Cost of Living in Tippah County, Mississippi

$720/mo
Median Monthly Rent
$128,400
Median Home Value
8% below state averageUnaffordable

At a Glance

Median Monthly Rent
$720/mo
8% below state average
Median Home Value
$128,400
54% below national
Rent-to-Income Ratio
24.0%
% 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 Tippah County Compares

Median monthly rent comparison

Tippah County$720/mo
Mississippi Average$782/mo
National Median$1,163/mo

Detailed Housing Stats

$720/mo
Median Gross Rent
$128,400
Median Home Value
$667/mo
Monthly Owner Cost
24.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Tippah County, Mississippi

Tippah County rents stay firmly affordable nationally

Tippah County's 16.9% rent-to-income ratio aligns with American affordability standards, while the $51,141 median household income remains below the national $74,755 median. A $720 monthly rent represents a reasonable housing cost, even for moderate earners in this rural county.

Solid affordability against Mississippi averages

Tippah County's 16.9% rent-to-income ratio outperforms Mississippi's 19.6% state average, placing it among the state's more affordable rental markets. At $720 per month, median rent falls between the state average of $782 and lower-priced rural counties, offering balance between cost and availability.

Mid-range pricing in the north-central region

Tippah County's $720 rent sits between Smith County's $664 and Stone County's $839, positioning it as a moderate-cost option in the region. Homeownership at $667 monthly cost remains competitive, with median values of $128,400 offering reasonable entry points for buyers.

Balanced housing costs across income distribution

Tippah County renters spend 16.9% of their $51,141 median income on rent, retaining $3,591 monthly for other expenses after housing. Homeowners allocate $667 monthly, or 15.6% of household income, keeping both rental and owner-occupied housing within sustainable ranges.

Reliable affordability for moderate-income relocations

Tippah County offers dependable housing affordability with $720 rents and sub-$130,000 median home values for a $51,000 median income baseline. If you're relocating on a modest budget and value stability over growth potential, Tippah's balanced pricing deserves serious consideration.

Affordability Calculator

See how your income compares to housing costs in Tippah County

$

Rent Burden

16.9%

of gross income

Max Housing (28% Rule)

$1,193

per month

Owner Cost Burden

15.7%

of gross income

You can likely afford the median home in Tippah County

Median home value is $128,400. Estimated monthly cost: $1,025 vs. your max of $1,193.

Rent Affordability Guide

Your rent-to-income ratio16.9%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Tippah County, Mississippi?
Tippah County, Mississippi has a median monthly rent of $720/mo and a median home value of $128,400. The affordability rating is Unaffordable, with rent making up approximately 24.0% of median household income.
What is the median rent in Tippah County?
The median gross rent in Tippah County is $720/mo. This is 8% below state average for Mississippi.
Is Tippah County affordable?
Tippah County is rated Unaffordable based on rent-to-income ratio of 24.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Tippah County's rent compare to the state average?
Tippah County's median rent of $720/mo is 8% below state average of $782/mo for Mississippi.
What is the median home value in Tippah County?
The median home value in Tippah County, Mississippi is $128,400. This is 54% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.