Cost of Living in Lauderdale County, Mississippi

$897/mo
Median Monthly Rent
$124,500
Median Home Value

At a Glance

Median Monthly Rent
$897/mo
15% above state average
Median Home Value
$124,500
56% below national
Rent-to-Income Ratio
31.0%
% 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 Lauderdale County Compares

Median monthly rent comparison

Lauderdale County$897/mo
Mississippi Average$782/mo
National Median$1,163/mo

Detailed Housing Stats

$897/mo
Median Gross Rent
$124,500
Median Home Value
$707/mo
Monthly Owner Cost
31.0%
Rent-to-Income Ratio

National Ranking

Affordability Rank

Lauderdale County ranks #1,920 of 3,144 counties for affordability (bottom 39%)

Most AffordableLeast Affordable

Data Story

About Cost of Living in Lauderdale County, Mississippi

Above-average costs strain below-average incomes

Lauderdale County's 21.5% rent-to-income ratio exceeds Mississippi's 19.6% state average, driven by $897 monthly rents on a median household income of just $50,033. Renters here spend a larger share of their paychecks on housing than typical Americans, creating affordability pressure despite prices that appear modest nationally.

Less affordable than state average

Lauderdale County's 21.5% rent-to-income ratio ranks among Mississippi's less affordable counties, exceeding the state's 19.6% average. The $897 median rent runs 14.7% above the state average, pricing out lower-income households despite representing just 1.2% of the national median income.

Expensive rents for a rural county

Lauderdale County renters pay $897 monthly—higher than all neighbors except Lafayette County ($1,091) and Lamar County ($1,061). The median home value of $124,500 also exceeds most rural peers, suggesting Lauderdale County anchors a higher-cost regional corridor.

Housing consumes fifth of household income

The typical Lauderdale County renter allocates $897 of a $4,169 monthly income to housing, consuming 21.5%—approaching the stress threshold. Homeowners with $707 monthly costs face a more manageable 17%, but renters here carry above-average housing burden relative to earnings.

Compare costs before committing

Lauderdale County's higher rents relative to local incomes make it less attractive than neighboring Kemper or Leake counties if affordability is paramount. However, stronger housing prices suggest economic activity; investigate job opportunities and wage levels in your specific industry before relocating.

Cost of Living Advisory: Lauderdale County

Affordability Verdict

Housing in Lauderdale County is affordable. The median rent is $897/month against a median household income of $50,033, putting rent at 21.5% of income.

Rent vs. Own

The median rent in Lauderdale County is $897/month, while owner costs run $707/month. Owning saves approximately $190/month.

Income Needed

To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $35,880/year. For owner costs at the 28% rule, the required income is roughly $30,300/year. With a median household income of $50,033, most households can comfortably afford rent here. Notably, 31.0% of renter households in Lauderdale County are cost-burdened, spending more than 30% of income on housing.

Regional Context

Lauderdale County sits 7% more expensive than Stone County ($839/month) in terms of median gross rent.

Affordability Calculator

See how your income compares to housing costs in Lauderdale County

$

Rent Burden

21.5%

of gross income

Max Housing (28% Rule)

$1,167

per month

Owner Cost Burden

17.0%

of gross income

You can likely afford the median home in Lauderdale County

Median home value is $124,500. Estimated monthly cost: $994 vs. your max of $1,167.

Rent Affordability Guide

Your rent-to-income ratio21.5%
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: $50,033Needed: $35,880
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $50,033Needed: $30,300
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $50,033Needed: $28,975

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 Lauderdale County, Mississippi?
Lauderdale County, Mississippi has a median monthly rent of $897/mo and a median home value of $124,500. The affordability rating is Unaffordable, with rent making up approximately 31.0% of median household income.
What is the median rent in Lauderdale County?
The median gross rent in Lauderdale County is $897/mo. This is 15% above state average for Mississippi.
Is Lauderdale County affordable?
Lauderdale County is rated Unaffordable based on rent-to-income ratio of 31.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Lauderdale County's rent compare to the state average?
Lauderdale County's median rent of $897/mo is 15% above state average of $782/mo for Mississippi.
What is the median home value in Lauderdale County?
The median home value in Lauderdale County, Mississippi is $124,500. This is 56% 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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