Cost of Living in Como, MS

With a cost of living index of 69, Como, 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. Como is a small community of 1,464 residents.

Housing costs are the biggest factor in Como's cost of living. The median monthly rent is $775 (41% below the US median of $1,319), and the median home value sits at $162,500 (47% below the national median of $304,900). At current prices, the median home costs roughly 7.4x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Como is $21,865, which is 71% lower than the national median of $75,149. Residents spend roughly 43% of household income on rent. This is well above the 30% affordability threshold, indicating a significant housing cost burden for many residents. 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 Como. The area sees an average annual temperature of 59.6°F, with summers averaging 77°F and winters around 42°F. Annual rainfall totals 55.5 inches spread over roughly 119 days.

Everyday prices in the Memphis, TN-MS-AR (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.