Cost of Living in Meridian, MS

With a cost of living index of 66, Meridian, MS is one of the most affordable cities in the country. Living here is 34% cheaper than the national average and 5% below the Mississippi state average of 71. With a population of 34,466, Meridian is a mid-sized community that balances access to services with a more manageable cost of living compared to larger metros.

Housing costs are the biggest factor in Meridian's cost of living. The median monthly rent is $865 (34% below the US median of $1,319), and the median home value sits at $100,800 (67% below the national median of $304,900). At current prices, the median home costs roughly 2.9x the median household income — well within traditional affordability guidelines.

The median household income in Meridian is $34,657, which is 54% lower than the national median of $75,149. Residents spend roughly 30% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. 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 Meridian. The area sees an average annual temperature of 65.9°F, with summers averaging 82°F and winters around 50°F. Annual rainfall totals 57 inches spread over roughly 113 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.