salaryRent is lower than in 78% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most households rent (64%), so there are plenty of rental options.
How much money do I need?
To rent here comfortably, you should earn about $46,920 a year. That is $23 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 32 of 66 cities from cheapest to most expensive.
How much do households earn in Canton?
Share of households by yearly income. 12.1% of households earn $100,000 or more.
Rent by apartment size in Canton
| Size | Canton | U.S. average |
|---|---|---|
| 1 bedroom | $1,042 | $1,324 |
| 2 bedrooms | $1,154 | $1,509 |
| 3 bedrooms | $878 | $1,698 |
| 4 bedrooms | $1,218 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Canton overall?
Everyday prices in Mississippi overall are 13% below the U.S. average (index 87.0, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Canton, so the Mississippi figure is shown.
Taxes and bills in Canton
Life in Canton
Is it cheaper to rent or buy in Canton?
Buying is cheaper month to month: about $396 a month less than renting.
Owning assumes a typical $112,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $11,200 for the down payment.
Frequently asked questions
What is the average rent in Canton, MS?
Renting in Canton costs a median of about $1,173 a month in 2026, including utilities. The Mississippi median is $1,187.
How much do I need to make to live in Canton?
To keep rent under 30% of income, you need about $46,920 a year, or $23 an hour at a full-time job.
Is Canton cheap or expensive?
Canton is rated Expensive: rent takes 34.0% of the typical household income of $41,346. It ranks 32nd cheapest of 66 Mississippi cities we track.
How much are property taxes in Canton?
The median homeowner in Canton pays $1,002 a year in property taxes, about 0.89% of the median home value.
Is Canton 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 Canton?
The median home value in Canton is $112,000, about 2.7 times the typical yearly household income.
10,811 people live in Canton. Numbers are typical (middle) values.