Picayune, MS

Very Low · 55

Mississippi · Population 11,839 · Updated March 2026

$907
Median Rent / Month
$37,270
Median Income
$146,500
Median Home Value
$768
Owner Costs / Month

Affordability

How far your income goes in Picayune

29.2%
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

$10,884
Annual Rent
$1,864
State Income Tax
$982
Property Tax (est.)

Cost of Living Overview

Picayune is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 55 (where 100 equals the national median), Picayune residents can expect to pay median rent of $907/month while earning a median household income of $37,270/year.

The median home value in Picayune, MS is $146,500, with typical monthly owner costs around $768 including mortgage, insurance, and taxes. With a rent-to-income ratio of 29.2%, Picayune 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 Picayune.

Frequently Asked Questions

Common questions about living costs in Picayune

What is the cost of living in Picayune, MS?
The cost of living index in Picayune, MS is 55 (US average = 100). Median monthly rent is $907, median household income is $37,270/year, and the median home value is $146,500.
Is Picayune, MS affordable?
Yes, Picayune is more affordable than the national average with a cost index of 55. The rent-to-income ratio is 29.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Picayune, MS?
The median gross rent in Picayune, MS is $907 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $10,884.
What is the median household income in Picayune?
The median household income in Picayune, MS is $37,270 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%.