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)
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 Montgomery County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Montgomery County ranks #866 of 3,142 counties for affordability (top 28%)
Sourced county brief
Montgomery County Official GRAPI Estimate Reaches 45.6 Percent
Montgomery County's official median gross rent as a percentage of household income (GRAPI) was 45.6% during the 2020-2024 period. This official figure is 16.1 percentage points above the Mississippi unweighted county mean of 29.5%. The median gross rent in the county was estimated at $734 per month, while the state unweighted county mean was $805. Median renter-household income for the period was $24,718. For those in owner-occupied housing, the median selected monthly owner cost was $793, which is above the Mississippi unweighted county mean of $676. The median home value in Montgomery County was $126,800, below the state unweighted county mean of $135,817. These data points provide a snapshot of housing costs for both tenure groups without accounting for external market factors. See ACS table B25071 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: Montgomery County
Affordability Verdict
ACS B25071 estimates median gross rent at 45.6% of renter household income in Montgomery County, which is between the 30% and 50% rent-burden benchmarks. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $734 per month; median selected monthly owner costs are $793. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $29,360 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. Montgomery County's $734 median is 8.8% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Montgomery County
Rent Burden
21.1%
of gross income
Max Housing (28% Rule)
$974
per month
Owner Cost Burden
22.8%
of gross income
The median home in Montgomery County may be a stretch
Median home value is $126,800. Estimated monthly cost: $1,012 vs. your max of $974.
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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