Greenville, MS

Very Low · 48

Mississippi · Population 28,833 · Updated March 2026

$824
Median Rent / Month
$36,297
Median Income
$100,800
Median Home Value
$770
Owner Costs / Month

Affordability

How far your income goes in Greenville

27.2%
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

$9,888
Annual Rent
$1,815
State Income Tax
$675
Property Tax (est.)

Cost of Living Overview

Greenville is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 48 (where 100 equals the national median), Greenville residents can expect to pay median rent of $824/month while earning a median household income of $36,297/year.

The median home value in Greenville, MS is $100,800, with typical monthly owner costs around $770 including mortgage, insurance, and taxes. With a rent-to-income ratio of 27.2%, Greenville 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 Greenville.

Frequently Asked Questions

Common questions about living costs in Greenville

What is the cost of living in Greenville, MS?
The cost of living index in Greenville, MS is 48 (US average = 100). Median monthly rent is $824, median household income is $36,297/year, and the median home value is $100,800.
Is Greenville, MS affordable?
Yes, Greenville is more affordable than the national average with a cost index of 48. The rent-to-income ratio is 27.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Greenville, MS?
The median gross rent in Greenville, MS is $824 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $9,888.
What is the median household income in Greenville?
The median household income in Greenville, MS is $36,297 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%.