10 Most Affordable Cities in Mississippi

If toasty weather year-round sounds appealing, you may find Mississippi to be an ideal place to call home. There are other incentives, such as the low cost of living and abundant opportunities for higher education. Additionally, Mississippi has an inviting southern hospitality feel with delicious cuisines that will melt in your mouth. 

NewHomeSource has found the top 10 most affordable cities in Mississippi to help you in your home search.

Top 10 Affordable Cities in Mississippi:

​​1. Clarksdale

Home Price to Income Ratio: 2.16%

Average Property Tax: 811

Median Household Income: $30,223

Clarksdale is the most affordable city in Mississippi. It is the birthplace of blues and rock ‘n’ roll which means you won’t have to go far to enjoy the diverse sounds of music. In fact, Clarksdale features live music seven nights a week. Red’s Lounge and Ground Zero Blues Club are two popular spots that locals love. In the vibrant historic downtown, you can enjoy arts, culture, restaurants, shops, and more!

2. West Point

 ​​Home Price to Income Ratio: 2.92%

Average Property Tax: 609

Median Household Income: $30,664

West Point is a quaint town located in eastern Mississippi. Not only is it affordable, but it also has a wide variety of outdoor activities for you to experience. Folks who live in West Point can spend their days golfing, hunting, fishing, hiking, or playing tennis.

3. Greenville

 Home Price to Income Ratio: 2.9%

Average Property Tax: 609

Median Household Income: $30,664

If you like blues music, quirky museums, or mouthwatering tamales, then you will love Greenville. It offers a unique variety of dining and outdoor opportunities, history, heritage, and cultural attractions which makes Greenville a rare find.

4. Laurel

Home Price to Income Ratio: 2.68%

Average Property Tax: 729

Median Household Income: $31,968

The offbeat city of Laurel has everything one could ever want in a place to call home. From the wide range of beautiful galleries, savory restaurants, fun cafes, history museums, and unique attractions, Laurel is a delightful place to live. The charming town also has a lively downtown where locals love connecting with friends.

5. Grenada

Home Price to Income Ratio: 2.94%

Average Property Tax: 830

Median Household Income: $33,226

Grenada is a small town with many opportunities to enjoy nature. It is surrounded by beautiful parks, green spaces, and lakes making outdoor activities spectacular. Folks in Grenada can enjoy Grenada Lake, Hugh White State Park, and Old River Nature Trail.

6. Cleveland

Home Price to Income Ratio: 3.64%

Average Property Tax: 1193      

Median Household Income: $35,278

Cleveland is one of Mississippi’s hidden gem towns. It is rich in history and music and offers abundant activities. Residents can spend their days at Dockery Farms learning about the history of the blues, enjoying tasty food at Hey Joe’s or Delta Dairy, and soak in the vast history Cleveland has to offer at the Railroad Heritage Museum.  

7. Yazoo City

Home Price to Income Ratio: 2.87%

Average Property Tax: 652

Median Household Income: $24,688

Yazoo City is just as vibrant as its name suggests. Main Street is lined with colorful buildings, adding a greater dimension of uniqueness to the city. On the flipside, there is a wildlife refuge that spans 40,000 acres. This means there are endless opportunities for bird watching, viewing wildlife in their natural habitation, fishing, hunting, and kayaking.

8. Horn Lake 

Home Price to Income Ratio: 2.19%

Average Property Tax: 819

Median Household Income: $48,622

Horn Lake is located in the northwestern part of Mississippi and is a stone’s throw away from the legendary Mississippi River. Outdoor enthusiasts will always have something exciting to do in and around Horn Lake, from biking, fishing, hiking, birdwatching, canoeing, and kayaking. Bridge players will enjoy the American Contract Bridge League Museum; its tournaments attract thousands annually.

9. Columbus

Home Price to Income Ratio: 3.35%

Average Property Tax: 695

Median Household Income: $36,336

Columbus is a charming small town located in the northeastern part of the state. Folks living in Columbus can spend their days exploring museums, dining at family-owned restaurants, or admiring the beautiful architecture downtown.

10. Greenwood

Home Price to Income Ratio: 3.26%

Average Property Tax: 984

Median Household Income: $26,965

The city of Greenwood is immersed in history. After sampling delicious Southern cuisine, you may want to enroll in a Viking Cooking class. Top off your day by relaxing at the Alluvian Spa. If you are hungry for fresh produce, drop by the local farmers market.

While the list above is sorted by the lowest overall cost of living index, the following states have the lowest home price to income ratio, meaning you can get more home for your money.

1. Byram
   • Byram is a quaint town located 15 minutes outside of the capital city of Jackson. It is a quiet town and would be a great place to raise a family.
2. Moss Point
   • Moss Point is located on the gulf coast and has many outdoor and adventure activities locals can engage in. From fishing and boating to kayaking and hiking, Moss Point would be a great town for outdoor enthusiasts.
3. Clarksdale