Cost of Living in Wayne County, Mississippi

$786/mo
Median Monthly Rent
$88,000
Median Home Value
1% above state averageUnaffordable

At a Glance

Median Monthly Rent
$786/mo
1% above state average
Median Home Value
$88,000
69% below national
Rent-to-Income Ratio
43.0%
% 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 Wayne County Compares

Median monthly rent comparison

Wayne County$786/mo
Mississippi Average$782/mo
National Median$1,163/mo

Detailed Housing Stats

$786/mo
Median Gross Rent
$88,000
Median Home Value
$499/mo
Monthly Owner Cost
43.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Wayne County, Mississippi

Wayne County renters severely rent-burdened

Wayne County renters spend 25.6% of income on rent—more than double the national affordability standard of 12%. With median household income at just $36,791, this is Mississippi's most acute housing affordability crisis.

Worst affordability in Mississippi

Wayne County's 25.6% rent-to-income ratio is the highest among all Mississippi counties, far exceeding the state average of 19.6%. At median rent of $786 against median income of $36,791, housing costs consume nearly a quarter of household earnings.

Severely burdened relative to region

Wayne County's 25.6% burden nearly doubles neighboring Winston County's 16.0% ratio and significantly exceeds Washington County's 23.5%. Among all eight counties surveyed, Wayne faces the harshest housing cost pressures on the lowest incomes.

Homeownership provides relief

Wayne County homeowners pay just $499 monthly versus renters at $786—a $287 gap that makes purchase attractive despite median home values of $88,000. However, with median household income at $36,791, even homeownership leaves little budget flexibility.

Wayne County: time to explore options

Wayne County residents should seriously compare relocation to counties like Webster (12.4% burden) or Winston (16.0%), where the same income stretches much further. Moving 40 miles to a better-positioned county could mean $150+ monthly rent savings for working families.

Affordability Calculator

See how your income compares to housing costs in Wayne County

$

Rent Burden

25.6%

of gross income

Max Housing (28% Rule)

$858

per month

Owner Cost Burden

16.3%

of gross income

You can likely afford the median home in Wayne County

Median home value is $88,000. Estimated monthly cost: $703 vs. your max of $858.

Rent Affordability Guide

Your rent-to-income ratio25.6%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Wayne County, Mississippi?
Wayne County, Mississippi has a median monthly rent of $786/mo and a median home value of $88,000. The affordability rating is Unaffordable, with rent making up approximately 43.0% of median household income.
What is the median rent in Wayne County?
The median gross rent in Wayne County is $786/mo. This is 1% above state average for Mississippi.
Is Wayne County affordable?
Wayne County is rated Unaffordable based on rent-to-income ratio of 43.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Wayne County's rent compare to the state average?
Wayne County's median rent of $786/mo is 1% above state average of $782/mo for Mississippi.
What is the median home value in Wayne County?
The median home value in Wayne County, Mississippi is $88,000. This is 69% below the national median home value of $281,900.
Sponsored

Planning a Move?

Researching the cost of living in Wayne County, Mississippi? Compare moving quotes from top providers and save on your relocation.

Compare Moving Quotes

Counties with Similar Housing Costs

Sponsored

Compare Mortgage Rates in Wayne County

Whether you're buying your first home or refinancing, compare rates from top lenders to find the best deal.

See Today's Rates

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