salaryRent here is among the lowest 10% of all U.S. cities. A typical house costs about 3.4 years of household income. Commutes are short, about 17.5 minutes.
How much money do I need?
To rent here comfortably, you should earn about $25,960 a year. That is $12 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 3 of 66 cities from cheapest to most expensive.
How much do households earn in Louisville?
Share of households by yearly income. 6.2% of households earn $100,000 or more.
Rent by apartment size in Louisville
| Size | Louisville | U.S. average |
|---|---|---|
| 1 bedroom | $561 | $1,324 |
| 2 bedrooms | $562 | $1,509 |
| 3 bedrooms | $859 | $1,698 |
| 4 bedrooms | $970 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Louisville 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 Louisville, so the Mississippi figure is shown.
Taxes and bills in Louisville
Life in Louisville
Is it cheaper to rent or buy in Louisville?
Renting is cheaper right now: about $299 a month less.
Owning assumes a typical $136,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $13,660 for the down payment.
Frequently asked questions
What is the average rent in Louisville, MS?
Renting in Louisville costs a median of about $649 a month in 2026, including utilities. The Mississippi median is $1,187.
How much do I need to make to live in Louisville?
To keep rent under 30% of income, you need about $25,960 a year, or $12 an hour at a full-time job.
Is Louisville cheap or expensive?
Louisville is rated Cheap: rent takes 19.5% of the typical household income of $39,888. It ranks 3rd cheapest of 66 Mississippi cities we track.
How much are property taxes in Louisville?
The median homeowner in Louisville pays $798 a year in property taxes, about 0.58% of the median home value.
Is Louisville 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 Louisville?
The median home value in Louisville is $136,600, about 3.4 times the typical yearly household income.
5,983 people live in Louisville. Numbers are typical (middle) values.