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)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Holmes County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Holmes County ranks #106 of 3,142 counties for affordability (top 3%)
Sourced county brief
Holmes County Renter Median Income Estimated at $17,143 Annually
The median renter-household income in Holmes County, Mississippi, was estimated at $17,143 per year during the 2020-2024 ACS 5-Year period. The county's official Gross Rent as a Percentage of Household Income (GRAPI) was 33.0%, which is 3.5 percentage points above the state's unweighted county mean of 29.5%. This canonical rent-to-income figure is sourced from official ACS B25071 data rather than being a derived estimate. The median gross rent in the county was $590 per month, compared to the state unweighted county mean of $805. Homeownership costs included a median home value of $80,400, which is $55,417 below the Mississippi unweighted county mean home value of $135,817. Median selected monthly owner costs for all owner-occupied units were $570, while the state unweighted county mean for this metric was $676. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Holmes County
Affordability Verdict
ACS B25071 estimates median gross rent at 33.0% of renter household income in Holmes County, which is between the 30% and 50% rent-burden benchmarks. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $590 per month; median selected monthly owner costs are $570. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $23,600 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Mississippi unweighted mean of county median rents is $805 per month. Holmes County's $590 median is 26.7% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Holmes County
Rent Burden
21.8%
of gross income
Max Housing (28% Rule)
$759
per month
Owner Cost Burden
21.0%
of gross income
You can likely afford the median home in Holmes County
Median home value is $80,400. Estimated monthly cost: $642 vs. your max of $759.
Rent Affordability Guide
Income Needed Calculator
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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 (2020-2024). Data is informational only and is not personalized financial advice.
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