Cost of Living in Hinds County, Mississippi

$1,032/mo
Median Monthly Rent
$151,200
Median Home Value

At a Glance

Median Monthly Rent
$1,032/mo
32% above state average
Median Home Value
$151,200
46% below national
Rent-to-Income Ratio
33.0%
% 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 Hinds County Compares

Median monthly rent comparison

Hinds County$1,032/mo
Mississippi Average$782/mo
National Median$1,163/mo

Detailed Housing Stats

$1,032/mo
Median Gross Rent
$151,200
Median Home Value
$891/mo
Monthly Owner Cost
33.0%
Rent-to-Income Ratio

National Ranking

Affordability Rank

Hinds County ranks #2,672 of 3,144 counties for affordability (bottom 15%)

Most AffordableLeast Affordable

Data Story

About Cost of Living in Hinds County, Mississippi

Hinds rents strain local budgets

At 24.8%, Hinds County's rent-to-income ratio significantly exceeds the national benchmark of roughly 30% affordability but still runs 5.2 percentage points above Mississippi's state average of 19.6%. With median rent at $1,032 monthly against a median income of $49,966 annually, renters here are spending a larger share of earnings on housing than most state peers.

Hinds ranks among state's pricier counties

Hinds County sits in the upper tier for housing costs statewide, with median rent of $1,032 running 32% above the Mississippi average of $782. This combination of high rent and moderate income—$49,966, still 33% below the national median—places affordability pressure on local renters and buyers alike.

Jackson County costs more, Holmes less

Hinds's $1,032 median rent falls between neighboring Jackson County ($1,087) and the more affordable Holmes County ($589). However, Hinds's median household income of $49,966 trails Jackson County ($64,756) by roughly $15,000, making relative affordability tighter despite slightly lower rents.

Housing eats 25% of Hinds income

Renters in Hinds spend $1,032 monthly while homeowners face $891 in mortgage payments, with median home value at $151,200. On a median household income of $49,966 annually, rent alone consumes nearly 25% of gross income—above the traditional 30% affordability threshold and well above state norms.

Weigh Hinds against Jackson, Holmes

If you're considering Hinds County, compare it strategically: Jackson County offers higher incomes and stronger job markets but significantly steeper housing costs, while Holmes County provides cheaper rents at the cost of lower wages. Your affordability sweet spot depends on whether higher earning potential or lower housing costs matters more to your household budget.

Cost of Living Advisory: Hinds County

Affordability Verdict

For renters in Hinds County, the market is affordable. Expect to pay around $1,032/month in gross rent, with 33.0% of renter households considered cost-burdened.

Rent vs. Own

At $1,032/month rent versus $891/month in owner costs, owning is roughly $141/month cheaper — a 14% difference.

Income Needed

To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $41,280/year. For owner costs at the 28% rule, the required income is roughly $38,186/year. With a median household income of $49,966, most households can comfortably afford rent here. Notably, 33.0% of renter households in Hinds County are cost-burdened, spending more than 30% of income on housing.

Regional Context

Within Mississippi, Hinds County is less affordable than Jackson County by roughly 5% ($1,032/mo vs $1,087/mo).

Affordability Calculator

See how your income compares to housing costs in Hinds County

$

Rent Burden

24.8%

of gross income

Max Housing (28% Rule)

$1,166

per month

Owner Cost Burden

21.4%

of gross income

The median home in Hinds County may be a stretch

Median home value is $151,200. Estimated monthly cost: $1,207 vs. your max of $1,166.

Rent Affordability Guide

Your rent-to-income ratio24.8%
Recommended max30.0%

Income Needed Calculator

See how much you need to earn to comfortably afford housing

$
Rent Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $49,966Needed: $41,280
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $49,966Needed: $38,186
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $49,966Needed: $35,188

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

What is the cost of living in Hinds County, Mississippi?
Hinds County, Mississippi has a median monthly rent of $1,032/mo and a median home value of $151,200. The affordability rating is Unaffordable, with rent making up approximately 33.0% of median household income.
What is the median rent in Hinds County?
The median gross rent in Hinds County is $1,032/mo. This is 32% above state average for Mississippi.
Is Hinds County affordable?
Hinds County is rated Unaffordable based on rent-to-income ratio of 33.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Hinds County's rent compare to the state average?
Hinds County's median rent of $1,032/mo is 32% above state average of $782/mo for Mississippi.
What is the median home value in Hinds County?
The median home value in Hinds County, Mississippi is $151,200. This is 46% below the national median home value of $281,900.

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By Logan Johnson, Founder & Data EditorUpdated Reviewed by Logan Johnson, Founder & Data Editor

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.

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