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Cost of Living in Colbert County

Is it better to rent or buy in Colbert County? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$63,359
$837/mo

Median in area: $837

$170,219

Median in area: $170,219

$34,044

If you Rent

🔑
$1,047 /mo
Base Rent$837
Est. Utilities$210
% of Income19.8%
Pre-tax Residual$4,233

If you Buy

🏠
$1,265 /mo
P&I (7.16%)$921
Taxes & Ins$134
Est. Utilities$210
% of Income24.0%
Pre-tax Residual$4,015

Compare Nearby Areas

See how Colbert County stacks up against neighboring areas.

countyTishomingo County, MS
$697/mo
countyLawrence County, AL
$837/mo
countyFranklin County, AL
$697/mo
countyLauderdale County, AL
$853/mo

Cost of Living FAQs

Is it cheaper to rent or buy in Colbert County?›

Based on median housing data, renting is currently more affordable on a monthly basis in Colbert County. The estimated all-in monthly cost for renting is $1,047, while owning a median-priced home with a 20% down payment is roughly $1,265 per month (a difference of $218).

How much do utilities cost in Colbert County?›

The average monthly utility cost (electricity and natural gas) for a typical home in Colbert County is approximately $210. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Colbert County?›

To comfortably afford the median rent and utilities in Colbert County without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $41,880 per year.