Cost of Living in Canton, MS

With a cost of living index of 69, Canton, MS is one of the most affordable cities in the country. Living here is 31% cheaper than the national average and in line with the Mississippi state average. Canton is a smaller community of 10,863 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Canton's cost of living. The median monthly rent is $949 (28% below the US median of $1,319), and the median home value sits at $111,800 (63% below the national median of $304,900). At current prices, the median home costs roughly 3.2x the median household income — a moderately affordable ratio by today's standards.

The median household income in Canton is $34,812, which is 54% lower than the national median of $75,149. Residents spend roughly 33% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Canton. The area sees an average annual temperature of 65.4°F, with summers averaging 81°F and winters around 49°F. Annual rainfall totals 57.3 inches spread over roughly 110 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

Everyday prices in the Jackson, MS (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.