Cost of Living in Carrollton, MS

With a cost of living index of 94, Carrollton, MS is slightly more affordable than average. Living here is 6% cheaper than the national average and 23% above the Mississippi state average of 71. Carrollton is a small community of 423 residents.

Housing costs are the biggest factor in Carrollton's cost of living. The median monthly rent is $1,731 (31% above the US median of $1,319), and the median home value sits at $118,100 (61% below the national median of $304,900). At current prices, the median home costs roughly 1.4x the median household income — well within traditional affordability guidelines.

The median household income in Carrollton is $83,523, which is 11% higher than the national median of $75,149. Residents spend roughly 25% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Carrollton. The area sees an average annual temperature of 64°F, with summers averaging 81°F and winters around 47°F. Annual rainfall totals 51.8 inches spread over roughly 107 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

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.