Cost of Living in DeSoto County, Mississippi
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How DeSoto County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in DeSoto County, Mississippi
DeSoto outearns most of the nation
With a median household income of $82,980, DeSoto County residents earn 11% more than the national average of $74,755. At 19.4%, the county's rent-to-income ratio sits nearly even with the national standard, meaning renters dedicate roughly a fifth of their paycheck to housing—a sign of manageable affordability for the area.
One of Mississippi's pricier rentals
DeSoto's median rent of $1,341 per month runs 72% above Mississippi's state average of $782, reflecting the county's stronger income levels and proximity to Memphis. Despite higher costs, the county's 19.4% rent-to-income ratio beats the state average of 19.6%, making it one of the more affordable wealthy counties in Mississippi.
Higher rents, higher incomes nearby
DeSoto's $1,341 monthly rent is significantly higher than Hancock County ($999) and Harrison County ($1,074), but so is its $82,980 median income—roughly $15,000 more than those neighbors. This income cushion allows DeSoto residents to absorb higher housing costs while maintaining better rent-to-income ratios than peers in the region.
Renters and buyers split costs evenly
DeSoto renters pay $1,341 monthly while homeowners shoulder $1,272 in mortgages and taxes—nearly identical burdens. On a $82,980 household income, these amounts consume about 19% of pretax earnings, leaving residents substantial room for other expenses.
Strong income, manageable housing costs
If you're relocating to Mississippi and prioritize higher wages with reasonable rent, DeSoto delivers: the highest county median income and a rent-to-income ratio competitive with national standards. Compare this profile to counties like Grenada (20.6% ratio) or Harrison (22.5%) to see why DeSoto's affordability edge matters.
Affordability Calculator
See how your income compares to housing costs in DeSoto County
Rent Burden
19.4%
of gross income
Max Housing (28% Rule)
$1,936
per month
Owner Cost Burden
18.4%
of gross income
The median home in DeSoto County may be a stretch
Median home value is $248,700. Estimated monthly cost: $1,985 vs. your max of $1,936.
Rent Affordability Guide
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.