Cost of Living in Leake 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 Leake County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Leake County ranks #391 of 3,142 counties for affordability (top 12%)
Sourced county brief
Leake County Median Monthly Owner Costs Equal 539 Dollars
Median monthly owner costs in Leake County were estimated at $539, which is $137 lower than the Mississippi unweighted county mean of $676. The official ACS B25071 Gross Rent as a Percentage of Household Income (GRAPI) was 24.7%, which is 4.8 percentage points below the state unweighted county mean of 29.5%. The median gross rent was $765 per month, while the state unweighted county mean was $805. For homeowners, the median home value was $116,800, which is below the unweighted county mean of $135,817 for the state. The median renter-household income was recorded at $31,250. These statistics represent the 2020-2024 ACS 5-Year Estimates. See ACS table B25088 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: Leake County
Affordability Verdict
ACS B25071 estimates median gross rent at 24.7% of renter household income in Leake County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $765 per month; median selected monthly owner costs are $539. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $30,600 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. Leake County's $765 median is 5.0% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Leake County
Rent Burden
18.1%
of gross income
Max Housing (28% Rule)
$1,184
per month
Owner Cost Burden
12.8%
of gross income
You can likely afford the median home in Leake County
Median home value is $116,800. Estimated monthly cost: $932 vs. your max of $1,184.
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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