salarySouthaven is the 3rd-largest city in Mississippi that we track, with 56,226 residents. Rent is lower than in 54% 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 $62,760 a year. That is $30 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 55 of 66 cities from cheapest to most expensive.
How much do households earn in Southaven?
Share of households by yearly income. 24.3% of households earn $100,000 or more.
Rent by apartment size in Southaven
| Size | Southaven | U.S. average |
|---|---|---|
| 1 bedroom | $1,341 | $1,324 |
| 2 bedrooms | $1,462 | $1,509 |
| 3 bedrooms | $1,599 | $1,698 |
| 4 bedrooms | $2,200 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Southaven 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 Southaven, so the Mississippi figure is shown.
Taxes and bills in Southaven
Life in Southaven
Is it cheaper to rent or buy in Southaven?
Renting is cheaper right now: about $71 a month less.
Owning assumes a typical $236,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $23,630 for the down payment.
Frequently asked questions
What is the average rent in Southaven, MS?
Renting in Southaven costs a median of about $1,569 a month in 2026, including utilities. The Mississippi median is $1,187.
How much do I need to make to live in Southaven?
To keep rent under 30% of income, you need about $62,760 a year, or $30 an hour at a full-time job.
Is Southaven cheap or expensive?
Southaven is rated OK: rent takes 22.2% of the typical household income of $84,644. It ranks 55th cheapest of 66 Mississippi cities we track.
How much are property taxes in Southaven?
The median homeowner in Southaven pays $1,515 a year in property taxes, about 0.64% of the median home value.
Is Southaven 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 Southaven?
The median home value in Southaven is $236,300, about 2.8 times the typical yearly household income.
56,226 people live in Southaven. Numbers are typical (middle) values.