Cost of Living in Lawrence County, Mississippi

$835/mo

Median Monthly Rent

$104,600

Median Home Value

7% above state averageUnaffordable

At a Glance

Median Monthly Rent

$835/mo

7% above state average

Median Home Value

$104,600

63% below national

Rent-to-Income Ratio

35.0%

% 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 Lawrence County Compares

Median monthly rent comparison

Lawrence County$835/mo

Mississippi Average$782/mo

National Median$1,163/mo

Detailed Housing Stats

$835/mo

Median Gross Rent

$104,600

Median Home Value

$552/mo

Monthly Owner Cost

35.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Lawrence County, Mississippi

Tight affordability despite low rent prices

Lawrence County's 23.1% rent-to-income ratio is the highest in this eight-county set, driven by $835 monthly rents on a compressed median household income of $43,368. Though rents appear modest nationally, local earning power makes housing consume a larger share of income here than in most American counties.

Among state's least affordable counties

Lawrence County ranks as one of Mississippi's least affordable housing markets, with a 23.1% rent-to-income ratio exceeding the state's 19.6% average. The median rent of $835 runs 6.8% above the state average, but the median income of $43,368 is so depressed that affordability becomes acute.

High rents on low incomes create strain

Lawrence County renters pay $835 monthly—more than Jefferson Davis ($695) and Kemper ($470), but less than Lauderdale ($897). The burden, however, is steeper because Lawrence County's $43,368 median income ranks among the lowest in this dataset, making relative affordability worse than the nominal prices suggest.

Housing crisis for lowest-income county

The typical Lawrence County renter spends $835 of a $3,614 monthly income on housing, consuming 23.1%—exceeding comfortable affordability. Even homeowners with $552 monthly mortgages spend 15.3% of income on housing, indicating that Lawrence County residents across both groups face significant affordability strain.

Affordability concerns despite low nominal costs

Lawrence County's low rents ($835) appeal to budget-conscious movers, but the depressed median income ($43,368) signals limited economic opportunity. Unless you bring remote income, consider whether local job prospects can sustain your household before relocating to Lawrence County.

Affordability Calculator

See how your income compares to housing costs in Lawrence County

Your Annual Household Income

Rent Burden

23.1%

of gross income

Max Housing (28% Rule)

$1,012

per month

Owner Cost Burden

15.3%

of gross income

You can likely afford the median home in Lawrence County

Median home value is $104,600. Estimated monthly cost: $835 vs. your max of $1,012.

Rent Affordability Guide

Your rent-to-income ratio23.1%

Recommended max30.0%

Frequently Asked Questions

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

Lawrence County, Mississippi has a median monthly rent of $835/mo and a median home value of $104,600. The affordability rating is Unaffordable, with rent making up approximately 35.0% of median household income.

What is the median rent in Lawrence County?

The median gross rent in Lawrence County is $835/mo. This is 7% above state average for Mississippi.

Is Lawrence County affordable?

Lawrence County is rated Unaffordable based on rent-to-income ratio of 35.0%. Spending over 50% of income on rent is generally considered unaffordable.

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

Lawrence County's median rent of $835/mo is 7% above state average of $782/mo for Mississippi.

What is the median home value in Lawrence County?

The median home value in Lawrence County, Mississippi is $104,600. This is 63% below the national median home value of $281,900.