Cost of Living in Covington County, Mississippi
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Covington County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Covington County ranks #184 of 3,142 counties for affordability (top 6%)
Sourced county brief
Covington County Official GRAPI Reported at 24.7 Percent
Covington County's official ACS B25071 median gross rent as a percentage of household income (GRAPI) is 24.7 percent. This percentage is 4.8 percentage points lower than the Mississippi unweighted county mean GRAPI of 29.5 percent. The median gross rent in the county was recorded at $662 per month. In the owner-occupied sector, the median home value is $105,100, which is $30,717 below the state unweighted county mean of $135,817. Median selected monthly owner costs for all owner-occupied units were estimated at $577. Median renter-household income is $31,931, while the overall median household income is $45,051. These figures are static 2020-2024 ACS 5-year estimates and are not intended for use as financial or market advice. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Covington County
Affordability Verdict
ACS B25071 estimates median gross rent at 24.7% of renter household income in Covington County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $662 per month; median selected monthly owner costs are $577. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $26,480 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Mississippi unweighted mean of county median rents is $805 per month. Covington County's $662 median is 17.8% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Covington County
Rent Burden
17.6%
of gross income
Max Housing (28% Rule)
$1,051
per month
Owner Cost Burden
15.4%
of gross income
You can likely afford the median home in Covington County
Median home value is $105,100. Estimated monthly cost: $839 vs. your max of $1,051.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
$0/yr
Needed to stay within recommended threshold
$0/yr
Needed to stay within recommended threshold
$0/yr
Needed to stay within recommended threshold
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 Covington County, Mississippi?
What is the median rent in Covington County?
Is Covington County affordable?
How does Covington County's rent compare to the state average?
What is the median home value in Covington County?
Counties with Similar Housing Costs
Planning a Move?
Researching the cost of living in Covington County, Mississippi? Compare moving quotes from top providers and save on your relocation.
Compare Moving QuotesCompare Mortgage Rates in Covington County
Whether you're buying in Covington County, Mississippi, or refinancing, compare rates from top lenders using the terms each lender provides.
See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
CostByCounty participates in affiliate programs. We may earn a commission when you use our links, at no extra cost to you.