Cost of Living in Prentiss County, Mississippi

$620/mo

Median Monthly Rent

$116,500

Median Home Value

21% below state averageUnaffordable

At a Glance

Median Monthly Rent

$620/mo

21% below state average

Median Home Value

$116,500

59% below national

Rent-to-Income Ratio

24.0%

% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating

Unaffordable

Rent over 50% of income

How Prentiss County Compares

Median monthly rent comparison

Prentiss County$620/mo

Mississippi Average$782/mo

National Median$1,163/mo

Detailed Housing Stats

$620/mo

Median Gross Rent

$116,500

Median Home Value

$646/mo

Monthly Owner Cost

24.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Prentiss County, Mississippi

Prentiss offers exceptionally low rent

Prentiss County residents spend just 14.5% of income on rent—well below both the national 30% guideline and Mississippi's 19.6% average. At only $620 monthly, Prentiss delivers some of the lowest housing costs in the state while maintaining a respectable median household income of $51,466.

Most affordable rent in this peer group

Prentiss County's 14.5% rent-to-income ratio ranks among Mississippi's most affordable, significantly outperforming the state average of 19.6%. The county's $620 median rent is the lowest in this analysis, making it an exceptional option for cost-conscious renters throughout Mississippi.

Cheapest rent in the region

Prentiss's $620 monthly rent substantially undercuts Pike County ($879), Simpson County ($819), and Pontotoc County ($848), while matching Sharkey County's pricing. Combined with a reasonable $51,466 median income, Prentiss emerges as the region's most affordable rental market.

Renting and buying are nearly equal

Prentiss renters pay $620 monthly while homeowners spend $646—among the smallest gaps in this analysis, suggesting an unusually balanced housing market. Housing costs consume just 14.5% of the median $51,466 income, leaving substantial room for other household priorities.

Mississippi's best rental value awaits

If housing affordability is your priority, Prentiss County offers exceptional value with the lowest rent in this region and a healthy rent-to-income ratio. Renters seeking to minimize housing costs while maintaining reasonable income can't do better in Mississippi than Prentiss.

Affordability Calculator

See how your income compares to housing costs in Prentiss County

Your Annual Household Income

Rent Burden

14.5%

of gross income

Max Housing (28% Rule)

$1,201

per month

Owner Cost Burden

15.1%

of gross income

You can likely afford the median home in Prentiss County

Median home value is $116,500. Estimated monthly cost: $930 vs. your max of $1,201.

Rent Affordability Guide

Your rent-to-income ratio14.5%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Prentiss County, Mississippi?

Prentiss County, Mississippi has a median monthly rent of $620/mo and a median home value of $116,500. The affordability rating is Unaffordable, with rent making up approximately 24.0% of median household income.

What is the median rent in Prentiss County?

The median gross rent in Prentiss County is $620/mo. This is 21% below state average for Mississippi.

Is Prentiss County affordable?

Prentiss County is rated Unaffordable based on rent-to-income ratio of 24.0%. Spending over 50% of income on rent is generally considered unaffordable.

How does Prentiss County's rent compare to the state average?

Prentiss County's median rent of $620/mo is 21% below state average of $782/mo for Mississippi.

What is the median home value in Prentiss County?

The median home value in Prentiss County, Mississippi is $116,500. This is 59% below the national median home value of $281,900.