Key Economic Benchmarks
Median Household Income
$49,402$4,117 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Hinds County, MS
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Hinds County, MS
Official FY2026 HUD Fair Market Rents for Jackson, MS HUD Metro FMR Area. Under the federal 30% housing affordability standard, housing costs are sustainable when they consume 30% or less of gross household income.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $1,091 | $13,092 | $43,640 | 26.5% |
| 1-Bedroom Apartment | $1,097 | $13,164 | $43,880 | 26.6% |
| 2-Bedroom ApartmentBenchmark | $1,288 | $15,456 | $51,520 | 31.3% |
| 3-Bedroom Home | $1,544 | $18,528 | $61,760 | 37.5% |
| 4-Bedroom Home | $1,705 | $20,460 | $68,200 | 41.4% |
50/30/20 Living Budget in Hinds County, MS
Based on the local median household income of $49,402/year ($4,117/month), here is how a balanced budget allocates expenses:
Take-Home Pay & Tax Explorer in Mississippi
Explore net income after federal income tax, FICA, and Mississippi state income tax based on the local median baseline.
Related Regional & Financial Profiles
Compare earnings and living costs across Mississippi with official federal datasets:
Frequently Asked Questions About Living in Hinds County, MS
What is the median household income in Hinds County, MS?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Hinds County, MS is $49,402 per year (approximately $4,117 per month).
What is the average rent in Hinds County, MS?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Hinds County, MS are $1,091 for a studio, $1,097 for 1 bedroom, $1,288 for 2 bedrooms, $1,544 for 3 bedrooms, and $1,705 for 4 bedrooms.
How does the cost of living in Hinds County, MS compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Hinds County, MS is 89.0 (11% lower than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Hinds County, MS?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($1,288/month) in Hinds County, MS requires a minimum gross household income of $51,520 per year ($4,293 per month).
What is a balanced 50/30/20 monthly budget in Hinds County, MS?
For a typical household earning the median income of $49,402/year ($4,117/month) in Hinds County, MS, a balanced 50/30/20 budget allocates $2,058/month to essential needs (rent, utilities, groceries), $1,235/month to discretionary spending, and $823/month to savings and debt repayment.
What are typical electricity and utility costs in Hinds County, MS?
Residential electricity rates in Mississippi average 14.9¢ per kWh according to the U.S. Energy Information Administration (EIA). For an average home using 900 kWh per month, the estimated electric bill is approximately $134 per month.