Cost of Living in Montgomery County, Mississippi
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Montgomery County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Montgomery County, Mississippi
Montgomery renters spend less than America
At 18.2%, Montgomery County's rent-to-income ratio sits well below the national average, meaning renters here dedicate a smaller share of their paychecks to housing. The county's median household income of $45,057 is about 40% lower than the U.S. median of $74,755, but rental costs are proportionally lower too.
Better affordability than most Mississippi counties
Montgomery's 18.2% rent-to-income ratio beats Mississippi's state average of 19.6%, placing it among the more affordable counties in the state. With median gross rent at just $682 per month—$100 below the state median—renters here catch a break.
Competitive with East Mississippi peers
Montgomery's $682 monthly rent is cheaper than most neighboring counties: Neshoba charges $759, Newton runs $722, and Oktibbeha is significantly higher at $873. Among this cluster of east-central Mississippi counties, Montgomery offers some of the most budget-friendly rents.
Where Montgomery's income goes
The typical household earns $45,057 annually while paying $682 in rent or $735 in mortgage costs, leaving substantial income for other expenses. Housing consumes 18.2% of renter income here—well within the 30% affordability threshold—making Montgomery relatively comfortable for cost-conscious residents.
Montgomery offers affordable renting options
If you're relocating within Mississippi and prioritize low rent, Montgomery's $682 median competes favorably against neighboring Oktibbeha ($873) and Panola ($859). The county's modest income levels and proportionally low housing costs create genuine affordability for renters earning typical regional wages.
Affordability Calculator
See how your income compares to housing costs in Montgomery County
Rent Burden
18.2%
of gross income
Max Housing (28% Rule)
$1,051
per month
Owner Cost Burden
19.6%
of gross income
You can likely afford the median home in Montgomery County
Median home value is $110,700. Estimated monthly cost: $884 vs. your max of $1,051.
Rent Affordability Guide
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.