Franklinton, LA vs Water Valley, MS: Cost of Living

Which city costs less?

Water Valley, MS has a modeled overall cost index 13.6% lower than Franklinton, LA.

Franklinton, LA · modeled 2BR rent
$1,340 / month
Water Valley, MS · modeled 2BR rent
$1,170 / month

These are saved estimates, not current rental listings. Some cities use adjusted regional data. Your household budget can differ from the overall index. Sources and assumptions

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Cost of Living Comparison 2026

Compare Franklinton, LA and Water Valley, MS using saved regional data and explicit budgeting assumptions. Rent estimates are not live listings. Change the salary below, then check the source notes before applying a result to your household.

Saved regional estimates · Sources and assumptions

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Estimated savings: $855/month in Water Valley, MS

$150,000 in your current city has a modeled equivalent of $139,741 in Water Valley, MS

Regional cost estimates: Franklinton, LA uses New Orleans, LA. Water Valley, MS uses Memphis, TN. Available city ZIP rent estimates are shown separately.
Overall Cost
↓ 13.6%
Less expensive
Monthly Impact
$855
Savings
Annual Impact
$10.3K
Per year

Assumes 60% of current gross income goes to living costs. The headline uses the category budget below; taxes, moving costs and savings goals are excluded.

Franklinton, LA

Population:4K
Cost Index:
85.6
100 = national average
Typical Home:$172K

Water Valley, MS

Population:3K
Cost Index:
73.9
100 = national average
Typical Home:$178K

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Franklinton, LA

The Pelican State

4K
Population
State Tax
Yes

Located in Louisiana, this city has a population of 4K residents.

Water Valley, MS

The Magnolia State

3K
Population
State Tax
Yes

Located in Mississippi, this city has a population of 3K residents.

Cost Breakdown by Category

Estimated monthly spending: Franklinton, LA vs Water Valley, MS

Assumes 60% of your current gross income is spent on these categories. The headline and totals use this same budget. Rent estimates below are separate reference data. Rounded amounts may differ by $1.

Housing
↓ 25.6%
Franklinton, LA
$2,203
Water Valley, MS
$1,640
Difference
$563
less
Other
↓ 14.6%
Franklinton, LA
$1,936
Water Valley, MS
$1,653
Difference
$283
less
Groceries
↓ 4.8%
Franklinton, LA
$1,051
Water Valley, MS
$1,000
Difference
$50.71
less
Healthcare
↑ 9.8%
Franklinton, LA
$511
Water Valley, MS
$561
Difference
$50.25
more
Transportation
↓ 3.5%
Franklinton, LA
$1,272
Water Valley, MS
$1,227
Difference
$45.10
less
All Utilities
↑ 7.0%
Franklinton, LA
$527
Water Valley, MS
$564
Difference
$37.12
more

🏠Rent Comparison

Studio
From$970
To$990
↑ $20.00
1 Bed
From$1,120
To$990
↓ $130
2 Bed
From$1,340
To$1,170
↓ $170
3 Bed
From$1,710
To$1,470
↓ $240
Franklinton, LAZIP-level data

1BR range: $1,120–$1,120/mo

Water Valley, MSZIP-level data

1BR range: $990–$990/mo

💡 Note: HUD Fair Market Rents estimate 40th-percentile gross rents, including most tenant-paid utilities. City ZIP summaries are medians of those estimates, not market median rents. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$7,500
Monthly in Franklinton, LA
$6,645
Monthly in Water Valley, MS
$855
Difference

Home Values

Franklinton
Water Valley
$172K
Median Value
$178K
↓ -2.5%
YoY Change
↓ -4.4%
↑ +0.7%
5-Year Change
↑ +6.3%

Homes in Water Valley are 4% more expensive than Franklinton

Calculate payment - FranklintonCalculate payment - Water Valley

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings
↑ $400
Per year
Monthly Difference
$33.33
More take-home
Effective Rate Diff
0.3%
Rate difference

Franklinton, LA

Federal Income Tax
Effective: 18.9%
$25.5K
Louisiana State Tax
Effective: 5.2%
$7.8K
FICA Taxes
Social Security + Medicare
$11.5K
Total Taxes
Effective: 29.8%
$44.8K
Take-Home Pay
$8,770/month
$105.2K

Water Valley, MS

Federal Income Tax
Effective: 18.9%
$25.5K
Mississippi State Tax
Effective: 4.9%
$7.3K
FICA Taxes
Social Security + Medicare
$11.5K
Total Taxes
Effective: 29.6%
$44.4K
Take-Home Pay
$8,803/month
$105.6K

Additional Tax Information

Franklinton, LA Tax Rates

Sales Tax:9.6%
Property Tax:0.5%

Water Valley, MS Tax Rates

Sales Tax:7.1%
Property Tax:0.6%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.

Environment

Franklinton
Water Valley
41 Good
Air Quality
55 Moderate
70.2%
Good Air Days
34.4%
98 High
Climate Risk
99 High
🌊🌀🌡
Top Hazards
🌊🌡🫨
▲+2.2°F
2050 Outlook
▲+2.8°F
46 days
Heat Days >95°F
54 days
▲+2.2°F
2050 Outlook
▲+2.8°F
46 days
Heat Days >95°F
54 days

Before moving from Franklinton, LA to Water Valley, MS

Use this comparison to shortlist a move, then check the costs that depend on your household.

  1. Compare actual homes. Get current quotes in Water Valley, MS for the same bedroom count and included utilities as your home in Franklinton, LA. Add parking, deposits, insurance and any overlapping leases. The rent estimates above are a starting point, not available listings.
  2. Confirm your income. Check your expected pay with your employer, including any location adjustment. Use “Different salary at destination?” above to compare two incomes. The budget model excludes taxes and one-time moving costs; it is not a take-home-pay calculation.
  3. Price your daily routine. Check the commute from a specific address to work, school or childcare. Add household expenses missing from this model, such as childcare, debt payments and medical needs. Verify local services before signing a lease.
  4. Plan the transition. Get moving quotes and budget for travel, setup costs and time off. Open your Franklinton to Water Valley moving checklist to organize the tasks and timing.

Still choosing a destination? Explore cities similar to Water Valley, MS by cost, housing, population and region.

Frequently Asked Questions: Franklinton, LA vs Water Valley, MS

How do the cost estimates for Franklinton, LA and Water Valley, MS compare?

Water Valley, MS has a modeled overall cost index 13.6% lower than Franklinton, LA. This is a broad model comparison, not a survey of today's prices or a forecast of your household spending. Some cities use adjusted regional fallback data.

What does the equivalent salary mean?

At a $150,000 salary in Franklinton, LA, the model estimates $139,741 in Water Valley, MS. It allocates 60% of gross income to the origin city’s category budget and applies each destination category’s relative cost. The equivalent salary adds the total category difference to your income. The monthly difference is the same category difference divided by 12; it is not take-home pay or guaranteed savings. Household size, childcare and your actual lease are not inputs to this calculation.

What rent estimates are available for Franklinton, LA and Water Valley, MS?

The modeled two-bedroom rents are $1,340/month in Franklinton, LA and $1,170/month in Water Valley, MS. Where available, the source is a city median of HUD FY2026 ZIP-level estimates; otherwise a saved metro table is used. City adjustments may also apply. These are not asking rents or available listings. Compare actual properties with the same bedroom count and included utilities.

How should I use this comparison before moving?

Use it to shortlist locations, then replace modeled costs with a current housing quote, employer-confirmed income, commute costs, insurance and your household's other expenses. Add one-time moving costs separately. Source years differ and the saved datasets are not a live price feed. Read the methodology for the formulas and fallback rules.

💰 See how taxes change too — compare take-home pay between Louisiana and Mississippi on TaxTakeHome.com

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