States › Mississippi › Horn Lake

Is Horn Lake, MS expensive to live in?

ExpensiveRent takes 38 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,8133% higher than U.S. average
💵 Families earn per year (2026)$57,496about $4,791/month · 34% lower than U.S. average
🔑 House price$171,40048% lower than U.S. average

Rent is higher than in 58% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.

How much money do I need?

To rent here comfortably, you should earn about $72,520 a year. That is $35 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 62 of 66 cities from cheapest to most expensive.

Horn Lake
$1,813
Oxford
$1,145
Clinton
$1,248
Starkville
$1,016
Pearl
$1,679
Brandon
$1,791
Madison
$1,950

How much do households earn in Horn Lake?

Under $25k
18.5%
$25k–50k
28.9%
$50k–100k
32.2%
$100k–150k
11.3%
$150k+
2.8%

Share of households by yearly income. 14.1% of households earn $100,000 or more.

Rent by apartment size in Horn Lake

SizeHorn LakeU.S. average
1 bedroom$1,392$1,324
2 bedrooms$1,584$1,509
3 bedrooms$1,530$1,698
4 bedrooms$1,528$2,098

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

How expensive is Horn Lake 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 Horn Lake, so the Mississippi figure is shown.

Taxes and bills in Horn Lake

🏛️ Property tax$1,242a year · 0.72% of home value · U.S. $3,119
⚡ Electric bill$158a month (typical) · U.S. $156

Life in Horn Lake

Commute to work25.7 minU.S.: 26.4 min
College degree16.5%U.S.: 35.7%
Own their home58.1%U.S.: 65.2%
Below poverty line19%U.S.: 12.5%
Unemployment5.8%U.S.: 5.2%

Is it cheaper to rent or buy in Horn Lake?

Buying is cheaper month to month: about $624 a month less than renting.

Renting
$1,813
Owning
$1,189

Owning assumes a typical $171,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $17,140 for the down payment.

Frequently asked questions

What is the average rent in Horn Lake, MS?

Renting in Horn Lake costs a median of about $1,813 a month in 2026, including utilities. The Mississippi median is $1,187.

How much do I need to make to live in Horn Lake?

To keep rent under 30% of income, you need about $72,520 a year, or $35 an hour at a full-time job.

Is Horn Lake cheap or expensive?

Horn Lake is rated Expensive: rent takes 37.8% of the typical household income of $57,496. It ranks 62nd cheapest of 66 Mississippi cities we track.

How much are property taxes in Horn Lake?

The median homeowner in Horn Lake pays $1,242 a year in property taxes, about 0.72% of the median home value.

Is Horn Lake 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 Horn Lake?

The median home value in Horn Lake is $171,400, about 3.0 times the typical yearly household income.

26,647 people live in Horn Lake. Numbers are typical (middle) values.