven. 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, 1.0x Southaven.
Collierville, TN has a cost of living index of 118, 1.2x Southaven.
Olive Branch, MS has a cost of living index of 103, 1.1x Southaven.
| City | Population | Cost Of Living | Vs. Southaven |
|---|---|---|---|
| Memphis, TN | 618,980 | 93 | 1.0x |
| Collierville, TN | 51,515 | 118 | 1.2x |
| Olive Branch, MS | 47,019 | 103 | 1.1x |
| Germantown, TN | 40,673 | 121 | 1.3x |
| Horn Lake, MS | 26,647 | 89 | 0.9x |
| West Memphis, AR | 23,929 | 85 | 0.9x |
| Hernando, MS | 17,949 | 102 | 1.1x |
