Cost of Living in Neshoba 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 Neshoba County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Neshoba County ranks #708 of 3,142 counties for affordability (top 23%)
Sourced county brief
Neshoba County Median Monthly Owner Costs Estimated at $555
Median selected monthly owner costs for all owner-occupied units in Neshoba County were $555 during the 2020-2024 period. This figure is below the Mississippi unweighted county mean for owner costs, which was $676. The median home value in the county was $100,000, compared to the state unweighted county mean of $135,817. For renter households, the median gross rent was $839 per month, which is above the state unweighted county mean of $805. The official median gross rent as a percentage of household income (GRAPI) was 28.4%. This official GRAPI figure is 1.1 percentage points below the Mississippi unweighted county mean of 29.5%. Median renter-household income was recorded at $29,776. These data points provide a statistical overview of housing costs in the county without making market predictions. See ACS table B25088 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: Neshoba County
Affordability Verdict
ACS B25071 estimates median gross rent at 28.4% of renter household income in Neshoba County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $839 per month; median selected monthly owner costs are $555. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $33,560 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. Neshoba County's $839 median is 4.2% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Neshoba County
Rent Burden
17.7%
of gross income
Max Housing (28% Rule)
$1,330
per month
Owner Cost Burden
11.7%
of gross income
You can likely afford the median home in Neshoba County
Median home value is $100,000. Estimated monthly cost: $798 vs. your max of $1,330.
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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