Cost of Living in Prentiss County, Mississippi
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Prentiss County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Prentiss County ranks #2,224 of 3,144 counties for affordability (bottom 29%)
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.
Cost of Living Advisory: Prentiss County
Affordability Verdict
Prentiss County offers affordable rental housing at a median of $620/month — about 14.5% of the typical household income here.
Rent vs. Own
Renters in Prentiss County pay $620/month on average, compared to $646/month for homeowners. This market favors renters by about 4%.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $24,800/year. For owner costs at the 28% rule, the required income is roughly $27,686/year. With a median household income of $51,466, most households can comfortably afford rent here. Notably, 24.0% of renter households in Prentiss County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Compared to Bolivar County where rent averages $671/month, Prentiss County is approximately 8% less expensive.
Affordability Calculator
See how your income compares to housing costs in Prentiss County
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
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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