Cost of Living in Pike County, Mississippi
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Pike County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Pike County, Mississippi
Pike's housing cost squeeze
Pike County residents spend 25.4% of their income on rent, well above the national average where housing typically takes 30% or less—but the county's median household income of $41,578 is significantly lower than the national median of $74,755. This income-to-cost gap means Pike renters face tighter budgets than their national counterparts despite paying less in absolute dollars.
Least affordable county in Mississippi
Pike County ranks among Mississippi's least affordable places, with a rent-to-income ratio of 25.4% compared to the state average of 19.6%. At $879 per month, Pike's median rent also exceeds the statewide median of $782, creating a double burden for renters navigating a tight local market.
More expensive than surrounding counties
Pike's $879 monthly rent outpaces nearby Prentiss County ($620) and Simpson County ($819), though it remains cheaper than the more affluent Rankin County ($1,210). Among these peers, Pike stands out as having both higher rents and lower incomes, making it one of the region's least affordable housing markets.
Renting costs more than buying
Pike County renters spend $879 monthly versus homeowners at $618, meaning renters pay about 42% more despite owning less. With a median household income of $41,578, that rent consumes 25.4% of gross income—leaving less for food, healthcare, and other necessities.
Consider these alternatives nearby
If Pike County's affordability concerns you, Prentiss County offers significantly cheaper rent ($620/month) with a comparable income level, or Simpson County provides a middle ground at $819 with similar incomes. Even modest relocations within the region can meaningfully improve housing affordability and monthly cash flow.
Affordability Calculator
See how your income compares to housing costs in Pike County
Rent Burden
25.4%
of gross income
Max Housing (28% Rule)
$970
per month
Owner Cost Burden
17.8%
of gross income
You can likely afford the median home in Pike County
Median home value is $110,500. Estimated monthly cost: $882 vs. your max of $970.
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.