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Petal, MS

Complete financial data dashboard — cost of living, mortgage calculator, salary comparisons, and tax details.Source: U.S. Census Bureau ACS 2023 · FRED

Cost Index
49
Very Affordable
Median Home Value
$161,400
National: $426,735
Median Rent
$958/mo
National: $1,527/mo
Household Income
$72,845
National: $84,532
Population
11,195
Purchasing Power
176
100 = national baseline

Cost of Living Breakdown

Housing Cost Index
38 / 100
100 = national average
Rent Index
63 / 100
Overall Index
49
Very Affordable

Petal Mortgage Calculator

Pre-filled with the local median home value of $161,400 and Mississippi's property tax rate of 0.81%.

Salary & Purchasing Power

Median household income is $72,845 14% below the national average.

What $72,845 in Petal Gets You Elsewhere

CityEquivalent SalaryDifference
New York, NY$224,482+208%
Los Angeles, CA$252,728+247%
Detroit, MI$59,465-18%

Property Tax in Petal, MS

Est. Annual Property Tax
$1,307
Monthly Impact
$109
Added to your mortgage
Effective Rate
0.81%
National avg: ~1.00%

Mississippi Tax Overview

Tax TypeMississippiNational Avg
Property Tax Rate0.81%1.00%
Top Income Tax Rate5%~5.0%
State Sales Tax7.07%~5.0%

Compare Petal to Another City

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Cost of Living Comparison

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Petal, MS
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Cost Index Comparison (100 = National Avg)

Housing CostsNational Avg: 100
Petal, MS: 38
Rent Prices
63
LC
Reviewed by LivabilityCalc Research Team
Financial Data Analysts · Census & Economic Data Specialists
📊 Data Sources & Methodology
  • Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 2023 1-Year Estimates
  • Mortgage Rates: Freddie Mac Primary Mortgage Market Survey via Federal Reserve Economic Data (FRED)
  • Tax Rates: Tax Foundation State & Local Tax Data, 2024
  • Cost of Living Index: Calculated using Census housing + rental data vs. national median (see methodology)
Last data update: March 2026 · Mortgage rates updated weekly · Page auto-refreshes every 24 hours via ISR