Cost of Living in Rankin 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 Rankin County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Rankin County ranks #2,542 of 3,142 counties for affordability (bottom 19%)
Sourced county brief
Median Gross Rent in Rankin County Reaches $1,270
Rankin County's median gross rent was estimated at $1,270 per month, which is $465 higher than the Mississippi unweighted county mean of $805. The official median gross rent as a percentage of household income (GRAPI) is 30.0% (ACS B25071). This is 0.5 percentage points above the state unweighted county mean of 29.5%. For homeowners, median selected monthly owner costs were $1,101, which is $425 above the state unweighted county mean of $676. The median home value in the county was $237,400, compared to the state unweighted county mean of $135,817. Renter households in the county had a median income of $45,457. These statistics are based on 2020-2024 5-Year Estimates from the U.S. Census Bureau. 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: Rankin County
Affordability Verdict
ACS B25071 estimates median gross rent at 30.0% of renter household income in Rankin County, which is between the 30% and 50% rent-burden benchmarks. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $1,270 per month; median selected monthly owner costs are $1,101. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $50,800 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. Rankin County's $1,270 median is 57.8% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Rankin County
Rent Burden
19.2%
of gross income
Max Housing (28% Rule)
$1,852
per month
Owner Cost Burden
16.6%
of gross income
The median home in Rankin County may be a stretch
Median home value is $237,400. Estimated monthly cost: $1,895 vs. your max of $1,852.
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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