Cost of Living in Lee County, Mississippi

$929/mo
Median Monthly Rent
$187,800
Median Home Value

At a Glance

Median Monthly Rent
$929/mo
19% above state average
Median Home Value
$187,800
33% below national
Rent-to-Income Ratio
29.0%
% 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 Lee County Compares

Median monthly rent comparison

Lee County$929/mo
Mississippi Average$782/mo
National Median$1,163/mo

Detailed Housing Stats

$929/mo
Median Gross Rent
$187,800
Median Home Value
$943/mo
Monthly Owner Cost
29.0%
Rent-to-Income Ratio

National Ranking

Affordability Rank

Lee County ranks #2,940 of 3,144 counties for affordability (bottom 6%)

Most AffordableLeast Affordable

Data Story

About Cost of Living in Lee County, Mississippi

Lee County rents eat less of paychecks

Lee County renters spend 16.6% of their income on rent, well below the national norm and nearly 3 percentage points better than Mississippi's state average of 19.6%. At $929 monthly, rent here is higher than the state median of $782, yet remains affordable relative to local incomes.

Middle-of-pack affordability statewide

Lee County ranks solidly among Mississippi's more affordable counties, with a rent-to-income ratio that beats the state average. The county's $67,144 median household income is the strongest in this eight-county region, providing stronger cushion against housing costs.

Higher rents, stronger incomes

Lee County's $929 rent is the highest among its peer counties, but locals also earn more—$67,144 versus Lincoln's $48,316 or Lowndes's $54,460. This income advantage makes Lee's steeper rents manageable compared to neighboring counties where wages lag behind housing costs.

Renters and owners balance fairly well

A Lee County renter spending $929 monthly sees that represent 16.6% of their $67,144 yearly income, leaving substantial room for other expenses. Homeowners paying $943 monthly in costs benefit from modest median home values of $187,800, making both pathways reasonably accessible.

Relocating to Lee County makes sense

If housing affordability matters, Lee County delivers: rents and mortgages are lower than national averages while local wages beat Mississippi's state median. Compare these numbers to your current housing burden—you might find meaningful savings here.

Cost of Living Advisory: Lee County

Affordability Verdict

Lee County offers affordable rental housing at a median of $929/month — about 16.6% of the typical household income here.

Rent vs. Own

At $929/month rent versus $943/month in owner costs, renting is roughly $14/month cheaper — a 1% difference.

Income Needed

To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $37,160/year. For owner costs at the 28% rule, the required income is roughly $40,414/year. With a median household income of $67,144, most households can comfortably afford rent here. Notably, 29.0% of renter households in Lee County are cost-burdened, spending more than 30% of income on housing.

Regional Context

Lee County sits 6% more expensive than Oktibbeha County ($873/month) in terms of median gross rent.

Affordability Calculator

See how your income compares to housing costs in Lee County

$

Rent Burden

16.6%

of gross income

Max Housing (28% Rule)

$1,567

per month

Owner Cost Burden

16.9%

of gross income

You can likely afford the median home in Lee County

Median home value is $187,800. Estimated monthly cost: $1,499 vs. your max of $1,567.

Rent Affordability Guide

Your rent-to-income ratio16.6%
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: $67,144Needed: $37,160
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $67,144Needed: $40,414
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $67,144Needed: $43,706

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 Lee County, Mississippi?
Lee County, Mississippi has a median monthly rent of $929/mo and a median home value of $187,800. The affordability rating is Unaffordable, with rent making up approximately 29.0% of median household income.
What is the median rent in Lee County?
The median gross rent in Lee County is $929/mo. This is 19% above state average for Mississippi.
Is Lee County affordable?
Lee County is rated Unaffordable based on rent-to-income ratio of 29.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Lee County's rent compare to the state average?
Lee County's median rent of $929/mo is 19% above state average of $782/mo for Mississippi.
What is the median home value in Lee County?
The median home value in Lee County, Mississippi is $187,800. This is 33% 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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