Cost of Living in Hancock County, Mississippi

$999/mo

Median Monthly Rent

$206,600

Median Home Value

28% above state averageUnaffordable

At a Glance

Median Monthly Rent

$999/mo

28% above state average

Median Home Value

$206,600

27% below national

Rent-to-Income Ratio

27.0%

% 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 Hancock County Compares

Median monthly rent comparison

Hancock County$999/mo

Mississippi Average$782/mo

National Median$1,163/mo

Detailed Housing Stats

$999/mo

Median Gross Rent

$206,600

Median Home Value

$873/mo

Monthly Owner Cost

27.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Hancock County, Mississippi

Higher income, excellent affordability

Hancock County's median household income of $67,728 exceeds the national average by 10%, and its 17.7% rent-to-income ratio sits comfortably below national affordability benchmarks. Residents enjoy one of the best combinations of earnings and housing cost balance in the sample.

Strong income supports reasonable rents

Hancock's $999 monthly rent runs 28% above Mississippi's state average, but the county's $67,728 income and 17.7% ratio beat the state average of 19.6%. This is a county where above-average earnings help offset higher housing costs.

Premium housing, premium income

Hancock's $999 rent ranks second-highest in the sample behind DeSoto ($1,341), yet the county's $67,728 income supports it better than Harrison's $1,074 rent on $57,233 earnings. Hancock proves that higher costs are manageable when paired with proportional income.

Balanced costs across tenure types

Renters pay $999 monthly (17.7% of income) while owners pay $873 (15.5% of income), a relatively modest gap that reflects overall affordability. The $206,600 median home value is substantial but accessible on Hancock's stronger incomes.

Best value for mid-to-upper income relocators

Hancock County delivers strong income prospects paired with excellent rent-to-income ratios—ideal for relocators earning $65,000+. If you're moving to Mississippi with solid earning power and want a balanced community with modest affordability pressure, Hancock outperforms all but DeSoto.

Affordability Calculator

See how your income compares to housing costs in Hancock County

Your Annual Household Income

Rent Burden

17.7%

of gross income

Max Housing (28% Rule)

$1,580

per month

Owner Cost Burden

15.5%

of gross income

The median home in Hancock County may be a stretch

Median home value is $206,600. Estimated monthly cost: $1,649 vs. your max of $1,580.

Rent Affordability Guide

Your rent-to-income ratio17.7%

Recommended max30.0%

Frequently Asked Questions

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

Hancock County, Mississippi has a median monthly rent of $999/mo and a median home value of $206,600. The affordability rating is Unaffordable, with rent making up approximately 27.0% of median household income.

What is the median rent in Hancock County?

The median gross rent in Hancock County is $999/mo. This is 28% above state average for Mississippi.

Is Hancock County affordable?

Hancock County is rated Unaffordable based on rent-to-income ratio of 27.0%. Spending over 50% of income on rent is generally considered unaffordable.

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

Hancock County's median rent of $999/mo is 28% above state average of $782/mo for Mississippi.

What is the median home value in Hancock County?

The median home value in Hancock County, Mississippi is $206,600. This is 27% below the national median home value of $281,900.