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Cost of Living in Tate County

Is it better to rent or buy in Tate 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.

$67,420
$1,000/mo

Median in area: $1,000

$207,386

Median in area: $207,386

$41,477

If you Rent

🔑
$1,210 /mo
Base Rent$1,000
Est. Utilities$210
% of Income21.5%
Pre-tax Residual$4,408

If you Buy

🏠
$1,511 /mo
P&I (7.118%)$1,117
Taxes & Ins$184
Est. Utilities$210
% of Income26.9%
Pre-tax Residual$4,107

Compare Nearby Areas

See how Tate County stacks up against neighboring areas.

countyLafayette County, MS
$1,116/mo
countyMarshall County, MS
$1,172/mo
countyTunica County, MS
$985/mo
countyPanola County, MS
$958/mo
countyDeSoto County, MS
$1,628/mo

Cost of Living FAQs

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

Based on median housing data, renting is currently more affordable on a monthly basis in Tate County. The estimated all-in monthly cost for renting is $1,210, while owning a median-priced home with a 20% down payment is roughly $1,511 per month (a difference of $301).

How much do utilities cost in Tate County?›

The average monthly utility cost (electricity and natural gas) for a typical home in Tate 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 Tate County?›

To comfortably afford the median rent and utilities in Tate County without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $48,400 per year.