Key Economic Benchmarks
Median Household Income
$49,724$4,144 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Prentiss County, MS
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Prentiss County, MS
Official FY2026 HUD Fair Market Rents for Prentiss County, MS. 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 | $638 | $7,656 | $25,520 | 15.4% |
| 1-Bedroom Apartment | $642 | $7,704 | $25,680 | 15.5% |
| 2-Bedroom ApartmentBenchmark | $842 | $10,104 | $33,680 | 20.3% |
| 3-Bedroom Home | $1,012 | $12,144 | $40,480 | 24.4% |
| 4-Bedroom Home | $1,118 | $13,416 | $44,720 | 27% |
50/30/20 Living Budget in Prentiss County, MS
Based on the local median household income of $49,724/year ($4,144/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 Prentiss County, MS
What is the median household income in Prentiss County, MS?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Prentiss County, MS is $49,724 per year (approximately $4,144 per month).
What is the average rent in Prentiss County, MS?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Prentiss County, MS are $638 for a studio, $642 for 1 bedroom, $842 for 2 bedrooms, $1,012 for 3 bedrooms, and $1,118 for 4 bedrooms.
How does the cost of living in Prentiss County, MS compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Prentiss County, MS is 87.0 (13% lower than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Prentiss County, MS?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($842/month) in Prentiss County, MS requires a minimum gross household income of $33,680 per year ($2,807 per month).
What is a balanced 50/30/20 monthly budget in Prentiss County, MS?
For a typical household earning the median income of $49,724/year ($4,144/month) in Prentiss County, MS, a balanced 50/30/20 budget allocates $2,072/month to essential needs (rent, utilities, groceries), $1,243/month to discretionary spending, and $829/month to savings and debt repayment.
What are typical electricity and utility costs in Prentiss 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.