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Cost of Living in Foxworth, MS (39483)

Quick Financial Snapshot

Hourly Living Wage$17.25 / hrBased on 2,080 hrs/yr
Target 50/30/20 Salary$71,784 / yrTo live comfortably
Family of 4 Monthly Cost$5,457 / mo1.8x single adult baseline

Executive Financial Report: Foxworth (39483)

Evaluating relocation options in Marion? The financial baseline for residing in Foxworth, MS (39483) indicates that a single adult needs roughly $2,991 monthly to cover basic survival expenses.

With typical rent and housing utilities averaging an affordable $552 per month—just 18% of baseline expenses—Foxworth offers exceptionally competitive shelter costs compared to wider metropolitan averages across Mississippi.

To maintain sustainable financial health in Foxworth (39483) using the popular 50/30/20 budgeting framework, your essential living expenses ($2,991/month) should not exceed 50% of your net take-home pay. Consequently, an individual needs a target gross annual salary of approximately $71,784 to cover necessities while building savings. On an hourly basis, working a standard 2,080-hour work year requires a minimum hourly living wage of $17.25/hour just to meet basic survival costs.

For a family of four (2 adults and 2 children), basic monthly expenditures in Foxworth increase to $5,457 per month ($65,484/year)—approximately 1.8x higher than the single-adult baseline. Childcare premiums and multi-bedroom housing represent the largest contributors to this family budget increase. Compared against the area median family income of $48,156, local wages provide a 1.34x coverage ratio relative to single-adult baseline expenses.

Commuting and transit expenses average $933 monthly in 39483, coupled with $493 in healthcare baselines. Tax obligations consume $463 monthly. Local tax structures remain a steady consideration for financial planning. Use our interactive tools below to adjust these benchmarks for your specific situation.

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Total Monthly Cost$2,991Est. $35,889 / year
Housing / Rent$55218.5% of monthly budget
Food & Groceries$257Essential food benchmarks
Area Median Income$48,156Annual household average

Expense Distribution

Detailed Monthly Breakdown

Housing$552
Food$257
Transportation$933
Healthcare$493
Taxes$463
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Frequently Asked Questions

Living Cost FAQs for Foxworth (39483)

Q: What is the minimum hourly living wage required in Foxworth, MS (39483)?

To cover essential living costs without financial distress, a full-time worker (2,080 hours/year) in Foxworth (39483) requires a minimum hourly living wage of $17.25/hour.

Q: How much salary do I need to live comfortably in Foxworth (39483)?

Following the 50/30/20 budgeting rule (where necessities consume 50% of net income), a single adult needs a target gross annual salary of roughly $71,784 to live comfortably in Foxworth (39483).

Q: What is the monthly cost of living for a family of four in Foxworth (39483)?

Estimated baseline monthly living expenses for a family of four (2 adults, 2 children) in Foxworth (39483) are $5,457 per month ($65,484 per year).

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