Cost of Living in Meadville, MS

With a cost of living index of 73, Meadville, MS is one of the most affordable cities in the country. Living here is 27% cheaper than the national average and 3% above the Mississippi state average of 71. Meadville is a small community of 569 residents.

Housing costs are the biggest factor in Meadville's cost of living. The median monthly rent is $1,150 (13% below the US median of $1,319), and the median home value sits at $85,200 (72% below the national median of $304,900). At current prices, the median home costs roughly 1.5x the median household income — well within traditional affordability guidelines.

The median household income in Meadville is $56,378, which is 25% lower than the national median of $75,149. Residents spend roughly 24% 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 Meadville. The area sees an average annual temperature of 66.2°F, with summers averaging 80°F and winters around 51°F. Annual rainfall totals 60.6 inches spread over roughly 121 days.

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.