Rankin County, MS at a glance
Median household income
$79,357$6,613 per month · U.S. Census Bureau ACS 5-YearHow much rent can you afford in Rankin 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 Rankin County, MS? By bedroom, 2026
HUD's fiscal 2026 Fair Market Rents for Jackson, MS HUD Metro FMR Area, 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 | $1,091 | $13,092 | $43,640 | 16.5% |
| 1-Bedroom Apartment | $1,097 | $13,164 | $43,880 | 16.6% |
| 2-Bedroom ApartmentBenchmark | $1,288 | $15,456 | $51,520 | 19.5% |
| 3-Bedroom Home | $1,544 | $18,528 | $61,760 | 23.3% |
| 4-Bedroom Home | $1,705 | $20,460 | $68,200 | 25.8% |
What a typical income covers in Rankin County, MS
The 50/30/20 rule applied to the local median of $79,357 a year ($6,613 a month before tax).
What $79,357 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 Rankin County, MS: common questions
What is the median household income in Rankin County, MS?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Rankin County, MS is $79,357 per year (approximately $6,613 per month).
What is the average rent in Rankin County, MS?
The closest official figure is HUD's Fair Market Rent for 2026: $1,091 for a studio, $1,097 for one bedroom, $1,288 for two, $1,544 for three and $1,705 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 Rankin County, MS expensive to live in?
Prices there run 11% below the U.S. average. BEA's regional price parity for the metro area is 89.0, 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 Rankin County, MS?
To keep a $1,288 two-bedroom under 30% of gross income, a household needs about $51,520 a year, or $4,293 a month. That is 65% of what the typical household in Rankin County, MS earns.
How much do you need to live comfortably in Rankin County, MS?
On the local median income of $79,357 ($6,613 a month before tax), the 50/30/20 rule leaves $3,307 a month for needs like rent, utilities and groceries, $1,984 for everything else and $1,323 for savings or debt. A two-bedroom at $1,288 takes 39% of the needs share.
How much is the electric bill in Rankin 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.