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Cost of Living Calculator for Mississippi

Mississippi charges 4% flat state income tax. Use the cost of living calculator pre-loaded with Mississippi rates.

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Mississippi Tax Overview

State Tax Rate
4%
4% flat
Tax Structure
Flat Rate
No local income tax
Median Income
$44,000
Household, Mississippi
Cost of Living
83
Below Avg (100 = avg)

Why Use the Cost of Living Calculator in Mississippi?

Mississippi's cost of living index is 83, and the flat 4% state tax further affects how far your dollar goes. The low cost of living partially compensates for state taxes, making Mississippi affordable despite the tax burden. This calculator factors in both taxes and cost of living for Mississippi.

Mississippi State Tax Details

Mississippi levies a flat 4% state income tax on all taxable income regardless of how much you earn. This makes tax planning straightforward: for every additional dollar you earn, 4 cents goes to Mississippi. Mississippi does not impose local income taxes, so the 4% flat rate is the only state-level income tax you owe.

Take-Home Pay in Mississippi at Common Salary Levels

The table below shows what you actually keep at five salary levels in Mississippi, accounting for federal tax, FICA, and Mississippi's flat 4% state tax.

Gross SalaryFederal TaxFICAState TaxTotal TaxTake-HomeEff. Rate
$50,000$3,820$3,825$2,000$9,645$40,35519.3%
$75,000$7,725$5,738$3,000$16,463$58,53821.9%
$100,000$13,225$7,650$4,000$24,875$75,12524.9%
$150,000$24,774$11,475$6,000$42,249$107,75128.2%
$200,000$36,774$14,339$8,000$59,113$140,88729.6%

Cost of Living in Nearby South States

See how Mississippi compares to other South states. Each link takes you to the cost of living calculator landing page for that state.

Florida0% tax
$79,125+$4,000
Tennessee0% tax
$79,125+$4,000
Texas0% tax
$79,125+$4,000
Arkansas3.9%
$76,590+$1,465
Oklahoma4.5%
$76,200+$1,075

Explore Mississippi in Depth

For a comprehensive breakdown of Mississippis tax structure, salary comparisons, cost-of-living analysis, and more, visit the full Mississippi take-home pay page.

The Take-Home Tax Guide
Weekly tips on reducing your tax burden, state tax changes, and salary negotiation strategies. Free.