Cleveland, MS

Very Low · 57

Mississippi · Population 10,855 · Updated March 2026

$860
Median Rent / Month
$43,519
Median Income
$162,300
Median Home Value
$840
Owner Costs / Month

Affordability

How far your income goes in Cleveland

23.7%
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

$10,320
Annual Rent
$2,176
State Income Tax
$1,087
Property Tax (est.)

Cost of Living Overview

Cleveland is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 57 (where 100 equals the national median), Cleveland residents can expect to pay median rent of $860/month while earning a median household income of $43,519/year.

The median home value in Cleveland, MS is $162,300, with typical monthly owner costs around $840 including mortgage, insurance, and taxes. The median rent-to-income ratio of 23.7% 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 Cleveland.

Frequently Asked Questions

Common questions about living costs in Cleveland

What is the cost of living in Cleveland, MS?
The cost of living index in Cleveland, MS is 57 (US average = 100). Median monthly rent is $860, median household income is $43,519/year, and the median home value is $162,300.
Is Cleveland, MS affordable?
Yes, Cleveland is more affordable than the national average with a cost index of 57. The rent-to-income ratio is 23.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Cleveland, MS?
The median gross rent in Cleveland, MS is $860 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $10,320.
What is the median household income in Cleveland?
The median household income in Cleveland, MS is $43,519 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%.