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Jackson, MS vs Holmes County, MS
A 2-bedroom in Holmes County costs $446 less per month than Jackson ($842 vs $1,288). Median income is $60,489 in Jackson and $29,434 in Holmes County. That's a difference of $5,352 per year in housing costs.
Side-by-Side Comparison
| Metric | Jackson | Holmes County |
|---|---|---|
| Studio FMR | $1,091 | $733 |
| 1BR FMR | $1,097 | $768 |
| 2BR FMR | $1,288 | $842 |
| 3BR FMR | $1,544 | $1,111 |
| 4BR FMR | $1,705 | $1,115 |
| Median Income | $60,489 | $29,434 |
| Rent Burden | 25.6% | 34.3% |
| Actual Median Rent | $1,034 | $589 |
| Median Home Value | $188,500 | $76,500 |
| Population | 616K | 16K |
| Renter % | 32.5% | 39.4% |
| Vacancy Rate | 12.6% | 20.7% |
| Poverty Rate | 17.4% | 38% |
| Unemployment | - | 5.7% |
| YoY Change | +11.1% | - |
| Min Wage | $7.25/hr | $7.25/hr |
Income Required to Afford a 2-Bedroom
Jackson, MS
Annual Income Needed
$51,520
Hourly Wage Needed
$25/hr
Min Wage Work Hours/Week
136.7 hrs
at $7.25/hr (MS min wage)
Holmes County, MS
Annual Income Needed
$33,680
Hourly Wage Needed
$16/hr
Min Wage Work Hours/Week
89.3 hrs
at $7.25/hr (MS min wage)
Frequently Asked Questions
Holmes County, MS is more affordable with a 2BR FMR of $842/mo, which is $446 less than Jackson at $1,288/mo. However, when considering local incomes, Jackson has a rent burden of 25.6% vs 34.3% in Holmes County.
A 2-bedroom in Jackson, MS costs $1,288/mo at Fair Market Rent, while in Holmes County, MS it's $842/mo, a difference of $446/mo or $5,352/year.
To afford a 2BR without spending more than 30% of income on rent: Jackson requires $51,520/year ($25/hr). Holmes County requires $33,680/year ($16/hr).
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