MS · Rank 46 of 50 affordable
Can teachers afford to live in Mississippi?
Tight, but workable.
The average Mississippi teacher earns $47,162 per year. A typical 2-bedroom rents for about $1,462/mo, which is 37% of gross monthly pay. The 30% rule is the standard healthy benchmark.
Avg Teacher Salary
$47,162
Cost-of-Living Index
86
US avg = 100
Affordability Score
26/100
Renting in Mississippi
2BR Rent / mo
$1,462
Annual Rent
$17,544
% of Salary
37%
Left after rent
$2,468/mo
Green zone is under the 30% healthy housing benchmark.
Buying a Home in Mississippi
Median Home Price
$361,200
10% Down
$36,120
P&I (7%, 30yr)
$2,163/mo
Full PITI
$2,599/mo
Estimated mortgage payment as a share of average teacher monthly gross pay, including taxes & insurance.
Estimates assume a 10% down payment, 7% 30-year fixed rate, 1.1% property tax, and 0.35% home insurance. Actual rates and prices vary by district and metro area.