States › Mississippi › Indianola

Is Indianola, MS expensive to live in?

ExpensiveRent takes 32 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,20431% lower than U.S. average
💵 Families earn per year (2026)$44,982about $3,749/month · 48% lower than U.S. average
🔑 House price$108,80067% lower than U.S. average

Rent is lower than in 76% 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 $48,160 a year. That is $23 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 35 of 66 cities from cheapest to most expensive.

Indianola
$1,204
Booneville
$724
Diamondhead
$1,653
Gulf Hills
$1,828
Senatobia
$942
West Point
$1,108
St. Martin
$1,297

How much do households earn in Indianola?

Under $25k
32.9%
$25k–50k
28.9%
$50k–100k
25.9%
$100k–150k
4.4%
$150k+
1.8%

Share of households by yearly income. 6.2% of households earn $100,000 or more.

Rent by apartment size in Indianola

SizeIndianolaU.S. average
1 bedroom$325$1,324
2 bedrooms$628$1,509
3 bedrooms$1,064$1,698
4 bedrooms$1,048$2,098

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

How expensive is Indianola 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 Indianola, so the Mississippi figure is shown.

Taxes and bills in Indianola

🏛️ Property tax$1,021a year · 0.94% of home value · U.S. $3,119
⚡ Electric bill$164a month (typical) · U.S. $156

Life in Indianola

Commute to work21 minU.S.: 26.4 min
College degree21%U.S.: 35.7%
Own their home51.8%U.S.: 65.2%
Below poverty line30.5%U.S.: 12.5%
Unemployment13.1%U.S.: 5.2%

Is it cheaper to rent or buy in Indianola?

Buying is cheaper month to month: about $449 a month less than renting.

Renting
$1,204
Owning
$755

Owning assumes a typical $108,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $10,880 for the down payment.

Frequently asked questions

What is the average rent in Indianola, MS?

Renting in Indianola costs a median of about $1,204 a month in 2026, including utilities. The Mississippi median is $1,187.

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

To keep rent under 30% of income, you need about $48,160 a year, or $23 an hour at a full-time job.

Is Indianola cheap or expensive?

Indianola is rated Expensive: rent takes 32.1% of the typical household income of $44,982. It ranks 35th cheapest of 66 Mississippi cities we track.

How much are property taxes in Indianola?

The median homeowner in Indianola pays $1,021 a year in property taxes, about 0.94% of the median home value.

Is Indianola 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 Indianola?

The median home value in Indianola is $108,800, about 2.4 times the typical yearly household income.

9,062 people live in Indianola. Numbers are typical (middle) values.