Flowood, MS

Average · 97

Mississippi · Population 10,384 · Updated March 2026

$1,409
Median Rent / Month
$83,204
Median Income
$288,400
Median Home Value
$1,436
Owner Costs / Month

Affordability

How far your income goes in Flowood

20.3%
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

$16,908
Annual Rent
$4,160
State Income Tax
$1,932
Property Tax (est.)

Cost of Living Overview

Flowood has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 97 (where 100 equals the national median), Flowood residents can expect to pay median rent of $1,409/month while earning a median household income of $83,204/year.

The median home value in Flowood, MS is $288,400, with typical monthly owner costs around $1,436 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.3% 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 Flowood.

Frequently Asked Questions

Common questions about living costs in Flowood

What is the cost of living in Flowood, MS?
The cost of living index in Flowood, MS is 97 (US average = 100). Median monthly rent is $1,409, median household income is $83,204/year, and the median home value is $288,400.
Is Flowood, MS affordable?
Yes, Flowood is more affordable than the national average with a cost index of 97. The rent-to-income ratio is 20.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Flowood, MS?
The median gross rent in Flowood, MS is $1,409 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $16,908.
What is the median household income in Flowood?
The median household income in Flowood, MS is $83,204 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%.