Cost of Living in Covington County, Mississippi

$639/mo

Median Monthly Rent

$98,500

Median Home Value

18% below state averageUnaffordable

At a Glance

Median Monthly Rent

$639/mo

18% below state average

Median Home Value

$98,500

65% below national

Rent-to-Income Ratio

24.0%

% 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 Covington County Compares

Median monthly rent comparison

Covington County$639/mo

Mississippi Average$782/mo

National Median$1,163/mo

Detailed Housing Stats

$639/mo

Median Gross Rent

$98,500

Median Home Value

$566/mo

Monthly Owner Cost

24.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Covington County, Mississippi

Covington delivers rare Mississippi bargain

With a rent-to-income ratio of just 16.3%, Covington County beats Mississippi's 19.6% state average and compares favorably to many national housing markets. The $47,001 median household income paired with the region's lowest median rent of $639/month creates the strongest affordability profile in this eight-county cohort.

Top affordability tier statewide

Covington County ranks among Mississippi's most affordable counties for renters, with its 16.3% ratio besting the state average by 3.3 percentage points. Only Choctaw and Copiah match or exceed this favorable position.

Cheapest rents, competitive incomes

Covington's median rent of $639 is the lowest in the eight-county region, undercutting even Choctaw by $22/month while maintaining comparable household income levels. This combination of low cost and reasonable earnings makes it a clear winner.

Renters and owners both thrive

Renters pay just $639/month (16.3% of the $47,001 income) while homeowners pay $566/month (14.4%), among the most favorable splits in the comparison group. Both paths leave substantial room in household budgets for other essentials.

Covington is Mississippi's sweet spot

If affordability and stability drive your relocation decision, Covington County offers the region's best combination of low rents, reasonable incomes, and balanced homeownership costs. Test your budget here as a benchmark against all other Mississippi options.

Affordability Calculator

See how your income compares to housing costs in Covington County

Your Annual Household Income

Rent Burden

16.3%

of gross income

Max Housing (28% Rule)

$1,097

per month

Owner Cost Burden

14.5%

of gross income

You can likely afford the median home in Covington County

Median home value is $98,500. Estimated monthly cost: $786 vs. your max of $1,097.

Rent Affordability Guide

Your rent-to-income ratio16.3%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Covington County, Mississippi?

Covington County, Mississippi has a median monthly rent of $639/mo and a median home value of $98,500. The affordability rating is Unaffordable, with rent making up approximately 24.0% of median household income.

What is the median rent in Covington County?

The median gross rent in Covington County is $639/mo. This is 18% below state average for Mississippi.

Is Covington County affordable?

Covington County is rated Unaffordable based on rent-to-income ratio of 24.0%. Spending over 50% of income on rent is generally considered unaffordable.

How does Covington County's rent compare to the state average?

Covington County's median rent of $639/mo is 18% below state average of $782/mo for Mississippi.

What is the median home value in Covington County?

The median home value in Covington County, Mississippi is $98,500. This is 65% below the national median home value of $281,900.