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Cost of Living

10/13/2009 — admin

In Grenada County your dollars go further due to a cost of living that ranges about 21 percent below the national average.  In Grenada County companies can pay competitive wages while securing a good standard of living for their employees.

Cost of Living

This index compares the relative cost of living in different locations. Using the United States as the base location (i.e. a value of 100), an index value of 120 means that the cost of living in that particular community is 20 percent higher than in the base location; a value of 94 indicates a more affordable location.

Location

Cost of Living Index

Atlanta, GA

98

Chicago, IL

111

Dallas, TX

96.9

Grenada, MS

79

Jackson, MS

82

Memphis, TN

74

New Orleans, LA

95

Source: Sperling's Best Places (www.bestplaces.net), 2010 data; the total of all cost of living categories is weighted as follows: 30% housing, 15% groceries, 10% transportation, 6% utilities, 7% health care, and 32% miscellaneous (clothing, services, entertainment); state and local taxes are not included. (as of Mar 2011)

Housing Cost and Availability

Starter

Mid-Level 

Executive

Number of Homes
on Market

Average Time
on Market

$38,000- $65,000

$75,000 - $155,000

$175,000 - $300,000

111

175 days

1 or 2 bedrooms
800 to 1000 sq feet
0 to 50 years old

3 or 4 bedrooms 
1200+ square feet
0 to 10 years old

4+ bedrooms
2000+ square feet
0-5 years old

 

 

Source: Coldwell Banker, Janet Kinard  (September 2009)

Rental Housing Costs

Single Family Homes

Apartments / Townhomes

$ 350 to $500 (2-bedroom)

$300 to $400 (1-bedroom)

$600 to $800 (3-bedroom)

$400 to $600 (2-bedroom)

$800 to $1500 (4-bedroom)

$600 to $800 (3-bedroom)

Source: Coldwell Banker (September 2009 )