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Cost of Living in Smith County, MS

Population 14,132 · Census ACS 2020–2024 5-year estimates

Median rent$664
Median home value$112,600
Median household income$60,916

The median rent in Smith County, MS is $664/month, 30% lower than the Mississippi median and 53% lower than the U.S. median. The median home value is $112,600, 66% lower than the national median. Households earn a median of $60,916 a year, 8% higher than the state median.

Affordability

Rent as a share of median income: 13.1%
Income needed for median rent (30% rule): $26,560/yr
Home price-to-income ratio: 1.8×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $569/mo

Run your own numbers: mortgage calculator · hourly to salary

Smith County vs. Mississippi vs. U.S.

Smith CountyMississippiU.S.
Median rent$664$954$1,413
Median home value$112,600$169,800$332,700
Median household income$60,916$56,447$80,734
Homeownership rate87.4%70.0%65.2%
Bachelor's degree or higher15.6%25.1%35.7%
Poverty rate17.0%18.9%12.5%
Unemployment rate4.4%5.8%5.2%
Work from home3.8%5.9%15.1%
Median age43.538.638.9

FAQ

What is the average rent in Smith County, MS?

The median gross rent in Smith County, MS is $664 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Smith County, MS?

Using the common 30% rule, renting a median-priced home takes about $26,560 a year in gross income.

Is Smith County, MS expensive to live in?

Rent there is 53% lower than the U.S. median, and the median home costs about 1.8 times the median household income.

Other counties in Mississippi

Hinds County, MSRent $1,061 · Income $49,402Harrison County, MSRent $1,115 · Income $59,479DeSoto County, MSRent $1,451 · Income $85,297Rankin County, MSRent $1,270 · Income $79,357Jackson County, MSRent $1,101 · Income $66,201Madison County, MSRent $1,186 · Income $83,441

Counties with a similar cost of living

Washington County, ALRent $655 · Income $61,042Monroe County, OHRent $672 · Income $60,134Perry County, INRent $682 · Income $61,151Macon County, MORent $672 · Income $62,357Pike County, ILRent $676 · Income $59,777Polk County, TNRent $676 · Income $62,522

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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