Panola County, MS at a glance
Median household income
$45,945$3,829 per month · U.S. Census Bureau ACS 5-YearHow much rent can you afford in Panola County, MS?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
How much is rent in Panola County, MS? By bedroom, 2026
HUD's fiscal 2026 Fair Market Rents for Panola County, MS, with the income each one takes if rent stays under 30% of it.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $605 | $7,260 | $24,200 | 15.8% |
| 1-Bedroom Apartment | $743 | $8,916 | $29,720 | 19.4% |
| 2-Bedroom ApartmentBenchmark | $878 | $10,536 | $35,120 | 22.9% |
| 3-Bedroom Home | $1,121 | $13,452 | $44,840 | 29.3% |
| 4-Bedroom Home | $1,455 | $17,460 | $58,200 | 38% |
What a typical income covers in Panola County, MS
The 50/30/20 rule applied to the local median of $45,945 a year ($3,829 a month before tax).
What $45,945 leaves after Mississippi taxes
Federal income tax, Social Security, Medicare and Mississippi tax on the local median income. Change the salary to see yours.
Rent, jobs and pay in Mississippi
Living in Panola County, MS: common questions
What is the median household income in Panola County, MS?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Panola County, MS is $45,945 per year (approximately $3,829 per month).
What is the average rent in Panola County, MS?
The closest official figure is HUD's Fair Market Rent for 2026: $605 for a studio, $743 for one bedroom, $878 for two, $1,121 for three and $1,455 for four, utilities included.
It is not an average of listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so a new lease on a nicer place will usually cost more.
Is Panola County, MS expensive to live in?
Prices there run 13% below the U.S. average. BEA's regional price parity for Mississippi is 87.0, where the U.S. is 100. Rent moves the number most: housing is where places differ, while goods cost about the same everywhere.
How much do you need to earn to comfortably afford rent in Panola County, MS?
To keep a $878 two-bedroom under 30% of gross income, a household needs about $35,120 a year, or $2,927 a month. That is 76% of what the typical household in Panola County, MS earns.
How much do you need to live comfortably in Panola County, MS?
On the local median income of $45,945 ($3,829 a month before tax), the 50/30/20 rule leaves $1,914 a month for needs like rent, utilities and groceries, $1,149 for everything else and $766 for savings or debt. A two-bedroom at $878 takes 46% of the needs share.
How much is the electric bill in Panola County, MS?
Homes in Mississippi paid 14.9¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $134. Your bill depends mostly on heating and cooling.