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)
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 Pike County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Pike County ranks #1,010 of 3,142 counties for affordability (top 32%)
Sourced county brief
Pike County Median Gross Rent Reaches $919 Monthly
Median gross rent in Pike County was estimated at $919 per month, which is above the Mississippi unweighted county mean of $805. The official median gross rent as a percentage of household income (GRAPI) is 29.1% (ACS B25071). This official GRAPI figure is 0.4 percentage points below the state unweighted county mean of 29.5%. For homeowners, the median selected monthly owner costs were $565, which is $111 below the state unweighted county mean of $676. The median home value in the county was $110,800, compared to the state unweighted county mean of $135,817. Renter households in the area had a median income of $30,570. These figures represent the snapshot provided by the U.S. Census Bureau for the five-year period ending in 2024. 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: Pike County
Affordability Verdict
ACS B25071 estimates median gross rent at 29.1% of renter household income in Pike 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 $919 per month; median selected monthly owner costs are $565. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $36,760 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. Pike County's $919 median is 14.2% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Pike County
Rent Burden
25.2%
of gross income
Max Housing (28% Rule)
$1,022
per month
Owner Cost Burden
15.5%
of gross income
You can likely afford the median home in Pike County
Median home value is $110,800. Estimated monthly cost: $885 vs. your max of $1,022.
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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