States › Mississippi › Booneville

Is Booneville, MS expensive to live in?

CheapRent takes 16 cents of every $1 people earn here.
🏠 Rent per month (2026)$72459% lower than U.S. average
💵 Families earn per year (2026)$54,873about $4,573/month · 37% lower than U.S. average
🔑 House price$136,70059% lower than U.S. average

Rent here is among the lowest 10% of all U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are short, about 19.6 minutes.

How much money do I need?

To rent here comfortably, you should earn about $28,960 a year. That is $14 an hour at a full-time job.

Is rent cheaper than other Mississippi cities?

Yes. Rent here is cheaper than in most of Mississippi. It is number 6 of 66 cities from cheapest to most expensive.

Booneville
$724
Diamondhead
$1,653
Indianola
$1,204
West Point
$1,108
Gulf Hills
$1,828
Bay St. Louis
$1,241
Senatobia
$942

How much do households earn in Booneville?

Under $25k
21.7%
$25k–50k
29.9%
$50k–100k
26.0%
$100k–150k
6.8%
$150k+
10.4%

Share of households by yearly income. 17.2% of households earn $100,000 or more.

Rent by apartment size in Booneville

SizeBoonevilleU.S. average
1 bedroom$325$1,324
2 bedrooms$676$1,509
3 bedrooms$741$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Booneville overall?

Everyday prices in Mississippi overall are 13% below the U.S. average (index 87.0, U.S. = 100).

Housing
56
Goods (food, clothes…)
96
Utilities
78
Other services
96
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Booneville, so the Mississippi figure is shown.

Taxes and bills in Booneville

🏛️ Property tax$1,263a year · 0.92% of home value · U.S. $3,119
⚡ Electric bill$137a month (typical) · U.S. $156

Life in Booneville

Commute to work19.6 minU.S.: 26.4 min
College degree28.4%U.S.: 35.7%
Own their home71.7%U.S.: 65.2%
Below poverty line15.1%U.S.: 12.5%
Unemployment3.2%U.S.: 5.2%

Is it cheaper to rent or buy in Booneville?

Renting is cheaper right now: about $225 a month less.

Renting
$724
Owning
$949

Owning assumes a typical $136,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $13,670 for the down payment.

Frequently asked questions

What is the average rent in Booneville, MS?

Renting in Booneville costs a median of about $724 a month in 2026, including utilities. The Mississippi median is $1,187.

How much do I need to make to live in Booneville?

To keep rent under 30% of income, you need about $28,960 a year, or $14 an hour at a full-time job.

Is Booneville cheap or expensive?

Booneville is rated Cheap: rent takes 15.8% of the typical household income of $54,873. It ranks 6th cheapest of 66 Mississippi cities we track.

How much are property taxes in Booneville?

The median homeowner in Booneville pays $1,263 a year in property taxes, about 0.92% of the median home value.

Is Booneville more expensive than the national average?

Overall prices in Mississippi are 13% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Booneville?

The median home value in Booneville is $136,700, about 2.5 times the typical yearly household income.

9,246 people live in Booneville. Numbers are typical (middle) values.