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)
How Neshoba County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Neshoba County ranks #2,378 of 3,144 counties for affordability (bottom 24%)
Data Story
About Cost of Living in Neshoba County, Mississippi
Neshoba renters well below national burden
Neshoba County's rent-to-income ratio of 17.2% is significantly better than the national average, meaning housing absorbs a smaller portion of household budgets here. With a median income of $53,087—still 29% below the U.S. median—residents benefit from rents that scale proportionally lower.
Among Mississippi's most affordable counties
At 17.2%, Neshoba's rent-to-income ratio ranks among the best in Mississippi, beating the state average of 19.6% by a meaningful margin. The county's median rent of $759 sits just slightly below the state median of $782, but stronger local incomes make it more sustainable.
Moderately priced in the east-central cluster
Neshoba's $759 rent falls in the middle of neighboring counties: Montgomery offers cheaper housing at $682, while Newton and Oktibbeha are comparable or higher. Among this regional peer group, Neshoba balances affordability with access to services typical of its size.
Neshoba's housing math works well
Households here earn $53,087 annually and pay $759 in median rent—just 17.2% of income—leaving ample room for other necessities. Homeowners pay even less, with a median monthly owner cost of $518, making Neshoba attractive for both renters and buyers.
Neshoba balances affordability and income
If you're comparing Mississippi counties, Neshoba offers better income-to-rent ratios than most: its 17.2% burden beats the state average of 19.6% while maintaining comparable rental prices. For families seeking stability, Neshoba's stronger median income ($53,087) paired with reasonable rents creates a sustainable housing landscape.
Cost of Living Advisory: Neshoba County
Affordability Verdict
For renters in Neshoba County, the market is affordable. Expect to pay around $759/month in gross rent, with 29.0% of renter households considered cost-burdened.
Rent vs. Own
Renters in Neshoba County pay $759/month on average, compared to $518/month for homeowners. This market favors buyers by about 32%.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $30,360/year. For owner costs at the 28% rule, the required income is roughly $22,200/year. With a median household income of $53,087, most households can comfortably afford rent here. Notably, 29.0% of renter households in Neshoba County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Compared to Jones County where rent averages $810/month, Neshoba County is approximately 6% less expensive.
Affordability Calculator
See how your income compares to housing costs in Neshoba County
Rent Burden
17.2%
of gross income
Max Housing (28% Rule)
$1,239
per month
Owner Cost Burden
11.7%
of gross income
You can likely afford the median home in Neshoba County
Median home value is $96,600. Estimated monthly cost: $771 vs. your max of $1,239.
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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