Corinth, MS

Very Low · 49

Mississippi · Population 14,450 · Updated March 2026

$638
Median Rent / Month
$41,243
Median Income
$164,200
Median Home Value
$743
Owner Costs / Month

Affordability

How far your income goes in Corinth

18.6%
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

$7,656
Annual Rent
$2,062
State Income Tax
$1,100
Property Tax (est.)

Cost of Living Overview

Corinth is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 49 (where 100 equals the national median), Corinth residents can expect to pay median rent of $638/month while earning a median household income of $41,243/year.

The median home value in Corinth, MS is $164,200, with typical monthly owner costs around $743 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.6% 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 Corinth.

Frequently Asked Questions

Common questions about living costs in Corinth

What is the cost of living in Corinth, MS?
The cost of living index in Corinth, MS is 49 (US average = 100). Median monthly rent is $638, median household income is $41,243/year, and the median home value is $164,200.
Is Corinth, MS affordable?
Yes, Corinth is more affordable than the national average with a cost index of 49. The rent-to-income ratio is 18.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Corinth, MS?
The median gross rent in Corinth, MS is $638 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $7,656.
What is the median household income in Corinth?
The median household income in Corinth, MS is $41,243 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%.