Meridian, MS

Very Low · 50

Mississippi · Population 34,466 · Updated March 2026

$865
Median Rent / Month
$34,657
Median Income
$100,800
Median Home Value
$824
Owner Costs / Month

Affordability

How far your income goes in Meridian

30.0%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

Tax Burden in Mississippi

State-level tax rates that affect your costs

5.0%
Income Tax (Top Rate)
7.0%
Sales Tax
0.67%
Property Tax Rate

Estimated Annual Costs

$10,380
Annual Rent
$1,733
State Income Tax
$675
Property Tax (est.)

Cost of Living Overview

Meridian is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 50 (where 100 equals the national median), Meridian residents can expect to pay median rent of $865/month while earning a median household income of $34,657/year.

The median home value in Meridian, MS is $100,800, with typical monthly owner costs around $824 including mortgage, insurance, and taxes. At 30.0% rent-to-income ratio, residents of Meridian are spending more than the recommended 30% of income on housing, indicating moderate cost burden.

Mississippi has a moderate income tax rate of 5.0%. Combined with a 7.0% sales tax rate and 0.67% effective property tax rate, the overall tax environment is a factor in the total cost of living in Meridian.

Frequently Asked Questions

Common questions about living costs in Meridian

What is the cost of living in Meridian, MS?
The cost of living index in Meridian, MS is 50 (US average = 100). Median monthly rent is $865, median household income is $34,657/year, and the median home value is $100,800.
Is Meridian, MS affordable?
Yes, Meridian is more affordable than the national average with a cost index of 50. The rent-to-income ratio is 30.0%—above the 30%% affordability threshold.
What is the average rent in Meridian, MS?
The median gross rent in Meridian, MS is $865 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $10,380.
What is the median household income in Meridian?
The median household income in Meridian, MS is $34,657 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Mississippi?
Mississippi has a top income tax rate of 5.0%, a sales tax of 7.0%, and an effective property tax rate of 0.67%.