Brandon, MS

Below Avg · 87

Mississippi · Population 25,352 · Updated March 2026

$1,261
Median Rent / Month
$93,073
Median Income
$255,900
Median Home Value
$1,325
Owner Costs / Month

Affordability

How far your income goes in Brandon

16.3%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Mississippi

State-level tax rates that affect your costs

5.0%
Income Tax (Top Rate)
7.0%
Sales Tax
0.67%
Property Tax Rate

Estimated Annual Costs

$15,132
Annual Rent
$4,654
State Income Tax
$1,715
Property Tax (est.)

Cost of Living Overview

Brandon offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 87 (where 100 equals the national median), Brandon residents can expect to pay median rent of $1,261/month while earning a median household income of $93,073/year.

The median home value in Brandon, MS is $255,900, with typical monthly owner costs around $1,325 including mortgage, insurance, and taxes. The median rent-to-income ratio of 16.3% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Mississippi has a moderate income tax rate of 5.0%. Combined with a 7.0% sales tax rate and 0.67% effective property tax rate, the overall tax environment is a factor in the total cost of living in Brandon.

Frequently Asked Questions

Common questions about living costs in Brandon

What is the cost of living in Brandon, MS?
The cost of living index in Brandon, MS is 87 (US average = 100). Median monthly rent is $1,261, median household income is $93,073/year, and the median home value is $255,900.
Is Brandon, MS affordable?
Yes, Brandon is more affordable than the national average with a cost index of 87. The rent-to-income ratio is 16.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Brandon, MS?
The median gross rent in Brandon, MS is $1,261 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $15,132.
What is the median household income in Brandon?
The median household income in Brandon, MS is $93,073 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Mississippi?
Mississippi has a top income tax rate of 5.0%, a sales tax of 7.0%, and an effective property tax rate of 0.67%.