salaryRent 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 17 minutes.
How much money do I need?
To rent here comfortably, you should earn about $33,760 a year. That is $16 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 10 of 66 cities from cheapest to most expensive.
How much do households earn in Grenada?
Share of households by yearly income. 12.5% of households earn $100,000 or more.
Rent by apartment size in Grenada
| Size | Grenada | U.S. average |
|---|---|---|
| 1 bedroom | $551 | $1,324 |
| 2 bedrooms | $906 | $1,509 |
| 3 bedrooms | $761 | $1,698 |
| 4 bedrooms | $1,136 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Grenada 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 Grenada, so the Mississippi figure is shown.
Taxes and bills in Grenada
Life in Grenada
Is it cheaper to rent or buy in Grenada?
Renting is cheaper right now: about $166 a month less.
Owning assumes a typical $145,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $14,560 for the down payment.
Frequently asked questions
What is the average rent in Grenada, MS?
Renting in Grenada costs a median of about $844 a month in 2026, including utilities. The Mississippi median is $1,187.
How much do I need to make to live in Grenada?
To keep rent under 30% of income, you need about $33,760 a year, or $16 an hour at a full-time job.
Is Grenada cheap or expensive?
Grenada is rated OK: rent takes 20.3% of the typical household income of $49,938. It ranks 10th cheapest of 66 Mississippi cities we track.
How much are property taxes in Grenada?
The median homeowner in Grenada pays $1,398 a year in property taxes, about 0.96% of the median home value.
Is Grenada 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 Grenada?
The median home value in Grenada is $145,600, about 2.9 times the typical yearly household income.
12,375 people live in Grenada. Numbers are typical (middle) values.