Executive Financial Report: Caledonia (39740)
Evaluating relocation options in Monroe? The financial benchmark for residing in Caledonia, MS (39740) indicates that a single worker needs roughly $2,940 monthly ($35,276.854 annually) to maintain an adequate standard of living.
With typical rent and housing utilities averaging an affordable $535 per month—just 18% of baseline expenses—Caledonia offers exceptionally competitive housing costs compared to wider metropolitan averages across Mississippi.
Local earnings in Caledonia (39740) demonstrate strong purchasing power. The area median family income of $57,514 significantly exceeds the annual baseline living threshold ($35,276.854) by a ratio of 1.63x. This economic buffer allows local households to comfortably absorb inflationary spikes and build long-term wealth.
On the expenditure side, groceries and essential nutrition require approximately $262 per month in Caledonia. Direct tax liabilities consume an estimated $453 monthly (15% of total baseline expenses). Factoring local tax structures into annual compensation planning is highly recommended.
Overall, Caledonia (39740) presents a distinct economic profile within Monroe. Whether you are relocating for career advancement or evaluating localized living expenses, utilizing our interactive tools below will help you tailor these baseline figures to your exact household composition and salary.