Housing costs in Rankin?
A typical home costs
$227,500, which is 32.7% less expensive than the national average of
$338,100 and 46.5% more expensive than the average Mississippi home, at
$155,300. Renting a two-bedroom unit in Rankin costs
$1,060 per month, which is 25.9% cheaper than the national average of
$1,430 and 16.0% more than the state average of
$890.
Can I afford Rankin?
To live comfortably in Rankin Mississi County, Mississippi, a minimum annual income of
$43,560 for a family, and
$36,400 for a single person is recommended.
What does A.I. say about Rankin?
Rankin County, Mississippi is an affordable place to live, with an average house value of $227,500 and a cost of living index that is 88.5. This is significantly lower than the national average of $338,100 for house values and 100 for cost of living index. This makes Rankin County an attractive option for those looking to settle down in a more affordable area while still enjoying the amenities and comforts of nearby cities. With a lower cost of living comes savings on many necessary expenses like groceries, housing costs, transportation, and taxes. In addition, with its rural character Rankin County offers natural beauty and outdoor recreation opportunities to its residents at a fraction of the price compared to other areas in the country.