Cost of Living in Tunica County, Mississippi

$938/mo
Median Monthly Rent
$154,500
Median Home Value

At a Glance

Median Monthly Rent
$938/mo
20% above state average
Median Home Value
$154,500
45% below national
Rent-to-Income Ratio
37.0%
% 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 Tunica County Compares

Median monthly rent comparison

Tunica County$938/mo
Mississippi Average$782/mo
National Median$1,163/mo

Detailed Housing Stats

$938/mo
Median Gross Rent
$154,500
Median Home Value
$682/mo
Monthly Owner Cost
37.0%
Rent-to-Income Ratio

National Ranking

Affordability Rank

Tunica County ranks #2,799 of 3,144 counties for affordability (bottom 11%)

Most AffordableLeast Affordable

Data Story

About Cost of Living in Tunica County, Mississippi

Tunica County housing costs reach critical affordability levels

At 29.3%, Tunica County's rent-to-income ratio ranks among America's least affordable housing markets—severely straining lower-income families. The $38,402 median household income pairs with $938 monthly rent to create genuine hardship, consuming nearly a third of gross earnings for housing alone.

Mississippi's most severe affordability crisis

Tunica County's 29.3% rent-to-income ratio drastically exceeds Mississippi's 19.6% state average, marking it as the state's most unaffordable county in this profile. At $938 per month, median rent towers above the state average of $782, creating exceptional strain on the county's lowest earners.

Highest rents, lowest incomes: perfect affordability storm

Tunica County's $938 rent is the region's highest, yet paired with the second-lowest median household income of $38,402, creating acute affordability stress. The gap between Tunica and Smith County is striking: identical $664 rents in Smith versus $938 here, with $13,000 less annual income.

Housing crisis consumes nearly one-third of income

Tunica County renters spend 29.3% of their $38,402 median income on housing—a devastating $938 monthly—leaving just $2,289 for all other expenses. Even homeowners struggle with $682 monthly costs consuming 21.3% of household income, well above healthy affordability benchmarks.

Relocation here demands serious income guarantee

Tunica County's affordability crisis is severe and unambiguous: $938 monthly rents on a $38,000 median income creates genuine hardship. Do not relocate here unless your income significantly exceeds the county median—consider instead any of the neighboring counties in this profile, which offer dramatically better affordability ratios for equivalent housing.

Cost of Living Advisory: Tunica County

Affordability Verdict

Tunica County is moderately affordable for renters, with a median gross rent of $938/month representing approximately 29.3% of median household income. The rent burden (GRAPI) stands at 37.0%.

Rent vs. Own

The median rent in Tunica County is $938/month, while owner costs run $682/month. Owning saves approximately $256/month.

Income Needed

To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $37,520/year. For owner costs at the 28% rule, the required income is roughly $29,229/year. With a median household income of $38,402, most households can comfortably afford rent here. Notably, 37.0% of renter households in Tunica County are cost-burdened, spending more than 30% of income on housing.

Regional Context

Within Mississippi, Tunica County is more affordable than Pearl River County by roughly 6% ($938/mo vs $887/mo).

Affordability Calculator

See how your income compares to housing costs in Tunica County

$

Rent Burden

29.3%

of gross income

Max Housing (28% Rule)

$896

per month

Owner Cost Burden

21.3%

of gross income

The median home in Tunica County may be a stretch

Median home value is $154,500. Estimated monthly cost: $1,233 vs. your max of $896.

Rent Affordability Guide

Your rent-to-income ratio29.3%
Recommended max30.0%

Income Needed Calculator

See how much you need to earn to comfortably afford housing

$
Rent Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $38,402Needed: $37,520
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $38,402Needed: $29,229
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $38,402Needed: $35,956

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

What is the cost of living in Tunica County, Mississippi?
Tunica County, Mississippi has a median monthly rent of $938/mo and a median home value of $154,500. The affordability rating is Unaffordable, with rent making up approximately 37.0% of median household income.
What is the median rent in Tunica County?
The median gross rent in Tunica County is $938/mo. This is 20% above state average for Mississippi.
Is Tunica County affordable?
Tunica County is rated Unaffordable based on rent-to-income ratio of 37.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Tunica County's rent compare to the state average?
Tunica County's median rent of $938/mo is 20% above state average of $782/mo for Mississippi.
What is the median home value in Tunica County?
The median home value in Tunica County, Mississippi is $154,500. This is 45% below the national median home value of $281,900.

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By Logan Johnson, Founder & Data EditorUpdated Reviewed by Logan Johnson, Founder & Data Editor

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.

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