Cost of Living in Marshall County, Mississippi
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Marshall County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Marshall County ranks #2,062 of 3,144 counties for affordability (bottom 34%)
Data Story
About Cost of Living in Marshall County, Mississippi
Marshall County stretches housing budgets
Marshall County renters spend 21.4% of income on rent, significantly above the national 16% benchmark and well above Mississippi's 19.6% state average. At $926 monthly on a $51,875 median income, housing claims nearly one-quarter of earnings here.
Among Mississippi's pricier markets
Marshall County's 21.4% rent-to-income ratio ranks among the least affordable in Mississippi, beat only by Leflore and Marion in this eight-county region. The county's modest wages paired with above-average rents create affordability strain for local residents.
Pricey rents on moderate incomes
Marshall's $926 rent is second-highest in the region after Madison, yet the $51,875 median income is only moderate—well below Lee ($67,144) and Madison ($78,794). This mismatch pushes housing burdens to uncomfortable levels relative to neighboring counties.
Homeownership offers slight relief
Renters spend 21.4% of their $51,875 income on $926 rent, but homeowners find modest relief at $858 monthly (19.8% of income) on properties worth $172,200. Both groups commit substantial portions of income to housing, leaving less for savings and emergencies.
Consider Marshall only with caution
Marshall County's 21.4% housing burden is workable only if you earn above $55,000 and can absorb higher rent. If you're relocating from a high-cost area, Marshall may offer savings, but it's not the most affordable choice in this region—Lincoln, Marion, or Leflore might stretch your dollar further.
Cost of Living Advisory: Marshall County
Affordability Verdict
Marshall County is affordable for renters, with a median gross rent of $926/month representing approximately 21.4% of median household income. The rent burden (GRAPI) stands at 31.0%.
Rent vs. Own
At $926/month rent versus $858/month in owner costs, owning is roughly $68/month cheaper — a 7% difference.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $37,040/year. For owner costs at the 28% rule, the required income is roughly $36,771/year. With a median household income of $51,875, most households can comfortably afford rent here. Notably, 31.0% of renter households in Marshall County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Compared to Oktibbeha County where rent averages $873/month, Marshall County is approximately 6% more expensive.
Affordability Calculator
See how your income compares to housing costs in Marshall County
Rent Burden
21.4%
of gross income
Max Housing (28% Rule)
$1,210
per month
Owner Cost Burden
19.8%
of gross income
The median home in Marshall County may be a stretch
Median home value is $172,200. Estimated monthly cost: $1,375 vs. your max of $1,210.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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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 (2019-2023) — Informational only. Not financial or legal advice.
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