Byram, MS

Below Avg · 79

Mississippi · Population 12,847 · Updated March 2026

$1,318
Median Rent / Month
$74,103
Median Income
$177,200
Median Home Value
$1,223
Owner Costs / Month

Affordability

How far your income goes in Byram

21.3%
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

$15,816
Annual Rent
$3,705
State Income Tax
$1,187
Property Tax (est.)

Cost of Living Overview

Byram is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 79 (where 100 equals the national median), Byram residents can expect to pay median rent of $1,318/month while earning a median household income of $74,103/year.

The median home value in Byram, MS is $177,200, with typical monthly owner costs around $1,223 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.3% 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 Byram.

Frequently Asked Questions

Common questions about living costs in Byram

What is the cost of living in Byram, MS?
The cost of living index in Byram, MS is 79 (US average = 100). Median monthly rent is $1,318, median household income is $74,103/year, and the median home value is $177,200.
Is Byram, MS affordable?
Yes, Byram is more affordable than the national average with a cost index of 79. The rent-to-income ratio is 21.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Byram, MS?
The median gross rent in Byram, MS is $1,318 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $15,816.
What is the median household income in Byram?
The median household income in Byram, MS is $74,103 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%.