Cost of Living in Tippah County, Mississippi
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Tippah County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Tippah County ranks #894 of 3,144 counties for affordability (top 28%)
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.
Cost of Living Advisory: Tippah County
Affordability Verdict
Tippah County offers affordable rental housing at a median of $720/month — about 16.9% of the typical household income here.
Rent vs. Own
At $720/month rent versus $667/month in owner costs, owning is roughly $53/month cheaper — a 7% difference.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $28,800/year. For owner costs at the 28% rule, the required income is roughly $28,586/year. With a median household income of $51,141, most households can comfortably afford rent here. Notably, 24.0% of renter households in Tippah County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Compared to Attala County where rent averages $774/month, Tippah County is approximately 7% less expensive.
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
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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