Clarksdale, MS

Very Low · 44

Mississippi · Population 14,423 · Updated March 2026

$762
Median Rent / Month
$35,210
Median Income
$84,200
Median Home Value
$717
Owner Costs / Month

Affordability

How far your income goes in Clarksdale

26.0%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

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

$9,144
Annual Rent
$1,760
State Income Tax
$564
Property Tax (est.)

Cost of Living Overview

Clarksdale is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 44 (where 100 equals the national median), Clarksdale residents can expect to pay median rent of $762/month while earning a median household income of $35,210/year.

The median home value in Clarksdale, MS is $84,200, with typical monthly owner costs around $717 including mortgage, insurance, and taxes. With a rent-to-income ratio of 26.0%, Clarksdale falls within the generally affordable range, though it's approaching the 30% burden threshold.

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 Clarksdale.

Frequently Asked Questions

Common questions about living costs in Clarksdale

What is the cost of living in Clarksdale, MS?
The cost of living index in Clarksdale, MS is 44 (US average = 100). Median monthly rent is $762, median household income is $35,210/year, and the median home value is $84,200.
Is Clarksdale, MS affordable?
Yes, Clarksdale is more affordable than the national average with a cost index of 44. The rent-to-income ratio is 26.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Clarksdale, MS?
The median gross rent in Clarksdale, MS is $762 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $9,144.
What is the median household income in Clarksdale?
The median household income in Clarksdale, MS is $35,210 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%.