Executive Financial Report: Raleigh (39153)
Evaluating relocation options in Smith? The financial baseline for residing in Raleigh, MS (39153) indicates that a single adult needs roughly $2,881 monthly to cover basic survival expenses.
With typical rent and housing utilities averaging an affordable $451 per month—just 16% of baseline expenses—Raleigh offers exceptionally competitive shelter costs compared to wider metropolitan averages across Mississippi.
To maintain sustainable financial health in Raleigh (39153) using the popular 50/30/20 budgeting framework, your essential living expenses ($2,881/month) should not exceed 50% of your net take-home pay. Consequently, an individual needs a target gross annual salary of approximately $69,144 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 $16.62/hour just to meet basic survival costs.
For a family of four (2 adults and 2 children), basic monthly expenditures in Raleigh increase to $5,501 per month ($66,012/year)—approximately 1.9x 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 $59,868, local wages provide a 1.73x coverage ratio relative to single-adult baseline expenses.
Commuting and transit expenses average $976 monthly in 39153, coupled with $493 in healthcare baselines. Tax obligations consume $441 monthly. Local tax structures remain a steady consideration for financial planning. Use our interactive tools below to adjust these benchmarks for your specific situation.