Cost of Living in Columbia, MS

With a cost of living index of 60, Columbia, MS is one of the most affordable cities in the country. Living here is 40% cheaper than the national average and 10% below the Mississippi state average of 71. Columbia is a smaller community of 5,804 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Columbia's cost of living. The median monthly rent is $656 (50% below the US median of $1,319), and the median home value sits at $112,100 (63% below the national median of $304,900). At current prices, the median home costs roughly 3.3x the median household income — a moderately affordable ratio by today's standards.

The median household income in Columbia is $34,328, which is 54% lower than the national median of $75,149. Residents spend roughly 23% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. 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 Columbia. The area sees an average annual temperature of 66.5°F, with summers averaging 81°F and winters around 51°F. Annual rainfall totals 58.9 inches spread over roughly 118 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

Everyday prices in the Hattiesburg, 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.