States › Mississippi › Latimer

Is Latimer, MS expensive to live in?

CheapRent takes 19 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,18133% lower than U.S. average
💵 Families earn per year (2026)$75,751about $6,313/month · 13% lower than U.S. average
🔑 House price$189,40043% lower than U.S. average

Rent is lower than in 77% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (81.8%) are owned, so rentals can be hard to find.

How much money do I need?

To rent here comfortably, you should earn about $47,240 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 33 of 66 cities from cheapest to most expensive.

Latimer
$1,181
West Hattiesburg
$912
Holly Springs
$813
Columbia
$848
Kosciusko
$682
Philadelphia
$832
Amory
$878

How much do households earn in Latimer?

Under $25k
15.4%
$25k–50k
22.7%
$50k–100k
35.2%
$100k–150k
20.7%
$150k+
5.6%

Share of households by yearly income. 26.3% of households earn $100,000 or more.

Rent by apartment size in Latimer

SizeLatimerU.S. average
2 bedrooms$1,128$1,509
3 bedrooms$1,091$1,698

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

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

Taxes and bills in Latimer

🏛️ Property tax$1,155a year · 0.61% of home value · U.S. $3,119
⚡ Electric bill$187a month (typical) · U.S. $156

Life in Latimer

Commute to work24.5 minU.S.: 26.4 min
College degree17%U.S.: 35.7%
Own their home81.8%U.S.: 65.2%
Below poverty line16.1%U.S.: 12.5%
Unemployment6.4%U.S.: 5.2%

Is it cheaper to rent or buy in Latimer?

Renting is cheaper right now: about $133 a month less.

Renting
$1,181
Owning
$1,314

Owning assumes a typical $189,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $18,940 for the down payment.

Frequently asked questions

What is the average rent in Latimer, MS?

Renting in Latimer costs a median of about $1,181 a month in 2026, including utilities. The Mississippi median is $1,187.

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

To keep rent under 30% of income, you need about $47,240 a year, or $23 an hour at a full-time job.

Is Latimer cheap or expensive?

Latimer is rated Cheap: rent takes 18.7% of the typical household income of $75,751. It ranks 33rd cheapest of 66 Mississippi cities we track.

How much are property taxes in Latimer?

The median homeowner in Latimer pays $1,155 a year in property taxes, about 0.61% of the median home value.

Is Latimer 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 Latimer?

The median home value in Latimer is $189,400, about 2.5 times the typical yearly household income.

6,756 people live in Latimer. Numbers are typical (middle) values.