States › Mississippi › Philadelphia

Is Philadelphia, MS expensive to live in?

CheapRent takes 18 cents of every $1 people earn here.
🏠 Rent per month (2026)$83253% lower than U.S. average
💵 Families earn per year (2026)$54,775about $4,565/month · 37% lower than U.S. average
🔑 House price$97,30071% lower than U.S. average

Rent here is among the lowest 10% of all 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 $33,280 a year. That is $16 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 9 of 66 cities from cheapest to most expensive.

Philadelphia
$832
Kosciusko
$682
Waveland
$1,410
Latimer
$1,181
West Hattiesburg
$912
Holly Springs
$813
Richland
$1,497

How much do households earn in Philadelphia?

Under $25k
21.6%
$25k–50k
24.1%
$50k–100k
32.4%
$100k–150k
6.7%
$150k+
4.2%

Share of households by yearly income. 10.9% of households earn $100,000 or more.

Rent by apartment size in Philadelphia

SizePhiladelphiaU.S. average
1 bedroom$739$1,324
3 bedrooms$1,087$1,698
4 bedrooms$1,114$2,098

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

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

Taxes and bills in Philadelphia

🏛️ Property tax$1,158a year · 1.19% of home value · U.S. $3,119
⚡ Electric bill$208a month (typical) · U.S. $156

Life in Philadelphia

Commute to work25.2 minU.S.: 26.4 min
College degree25.9%U.S.: 35.7%
Own their home70%U.S.: 65.2%
Below poverty line25.6%U.S.: 12.5%
Unemployment8%U.S.: 5.2%

Is it cheaper to rent or buy in Philadelphia?

Buying is cheaper month to month: about $157 a month less than renting.

Renting
$832
Owning
$675

Owning assumes a typical $97,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $9,730 for the down payment.

Frequently asked questions

What is the average rent in Philadelphia, MS?

Renting in Philadelphia costs a median of about $832 a month in 2026, including utilities. The Mississippi median is $1,187.

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

To keep rent under 30% of income, you need about $33,280 a year, or $16 an hour at a full-time job.

Is Philadelphia cheap or expensive?

Philadelphia is rated Cheap: rent takes 18.2% of the typical household income of $54,775. It ranks 9th cheapest of 66 Mississippi cities we track.

How much are property taxes in Philadelphia?

The median homeowner in Philadelphia pays $1,158 a year in property taxes, about 1.19% of the median home value.

Is Philadelphia 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 Philadelphia?

The median home value in Philadelphia is $97,300, about 1.8 times the typical yearly household income.

6,996 people live in Philadelphia. Numbers are typical (middle) values.