Cost of Living in Leake County, Mississippi

$757/mo
Median Monthly Rent
$114,600
Median Home Value
3% below state averageUnaffordable

At a Glance

Median Monthly Rent
$757/mo
3% below state average
Median Home Value
$114,600
59% below national
Rent-to-Income Ratio
27.0%
% 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 Leake County Compares

Median monthly rent comparison

Leake County$757/mo
Mississippi Average$782/mo
National Median$1,163/mo

Detailed Housing Stats

$757/mo
Median Gross Rent
$114,600
Median Home Value
$585/mo
Monthly Owner Cost
27.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Leake County, Mississippi

Balanced affordability on modest income

Leake County's 18.8% rent-to-income ratio sits just below Mississippi's 19.6% state average, offering solid affordability to renters earning $48,418 annually. The $757 median monthly rent consumes less than one-fifth of household income, keeping Leake County competitive with national affordability standards despite below-average earnings.

Near-average affordability for rural county

Leake County ranks slightly above Mississippi's state average for housing affordability, with an 18.8% rent-to-income ratio compared to 19.6% statewide. The $757 median rent nearly matches the state average of $782, creating balanced housing costs relative to the modest local income of $48,418.

Middle-ground rents among peer counties

Leake County renters pay $757 monthly—more affordable than Lauderdale ($897) and Lawrence ($835), but pricier than Kemper ($470) and Jefferson Davis ($695). This middle positioning reflects Leake County's moderate economic profile, sitting between the region's poorest and most prosperous counties.

Renters and owners share light burden

The typical Leake County renter allocates $757 of a $4,035 monthly income to housing, consuming 18.8% of earnings and leaving healthy spending power for other needs. Homeowners with $585 monthly mortgages face an even lighter burden at 14.5%, making Leake County accessible to both renters and modest-income buyers.

Solid affordability without extreme tradeoffs

Leake County offers a practical middle ground for relocators—better affordability than Lafayette or Lamar counties without sacrificing all economic opportunity. If you seek rural Mississippi affordability without the income constraints of Lawrence County, Leake County merits serious comparison with neighboring alternatives.

Affordability Calculator

See how your income compares to housing costs in Leake County

$

Rent Burden

18.8%

of gross income

Max Housing (28% Rule)

$1,130

per month

Owner Cost Burden

14.5%

of gross income

You can likely afford the median home in Leake County

Median home value is $114,600. Estimated monthly cost: $915 vs. your max of $1,130.

Rent Affordability Guide

Your rent-to-income ratio18.8%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Leake County, Mississippi?
Leake County, Mississippi has a median monthly rent of $757/mo and a median home value of $114,600. The affordability rating is Unaffordable, with rent making up approximately 27.0% of median household income.
What is the median rent in Leake County?
The median gross rent in Leake County is $757/mo. This is 3% below state average for Mississippi.
Is Leake County affordable?
Leake County is rated Unaffordable based on rent-to-income ratio of 27.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Leake County's rent compare to the state average?
Leake County's median rent of $757/mo is 3% below state average of $782/mo for Mississippi.
What is the median home value in Leake County?
The median home value in Leake County, Mississippi is $114,600. This is 59% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.