Cost of Living in Panola County, MS
Population 32,808 · Census ACS 2020–2024 5-year estimates
The median rent in Panola County, MS is $874/month, 8% lower than the Mississippi median and 38% lower than the U.S. median. The median home value is $127,800, 62% lower than the national median. Households earn a median of $45,945 a year, 19% lower than the state median.
Affordability
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Panola County vs. Mississippi vs. U.S.
| Panola County | Mississippi | U.S. | |
|---|---|---|---|
| Median rent | $874 | $954 | $1,413 |
| Median home value | $127,800 | $169,800 | $332,700 |
| Median household income | $45,945 | $56,447 | $80,734 |
| Homeownership rate | 71.1% | 70.0% | 65.2% |
| Bachelor's degree or higher | 17.7% | 25.1% | 35.7% |
| Poverty rate | 23.3% | 18.9% | 12.5% |
| Unemployment rate | 6.6% | 5.8% | 5.2% |
| Work from home | 4.6% | 5.9% | 15.1% |
| Median age | 39.4 | 38.6 | 38.9 |
FAQ
What is the average rent in Panola County, MS?
The median gross rent in Panola County, MS is $874 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Panola County, MS?
Using the common 30% rule, renting a median-priced home takes about $34,960 a year in gross income.
Is Panola County, MS expensive to live in?
Rent there is 38% lower than the U.S. median, and the median home costs about 2.8 times the median household income.
Other counties in Mississippi
Counties 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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