Brookhaven, MS

Very Low · 46

Mississippi · Population 11,656 · Updated March 2026

$736
Median Rent / Month
$36,269
Median Income
$111,500
Median Home Value
$704
Owner Costs / Month

Affordability

How far your income goes in Brookhaven

24.4%
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

$8,832
Annual Rent
$1,813
State Income Tax
$747
Property Tax (est.)

Cost of Living Overview

Brookhaven is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 46 (where 100 equals the national median), Brookhaven residents can expect to pay median rent of $736/month while earning a median household income of $36,269/year.

The median home value in Brookhaven, MS is $111,500, with typical monthly owner costs around $704 including mortgage, insurance, and taxes. The median rent-to-income ratio of 24.4% 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 Brookhaven.

Frequently Asked Questions

Common questions about living costs in Brookhaven

What is the cost of living in Brookhaven, MS?
The cost of living index in Brookhaven, MS is 46 (US average = 100). Median monthly rent is $736, median household income is $36,269/year, and the median home value is $111,500.
Is Brookhaven, MS affordable?
Yes, Brookhaven is more affordable than the national average with a cost index of 46. The rent-to-income ratio is 24.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Brookhaven, MS?
The median gross rent in Brookhaven, MS is $736 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $8,832.
What is the median household income in Brookhaven?
The median household income in Brookhaven, MS is $36,269 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%.