Cost of Living in Grenada County, Mississippi

$823/mo

Median Monthly Rent

$123,400

Median Home Value

5% above state averageUnaffordable

At a Glance

Median Monthly Rent

$823/mo

5% above state average

Median Home Value

$123,400

56% below national

Rent-to-Income Ratio

25.0%

% 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 Grenada County Compares

Median monthly rent comparison

Grenada County$823/mo

Mississippi Average$782/mo

National Median$1,163/mo

Detailed Housing Stats

$823/mo

Median Gross Rent

$123,400

Median Home Value

$752/mo

Monthly Owner Cost

25.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Grenada County, Mississippi

Modest income, slightly strained rents

Grenada County's median household income of $47,998 lags the nation by 36%, and its 20.6% rent-to-income ratio exceeds comfortable affordability thresholds. At $823 monthly rent, the county asks residents to dedicate more of their already-modest earnings to housing than national averages suggest is healthy.

Above-average rent strain in Mississippi

Grenada's 20.6% rent-to-income ratio sits above the state average of 19.6%, making it one of Mississippi's tighter rental markets despite $823 rent being only 5% above the state median. Lower-income households here face genuine affordability pressure.

Higher stress than similar-income counties

Grenada's $823 rent and $47,998 income create a 20.6% ratio that exceeds nearby Franklin ($45,618 income, 18.6% ratio) and George ($54,822 income, 19.0% ratio). This suggests Grenada charges more while offering less income cushion than peer counties.

Renters face steeper burden than owners

Grenada renters pay $823 monthly (20.6% of income) compared to homeowners paying $752 (18.8% of income)—a narrower gap than some counties, but meaningful on modest wages. The $123,400 median home value sits mid-range, accessible but not as cheap as Franklin or Greene.

Consider stronger income prospects first

Grenada's 20.6% rent-to-income ratio makes it one of Mississippi's tighter markets for renters, particularly those with below-average earnings. If relocating here, prioritize finding stable employment that matches or exceeds $47,998—or explore lower-cost alternatives like Franklin, Greene, or George counties.

Affordability Calculator

See how your income compares to housing costs in Grenada County

Your Annual Household Income

Rent Burden

20.6%

of gross income

Max Housing (28% Rule)

$1,120

per month

Owner Cost Burden

18.8%

of gross income

You can likely afford the median home in Grenada County

Median home value is $123,400. Estimated monthly cost: $985 vs. your max of $1,120.

Rent Affordability Guide

Your rent-to-income ratio20.6%

Recommended max30.0%

Frequently Asked Questions

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

Grenada County, Mississippi has a median monthly rent of $823/mo and a median home value of $123,400. The affordability rating is Unaffordable, with rent making up approximately 25.0% of median household income.

What is the median rent in Grenada County?

The median gross rent in Grenada County is $823/mo. This is 5% above state average for Mississippi.

Is Grenada County affordable?

Grenada County is rated Unaffordable based on rent-to-income ratio of 25.0%. Spending over 50% of income on rent is generally considered unaffordable.

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

Grenada County's median rent of $823/mo is 5% above state average of $782/mo for Mississippi.

What is the median home value in Grenada County?

The median home value in Grenada County, Mississippi is $123,400. This is 56% below the national median home value of $281,900.