Cost of Living in Carroll County, Mississippi

$621/mo
Median Monthly Rent
$105,500
Median Home Value

At a Glance

Median Monthly Rent
$621/mo
21% below state average
Median Home Value
$105,500
63% below national
Rent-to-Income Ratio
23.0%
% 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 Carroll County Compares

Median monthly rent comparison

Carroll County$621/mo
Mississippi Average$782/mo
National Median$1,163/mo

Detailed Housing Stats

$621/mo
Median Gross Rent
$105,500
Median Home Value
$484/mo
Monthly Owner Cost
23.0%
Rent-to-Income Ratio

National Ranking

Affordability Rank

Carroll County ranks #289 of 3,144 counties for affordability (top 9%)

Most AffordableLeast Affordable

Data Story

About Cost of Living in Carroll County, Mississippi

Carroll ranks best in affordability

Carroll County's 13.5% rent-to-income ratio is exceptional, ranking far below Mississippi's 19.6% average and approaching the national gold standard of 30% for affordability. With the highest median income in this group at $55,275, Carroll residents enjoy the strongest housing security.

Mississippi's affordability champion

At 13.5%, Carroll County stands out as one of Mississippi's most affordable, exceeding the state average by 6.1 percentage points in favor. This superior affordability stems from the highest median income in the peer group combined with the lowest rent.

Carroll dominates peer affordability rankings

Carroll's $621 rent is the lowest in the peer group, but its 13.5% burden ratio is the best because median income ($55,275) far exceeds all neighbors. Carroll's $1,893 income advantage over Amite and $6,281 edge over Bolivar translate into dramatically better housing security.

Carroll's comfortable housing position

Renters pay just $621 monthly while homeowners average $484, against median household income of $55,275—roughly $4,606 monthly. This leaves renters about $435 per month after rent and homeowners $449, the healthiest margins in the region.

Considering Carroll County?

Carroll County stands as the premier affordable option in this peer group, offering the lowest rent ($621) and strongest median income ($55,275) alongside reasonable home values of $105,500. If housing affordability is your priority, Carroll's 13.5% rent-to-income ratio outshines all neighbors—a rare housing market that works for residents.

Cost of Living Advisory: Carroll County

Affordability Verdict

For renters in Carroll County, the market is affordable. Expect to pay around $621/month in gross rent, with 23.0% of renter households considered cost-burdened.

Rent vs. Own

At $621/month rent versus $484/month in owner costs, owning is roughly $137/month cheaper — a 22% difference.

Income Needed

To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $24,840/year. For owner costs at the 28% rule, the required income is roughly $20,743/year. With a median household income of $55,275, most households can comfortably afford rent here. Notably, 23.0% of renter households in Carroll County are cost-burdened, spending more than 30% of income on housing.

Regional Context

Carroll County sits 8% less expensive than Calhoun County ($674/month) in terms of median gross rent.

Affordability Calculator

See how your income compares to housing costs in Carroll County

$

Rent Burden

13.5%

of gross income

Max Housing (28% Rule)

$1,290

per month

Owner Cost Burden

10.5%

of gross income

You can likely afford the median home in Carroll County

Median home value is $105,500. Estimated monthly cost: $842 vs. your max of $1,290.

Rent Affordability Guide

Your rent-to-income ratio13.5%
Recommended max30.0%

Income Needed Calculator

See how much you need to earn to comfortably afford housing

$
Rent Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $55,275Needed: $24,840
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $55,275Needed: $20,743
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $55,275Needed: $24,553

Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.

Frequently Asked Questions

What is the cost of living in Carroll County, Mississippi?
Carroll County, Mississippi has a median monthly rent of $621/mo and a median home value of $105,500. The affordability rating is Unaffordable, with rent making up approximately 23.0% of median household income.
What is the median rent in Carroll County?
The median gross rent in Carroll County is $621/mo. This is 21% below state average for Mississippi.
Is Carroll County affordable?
Carroll County is rated Unaffordable based on rent-to-income ratio of 23.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Carroll County's rent compare to the state average?
Carroll County's median rent of $621/mo is 21% below state average of $782/mo for Mississippi.
What is the median home value in Carroll County?
The median home value in Carroll County, Mississippi is $105,500. This is 63% below the national median home value of $281,900.

Counties with Similar Housing Costs

Sponsored

Planning a Move?

Researching the cost of living in Carroll County, Mississippi? Compare moving quotes from top providers and save on your relocation.

Compare Moving Quotes
Sponsored

Compare Mortgage Rates in Carroll County

Whether you're buying your first home or refinancing, compare rates from top lenders to find the best deal.

See Today's Rates
By Logan Johnson, Founder & Data EditorUpdated Reviewed by Logan Johnson, Founder & Data Editor

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.

CostByCounty participates in affiliate programs. We may earn a commission when you use our links, at no extra cost to you.