Cost of Living in Simpson County, Mississippi
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Simpson County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Simpson County ranks #999 of 3,144 counties for affordability (top 32%)
Data Story
About Cost of Living in Simpson County, Mississippi
Simpson offers well-balanced affordability
Simpson County residents spend 18.2% of income on rent, well below Mississippi's 19.6% average and comfortably within national norms. With a median household income of $54,111 and $819 monthly rent, Simpson delivers strong income relative to housing costs.
Above-average housing affordability for Mississippi
Simpson County ranks among Mississippi's more affordable counties with an 18.2% rent-to-income ratio that beats the state average of 19.6%. The county's $819 median rent balances accessibility with reasonable income requirements.
Strong balance of rent and income
Simpson's $819 rent falls between Prentiss ($620) and Pontotoc ($848), while its $54,111 median income matches Pontotoc and exceeds Pike, Scott, and Sharkey counties. This middle positioning offers broad regional comparability without extreme trade-offs.
Modest rental premium with strong income cushion
Simpson renters pay $819 monthly while homeowners spend $569, with renting costing 44% more—typical for Mississippi. Housing consumes just 18.2% of the $54,111 median income, leaving healthy room for savings and discretionary household spending.
Reliable choice for Mississippi relocators
Simpson County offers straightforward, balanced affordability—no extreme costs, solid incomes, and a rent-to-income ratio better than the state average. Families and individuals relocating within Mississippi should consider Simpson for reliable housing cost stability and economic opportunity.
Cost of Living Advisory: Simpson County
Affordability Verdict
Simpson County offers affordable rental housing at a median of $819/month — about 18.2% of the typical household income here.
Rent vs. Own
At $819/month rent versus $569/month in owner costs, owning is roughly $250/month cheaper — a 31% difference.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $32,760/year. For owner costs at the 28% rule, the required income is roughly $24,386/year. With a median household income of $54,111, most households can comfortably afford rent here. Notably, 29.0% of renter households in Simpson County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Within Mississippi, Simpson County is less affordable than Oktibbeha County by roughly 6% ($819/mo vs $873/mo).
Affordability Calculator
See how your income compares to housing costs in Simpson County
Rent Burden
18.2%
of gross income
Max Housing (28% Rule)
$1,263
per month
Owner Cost Burden
12.6%
of gross income
You can likely afford the median home in Simpson County
Median home value is $111,600. Estimated monthly cost: $891 vs. your max of $1,263.
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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