Cost of Living in Holmes County, Mississippi
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Holmes County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Holmes County, Mississippi
Holmes offers remarkably affordable rents
Holmes County's 24.0% rent-to-income ratio reflects its standing as one of Mississippi's most affordable rental markets, with median rent of just $589 running 25% below the state average of $782. Against the national median income of $74,755, Holmes's median of $29,434 signals economic challenges, but housing costs remain genuinely accessible to local earners.
Holmes beats most counties on affordability
At 24.0%, Holmes County's rent-to-income ratio runs above the state average of 19.6%, but its extraordinarily low median rent of $589 places it among Mississippi's cheapest housing markets. This affordability advantage is driven by limited demand and modest home values, averaging $76,500—the lowest in this county cluster.
Holmes rents undercut Hinds and Humphreys
Holmes County's $589 median rent is the lowest in this region, undercutting Hinds County ($1,032) by 43% and Humphreys County ($643) by 8%. However, Holmes's median household income of $29,434 is also among the lowest, making the affordability advantage less impressive in absolute terms.
Cheapest rents, lowest incomes in region
Holmes renters spend $589 monthly while homeowners pay $580, with median home value at just $76,500. On a median income of only $29,434 annually, rent consumes 24% of gross income—affordable by standard metrics, but reflects an economy with limited earning opportunities.
Holmes: budget housing, limited wages
Holmes County delivers genuine affordability for renters and buyers on tight budgets, with some of Mississippi's lowest housing costs. However, a median household income of $29,434 signals limited job prospects; this county works best for remote workers or those with income sources outside the local job market.
Affordability Calculator
See how your income compares to housing costs in Holmes County
Rent Burden
24.0%
of gross income
Max Housing (28% Rule)
$687
per month
Owner Cost Burden
23.6%
of gross income
You can likely afford the median home in Holmes County
Median home value is $76,500. Estimated monthly cost: $611 vs. your max of $687.
Rent Affordability Guide
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.