Cost of Living in Smith County, Mississippi
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Smith County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Smith County, Mississippi
Smith County rents are a bargain nationally
At 15.5%, Smith County's rent-to-income ratio sits well below the nation's affordability threshold—renters here spend significantly less of their income on housing than typical Americans. The national median household income of $74,755 towers over Smith County's $51,396, yet monthly rent of $664 keeps housing costs manageable even for lower earners.
Among Mississippi's most affordable counties
Smith County ranks among the state's best for rental affordability, with a 15.5% rent-to-income ratio that beats Mississippi's 19.6% state average. Median rent of $664 undercuts the state's $782 standard, giving renters breathing room that many Mississippi counties don't enjoy.
Competitive pricing in rural central region
Smith County's $664 rent aligns closely with Sunflower County ($670) and Tallahatchie County ($695) to the north, creating a consistent rental landscape across rural central Mississippi. Homeownership costs diverge more widely—Smith's $532 monthly mortgage payment is notably lower than nearby Tippah County's $667.
Housing takes a modest slice of income
Smith County residents allocate just 15.5% of their $51,396 median income to rent, leaving $3,860 annually for other essentials. For homeowners, monthly costs average $532, meaning owner-occupied housing claims roughly 12.5% of median household income.
Affordable stability for budget-conscious families
If you're relocating on a moderate income, Smith County offers a rare combination: rents below $700 and median home values under $120,000. Compare this stability to neighboring counties or Mississippi's state average before deciding—you may find Smith's affordability hard to beat.
Affordability Calculator
See how your income compares to housing costs in Smith County
Rent Burden
15.5%
of gross income
Max Housing (28% Rule)
$1,199
per month
Owner Cost Burden
12.4%
of gross income
You can likely afford the median home in Smith County
Median home value is $114,000. Estimated monthly cost: $910 vs. your max of $1,199.
Rent Affordability Guide
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.