Key Economic Benchmarks
Median Household Income
$35,311$2,943 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Wilkinson County, MS
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Wilkinson County, MS
Official FY2026 HUD Fair Market Rents for Wilkinson 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 | $708 | $8,496 | $28,320 | 24.1% |
| 1-Bedroom Apartment | $713 | $8,556 | $28,520 | 24.2% |
| 2-Bedroom ApartmentBenchmark | $842 | $10,104 | $33,680 | 28.6% |
| 3-Bedroom Home | $1,049 | $12,588 | $41,960 | 35.6% |
| 4-Bedroom Home | $1,118 | $13,416 | $44,720 | 38% |
50/30/20 Living Budget in Wilkinson County, MS
Based on the local median household income of $35,311/year ($2,943/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 Wilkinson County, MS
What is the median household income in Wilkinson County, MS?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Wilkinson County, MS is $35,311 per year (approximately $2,943 per month).
What is the average rent in Wilkinson County, MS?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Wilkinson County, MS are $708 for a studio, $713 for 1 bedroom, $842 for 2 bedrooms, $1,049 for 3 bedrooms, and $1,118 for 4 bedrooms.
How does the cost of living in Wilkinson County, MS compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Wilkinson 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 Wilkinson County, MS?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($842/month) in Wilkinson 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 Wilkinson County, MS?
For a typical household earning the median income of $35,311/year ($2,943/month) in Wilkinson County, MS, a balanced 50/30/20 budget allocates $1,471/month to essential needs (rent, utilities, groceries), $883/month to discretionary spending, and $589/month to savings and debt repayment.
What are typical electricity and utility costs in Wilkinson 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.