Cost of Living in Mississippi
Housing costs, rent, income, and affordability for 419 cities in MS. Updated 2026.
Understanding the cost of living in Mississippi is essential whether you're planning a move, comparing job offers, or evaluating real estate investments. This page breaks down housing costs, rent prices, and median household income for every city in Mississippi, with comparisons to national averages.
Mississippi's average home value of $105,904 is 57% below the national median of $244,900. The average median household income is $41,826, and average monthly rent is $575.
Most Affordable Cities in Mississippi
Cities with population 5,000+ ranked by lowest median home value.
| # | City | Home Value | Rent | Income | Population |
|---|---|---|---|---|---|
| 1 | Clarksdale | $84,200 | $762/mo | $35,210 | 14,423 |
| 2 | Yazoo City | $93,000 | $823/mo | $28,722 | 10,270 |
| 3 | Philadelphia | $95,600 | $760/mo | $36,781 | 7,030 |
| 4 | Greenwood | $98,500 | $743/mo | $34,659 | 13,983 |
| 5 | Greenville | $100,800 | $824/mo | $36,297 | 28,833 |
| 6 | Meridian | $100,800 | $865/mo | $34,657 | 34,466 |
| 7 | McComb | $102,100 | $803/mo | $40,515 | 12,202 |
| 8 | Moss Point | $107,700 | $1,043/mo | $46,684 | 12,066 |
| 9 | Jackson | $108,200 | $1,018/mo | $43,238 | 149,827 |
| 10 | Laurel | $110,200 | $839/mo | $37,781 | 17,129 |
| 11 | Holly Springs | $110,900 | $754/mo | $47,344 | 6,861 |
| 12 | Leakesville | $111,300 | $826/mo | $65,745 | 5,564 |
| 13 | Brookhaven | $111,500 | $736/mo | $36,269 | 11,656 |
| 14 | Canton | $111,800 | $949/mo | $34,812 | 10,863 |
| 15 | Columbia | $112,100 | $656/mo | $34,328 | 5,804 |
Most Expensive Cities in Mississippi
| # | City | Home Value | Rent | Income | Population |
|---|---|---|---|---|---|
| 1 | Madison | $334,700 | $1,798/mo | $120,918 | 27,775 |
| 2 | Oxford | $333,400 | $1,093/mo | $59,901 | 26,086 |
| 3 | Flowood | $288,400 | $1,409/mo | $83,204 | 10,384 |
| 4 | Hernando | $282,200 | $1,163/mo | $71,451 | 17,580 |
| 5 | Olive Branch | $269,900 | $1,609/mo | $98,421 | 46,538 |
| 6 | Starkville | $265,900 | $875/mo | $39,751 | 25,611 |
| 7 | Ridgeland | $259,600 | $1,204/mo | $63,470 | 24,548 |
| 8 | Pass Christian | $257,300 | $1,092/mo | $74,302 | 5,942 |
| 9 | Brandon | $255,900 | $1,261/mo | $93,073 | 25,352 |
| 10 | Diamondhead | $236,700 | $1,571/mo | $86,208 | 9,338 |
Highest Income Cities in Mississippi
| # | City | Median Income | Home Value | Population |
|---|---|---|---|---|
| 1 | Madison | $120,918 | $334,700 | 27,775 |
| 2 | Olive Branch | $98,421 | $269,900 | 46,538 |
| 3 | Brandon | $93,073 | $255,900 | 25,352 |
| 4 | Diamondhead | $86,208 | $236,700 | 9,338 |
| 5 | Flowood | $83,204 | $288,400 | 10,384 |
| 6 | Ocean Springs | $78,929 | $235,100 | 18,561 |
| 7 | Southaven | $76,159 | $214,800 | 55,531 |
| 8 | Pass Christian | $74,302 | $257,300 | 5,942 |
| 9 | Byram | $74,103 | $177,200 | 12,847 |
| 10 | Petal | $72,845 | $161,400 | 11,195 |
Cost of Living FAQ — Mississippi
What is the average cost of living in Mississippi?
The average median home value across Mississippi cities is $105,904, with average rent of $575/month. The average median household income is $41,826.
What are the cheapest cities in Mississippi?
The most affordable cities in Mississippi by home value include Clarksdale ($84,200), Yazoo City ($93,000), Philadelphia ($95,600).
What is the most expensive city in Mississippi?
The most expensive city in Mississippi is Madison with a median home value of $334,700.
How does Mississippi compare to the national average?
Mississippi's average home value of $105,904 is below the national median of $244,900. Median rent of $575/month is below the US average of $1,163.