Ridgeland, MS

Below Avg · 84

Mississippi · Population 24,548 · Updated March 2026

$1,204
Median Rent / Month
$63,470
Median Income
$259,600
Median Home Value
$1,224
Owner Costs / Month

Affordability

How far your income goes in Ridgeland

22.8%
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

$14,448
Annual Rent
$3,174
State Income Tax
$1,739
Property Tax (est.)

Cost of Living Overview

Ridgeland is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 84 (where 100 equals the national median), Ridgeland residents can expect to pay median rent of $1,204/month while earning a median household income of $63,470/year.

The median home value in Ridgeland, MS is $259,600, with typical monthly owner costs around $1,224 including mortgage, insurance, and taxes. The median rent-to-income ratio of 22.8% 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 Ridgeland.

Frequently Asked Questions

Common questions about living costs in Ridgeland

What is the cost of living in Ridgeland, MS?
The cost of living index in Ridgeland, MS is 84 (US average = 100). Median monthly rent is $1,204, median household income is $63,470/year, and the median home value is $259,600.
Is Ridgeland, MS affordable?
Yes, Ridgeland is more affordable than the national average with a cost index of 84. The rent-to-income ratio is 22.8%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Ridgeland, MS?
The median gross rent in Ridgeland, MS is $1,204 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,448.
What is the median household income in Ridgeland?
The median household income in Ridgeland, MS is $63,470 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%.