salaryRent is higher than in 81% of U.S. cities. A typical house costs about 3.8 years of household income. Most homes (81.2%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $94,240 a year. That is $45 an hour at a full-time job.
Is rent cheaper than other Mississippi cities?
No. Rent here is more expensive than in most of Mississippi. It is number 66 of 66 cities from cheapest to most expensive.
How much do households earn in Hernando?
Share of households by yearly income. 29.7% of households earn $100,000 or more.
Rent by apartment size in Hernando
| Size | Hernando | U.S. average |
|---|---|---|
| Studio | $1,436 | $1,338 |
| 2 bedrooms | $827 | $1,509 |
| 3 bedrooms | $1,755 | $1,698 |
| 4 bedrooms | $2,521 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Hernando 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 Hernando, so the Mississippi figure is shown.
Taxes and bills in Hernando
Life in Hernando
Is it cheaper to rent or buy in Hernando?
Buying is cheaper month to month: about $164 a month less than renting.
Owning assumes a typical $315,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $31,590 for the down payment.
Frequently asked questions
What is the average rent in Hernando, MS?
Renting in Hernando costs a median of about $2,356 a month in 2026, including utilities. The Mississippi median is $1,187.
How much do I need to make to live in Hernando?
To keep rent under 30% of income, you need about $94,240 a year, or $45 an hour at a full-time job.
Is Hernando cheap or expensive?
Hernando is rated Expensive: rent takes 34.1% of the typical household income of $82,991. It ranks 66th cheapest of 66 Mississippi cities we track.
How much are property taxes in Hernando?
The median homeowner in Hernando pays $1,920 a year in property taxes, about 0.61% of the median home value.
Is Hernando 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 Hernando?
The median home value in Hernando is $315,900, about 3.8 times the typical yearly household income.
17,949 people live in Hernando. Numbers are typical (middle) values.