Algoma, MS
Population 1,065 · Mississippi
About Algoma, MS
Algoma is a small town located in Mississippi with a population of 1,065 residents according to the latest US Census Bureau American Community Survey data. The median household income is $60,000 per year, which is 20% below the national median of $75,149. The median age of 36.1 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Algoma features a median home value of $201,500, which is 18% below the national median of $244,900. This positions Algoma in a moderately priced market relative to the rest of the country. Median monthly rent is $910, 22% below the national average of $1,163/month. Of the 473 total housing units, 84% are owner-occupied (342 units) and 16% are renter-occupied (64 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Algoma shows an unemployment rate of 3.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 13.4%, above the national average of 12.4%. Workers in Algoma have an average one-way commute time of 24.1 minutes.
Education & Demographics
21.8% of Algoma residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 7.6% White, 2.3% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.2% of the population being foreign-born.
Cost of Living in Algoma, MS
Compared to national averages, Algoma has a median household income of $60,000 (20% below the national median of $75,149). Home values average $201,500, which is 18% below the national median. Monthly rent at $910 is 22% below the US average of $1,163. Within Mississippi, Algoma's income is 20% above the state average of $49,929, and home values are 60% above the state median of $125,705.
Why Live in Algoma, MS?
Algoma offers affordable housing with a median home value of $201,500, below the US average of $244,900, and rent that’s lower than the national average at $910/month, and a strong job market with an unemployment rate of just 3.0%. Additionally, the city features short commute times averaging just 24.1 minutes.
Potential considerations include median household income ($60,000) that falls below the national average. However, Algoma’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Algoma has a population of 1,065 with a median age of 36.1 years. Compare Algoma with other cities to see how it stacks up, or explore all cities in Mississippi.
Similar Cities Near Algoma
Cities in Mississippi with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Stonewall | 1,058 | $27,981 | $60,000 | Compare |
| Sunflower | 1,049 | $24,479 | $77,800 | Compare |
| Prentiss | 1,048 | $30,395 | $84,800 | Compare |
| Raleigh | 1,104 | $35,833 | $110,700 | Compare |
| Conehatta | 1,110 | $45,565 | $119,000 | Compare |
| Port Gibson | 1,114 | $29,500 | $127,100 | Compare |
| Alcorn State University | 1,007 | $0 | $0 | Compare |
| Vardaman | 1,004 | $36,000 | $55,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Mississippi
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Algoma With Other Cities
Frequently Asked Questions about Algoma
What is the population of Algoma, MS?
The population of Algoma, MS is 1,065 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Mississippi.
What is the median household income in Algoma?
The median household income in Algoma, MS is $60,000 per year, which is 20% below the national median of $75,149.
What is the median home value in Algoma?
The median home value in Algoma, MS is $201,500, which is 18% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Algoma?
The median monthly rent in Algoma, MS is $910, which is 22% below the national average of $1,163/month.
What is the unemployment rate in Algoma?
The unemployment rate in Algoma, MS is 3.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Algoma, MS a good place to live?
Algoma offers a moderate cost of living, affordable housing, and a strong job market. With a population of 1,065 and a median age of 36.1, the city appeals to a broad range of residents.
How educated is Algoma, MS?
21.8% of residents in Algoma aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Algoma?
Key cost-of-living indicators for Algoma, MS: median home value is $201,500 (18% below national), median rent is $910/month, and median household income is $60,000. The home-value-to-income ratio is 3.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Algoma?
The poverty rate in Algoma, MS is 13.4%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Algoma, MS?
Algoma's population is 7.6% White, 2.3% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 6.8% two or more races. 0.2% of residents are foreign-born.