Cost of Living in Grenada County, Mississippi
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Grenada County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Grenada County ranks #2,880 of 3,144 counties for affordability (bottom 8%)
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.
Cost of Living Advisory: Grenada County
Affordability Verdict
Grenada County offers affordable rental housing at a median of $823/month — about 20.6% of the typical household income here.
Rent vs. Own
At $823/month rent versus $752/month in owner costs, owning is roughly $71/month cheaper — a 9% difference.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $32,920/year. For owner costs at the 28% rule, the required income is roughly $32,229/year. With a median household income of $47,998, most households can comfortably afford rent here. Notably, 25.0% of renter households in Grenada County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Grenada County sits 6% less expensive than Pike County ($879/month) in terms of median gross rent.
Affordability Calculator
See how your income compares to housing costs in Grenada County
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
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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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
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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.
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