Safe Rate Local

Cost of Living in Hinds County

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

← Back to Hinds County Hub

Rent vs. Buy Affordability Calculator

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

$54,644
$1,079/mo

Median in area: $1,079

$150,281

Median in area: $150,281

$30,056

If you Rent

🔑
$1,266 /mo
Base Rent$1,079
Est. Utilities$187
% of Income27.8%
Pre-tax Residual$3,288

If you Buy

🏠
$1,214 /mo
P&I (7.202%)$816
Taxes & Ins$211
Est. Utilities$187
% of Income26.7%
Pre-tax Residual$3,339

Compare Nearby Areas

See how Hinds County stacks up against neighboring areas.

countyYazoo County, MS
$879/mo
countyCopiah County, MS
$777/mo
countyMadison County, MS
$1,360/mo
countyWarren County, MS
$934/mo
countyRankin County, MS
$1,225/mo

Cost of Living FAQs

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

Based on median housing data, buying is currently more affordable on a monthly basis in Hinds County. The estimated all-in monthly cost for renting is $1,266, while owning a median-priced home with a 20% down payment is roughly $1,214 per month (a difference of $52).

How much do utilities cost in Hinds County?›

The average monthly utility cost (electricity and natural gas) for a typical home in Hinds County is approximately $187. This estimate uses local utility rate schedules combined with median energy consumption profiles.

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

To comfortably afford the median rent and utilities in Hinds County without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $50,640 per year.