Cost of Living in Greene County, Mississippi

$811/mo
Median Monthly Rent
$94,200
Median Home Value
4% above state averageUnaffordable

At a Glance

Median Monthly Rent
$811/mo
4% above state average
Median Home Value
$94,200
67% below national
Rent-to-Income Ratio
32.0%
% 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 Greene County Compares

Median monthly rent comparison

Greene County$811/mo
Mississippi Average$782/mo
National Median$1,163/mo

Detailed Housing Stats

$811/mo
Median Gross Rent
$94,200
Median Home Value
$482/mo
Monthly Owner Cost
32.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Greene County, Mississippi

Lower income, but excellent rent ratios

Greene County's median household income of $55,838 trails the nation by 25%, yet its 17.4% rent-to-income ratio is the best in our sample and well below national expectations. At $811 monthly rent, Greene demonstrates that modest-income communities can still offer genuinely affordable housing.

Best rent-to-income ratio in the state

Greene County's 17.4% ratio tops all eight counties studied and substantially beats Mississippi's 19.6% state average, despite $811 rent running 4% above the state baseline. This is a county where housing costs remain truly manageable across income levels.

Lowest rent among peer counties

Greene's $811 monthly rent is lower than every other county in this analysis except Franklin ($706), and the county's 17.4% ratio suggests better balance than even Franklin's 18.6%. Greene proves that moderate rents pair well with moderate incomes to create genuine affordability.

Homeownership dramatically cheaper

Renters in Greene pay $811 monthly (17.4% of income) while homeowners pay just $482 (10.4% of income)—a $329 monthly gap that's the largest in the sample. For a $55,838 household, that difference unlocks real monthly savings and wealth-building potential.

Peak affordability for homebuyers

Greene County offers the best rent-to-income ratio and steepest ownership discount in our eight-county profile, making it ideal for relocators prioritizing homeownership. The $94,200 median home value and $482 monthly cost create a rare opportunity for below-median-income households to build equity affordably.

Affordability Calculator

See how your income compares to housing costs in Greene County

$

Rent Burden

17.4%

of gross income

Max Housing (28% Rule)

$1,303

per month

Owner Cost Burden

10.4%

of gross income

You can likely afford the median home in Greene County

Median home value is $94,200. Estimated monthly cost: $752 vs. your max of $1,303.

Rent Affordability Guide

Your rent-to-income ratio17.4%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Greene County, Mississippi?
Greene County, Mississippi has a median monthly rent of $811/mo and a median home value of $94,200. The affordability rating is Unaffordable, with rent making up approximately 32.0% of median household income.
What is the median rent in Greene County?
The median gross rent in Greene County is $811/mo. This is 4% above state average for Mississippi.
Is Greene County affordable?
Greene County is rated Unaffordable based on rent-to-income ratio of 32.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Greene County's rent compare to the state average?
Greene County's median rent of $811/mo is 4% above state average of $782/mo for Mississippi.
What is the median home value in Greene County?
The median home value in Greene County, Mississippi is $94,200. This is 67% 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.