Cost of Living in Southaven, MS
Population 56,226 · Census ACS 2020–2024 5-year estimates
The median rent in Southaven, MS is $1,445/month, 51% higher than the Mississippi median and 2% higher than the U.S. median. The median home value is $236,300, 29% lower than the national median. Households earn a median of $78,483 a year, 39% higher than the state median.
Affordability
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Southaven vs. Mississippi vs. U.S.
| Southaven | Mississippi | U.S. | |
|---|---|---|---|
| Median rent | $1,445 | $954 | $1,413 |
| Median home value | $236,300 | $169,800 | $332,700 |
| Median household income | $78,483 | $56,447 | $80,734 |
| Homeownership rate | 72.5% | 70.0% | 65.2% |
| Bachelor's degree or higher | 28.8% | 25.1% | 35.7% |
| Poverty rate | 12.6% | 18.9% | 12.5% |
| Unemployment rate | 3.3% | 5.8% | 5.2% |
| Work from home | 9.8% | 5.9% | 15.1% |
| Median age | 36.2 | 38.6 | 38.9 |
FAQ
What is the average rent in Southaven, MS?
The median gross rent in Southaven, MS is $1,445 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Southaven, MS?
Using the common 30% rule, renting a median-priced home takes about $57,800 a year in gross income.
Is Southaven, MS expensive to live in?
Rent there is 2% higher than the U.S. median, and the median home costs about 3.0 times the median household income.
Other cities in Mississippi
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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