Cost of Living in Simpson County, Mississippi

$819/mo

Median Monthly Rent

$111,600

Median Home Value

5% above state averageUnaffordable

At a Glance

Median Monthly Rent

$819/mo

5% above state average

Median Home Value

$111,600

60% below national

Rent-to-Income Ratio

29.0%

% 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 Simpson County Compares

Median monthly rent comparison

Simpson County$819/mo

Mississippi Average$782/mo

National Median$1,163/mo

Detailed Housing Stats

$819/mo

Median Gross Rent

$111,600

Median Home Value

$569/mo

Monthly Owner Cost

29.0%

Rent-to-Income Ratio

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.

Affordability Calculator

See how your income compares to housing costs in Simpson County

Your Annual Household Income

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

Your rent-to-income ratio18.2%

Recommended max30.0%

Frequently Asked Questions

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

Simpson County, Mississippi has a median monthly rent of $819/mo and a median home value of $111,600. The affordability rating is Unaffordable, with rent making up approximately 29.0% of median household income.

What is the median rent in Simpson County?

The median gross rent in Simpson County is $819/mo. This is 5% above state average for Mississippi.

Is Simpson County affordable?

Simpson County is rated Unaffordable based on rent-to-income ratio of 29.0%. Spending over 50% of income on rent is generally considered unaffordable.

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

Simpson County's median rent of $819/mo is 5% above state average of $782/mo for Mississippi.

What is the median home value in Simpson County?

The median home value in Simpson County, Mississippi is $111,600. This is 60% below the national median home value of $281,900.