Farmington, MS vs Meridian Station, MS
There is a significant gap in the cost of living between these two cities. Farmington is 29% cheaper than Meridian Station. With a cost index of 69 vs 97, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Farmington to Meridian Station should plan for substantially higher expenses across most categories.
Renters will find that Farmington has a median rent of $879/month while Meridian Station comes in at $1,341/month, a 35% difference.
Median household income in Farmington is $50,294 compared to $51,500 in Meridian Station (-2.3%). Meridian Station does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Farmington spend roughly 21% of their income on rent, less than the 31.2% in Meridian Station. The Farmington ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.
Climate-wise, Meridian Station is notably warmer with an average of 65.9°F compared to 60.7°F in Farmington. Farmington receives more rainfall at 57.6" per year compared to 54.8" in Meridian Station.
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Climate
NOAA 30-year normals (1991-2020)