Cost of Living in Alcorn County, Mississippi

$728/mo
Median Monthly Rent
$132,300
Median Home Value
7% below state averageUnaffordable

At a Glance

Median Monthly Rent
$728/mo
7% below state average
Median Home Value
$132,300
53% below national
Rent-to-Income Ratio
26.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Alcorn County Compares

Median monthly rent comparison

Alcorn County$728/mo
Mississippi Average$782/mo
National Median$1,163/mo

Detailed Housing Stats

$728/mo
Median Gross Rent
$132,300
Median Home Value
$665/mo
Monthly Owner Cost
26.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Alcorn County, Mississippi

Alcorn rents well below national strain

At 17.7%, Alcorn County's rent-to-income ratio sits comfortably below Mississippi's 19.6% average and well below the national renter burden of roughly 28-30%. With median income of $49,404—closer to statewide norms—Alcorn offers more breathing room for housing costs.

Top tier for affordability in Mississippi

Alcorn County ranks among Mississippi's more affordable counties with a 17.7% rent-to-income ratio, nearly 2 percentage points better than the state average. This efficiency reflects a balance between moderate rent ($728) and solid median income ($49,404).

Alcorn vs. surrounding counties

Alcorn's $728 rent is comparable to Adams County ($720) but carries less affordability strain thanks to a $9,154 income edge. Alcorn outpaces Attala County ($774 rent) and significantly beats Amite County's affordability stress, making it a stronger choice for renters on average incomes.

Alcorn's monthly housing math

Renters here pay $728 monthly while homeowners average $665, against median household income of $49,404—or roughly $4,117 monthly. This leaves renters about $297 after rent, and homeowners $325, providing reasonable cushion for other living expenses.

Relocating to Alcorn County?

Alcorn delivers solid affordability with median rents of $728 and median home values of $132,300 paired with above-average county incomes. If you're comparing options, note Alcorn's higher ownership costs ($665/month) relative to Adams, but stronger income potential makes homeownership more achievable here.

Affordability Calculator

See how your income compares to housing costs in Alcorn County

$

Rent Burden

17.7%

of gross income

Max Housing (28% Rule)

$1,153

per month

Owner Cost Burden

16.2%

of gross income

You can likely afford the median home in Alcorn County

Median home value is $132,300. Estimated monthly cost: $1,056 vs. your max of $1,153.

Rent Affordability Guide

Your rent-to-income ratio17.7%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Alcorn County, Mississippi?
Alcorn County, Mississippi has a median monthly rent of $728/mo and a median home value of $132,300. The affordability rating is Unaffordable, with rent making up approximately 26.0% of median household income.
What is the median rent in Alcorn County?
The median gross rent in Alcorn County is $728/mo. This is 7% below state average for Mississippi.
Is Alcorn County affordable?
Alcorn County is rated Unaffordable based on rent-to-income ratio of 26.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Alcorn County's rent compare to the state average?
Alcorn County's median rent of $728/mo is 7% below state average of $782/mo for Mississippi.
What is the median home value in Alcorn County?
The median home value in Alcorn County, Mississippi is $132,300. This is 53% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.