salaryRent is lower than in 63% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are long, about 33 minutes each way.
How much money do I need?
To rent here comfortably, you should earn about $56,400 a year. That is $27 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 50 of 66 cities from cheapest to most expensive.
How much do households earn in Waveland?
Share of households by yearly income. 23.3% of households earn $100,000 or more.
Rent by apartment size in Waveland
| Size | Waveland | U.S. average |
|---|---|---|
| 1 bedroom | $742 | $1,324 |
| 2 bedrooms | $728 | $1,509 |
| 3 bedrooms | $1,037 | $1,698 |
| 4 bedrooms | $1,465 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Waveland 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 Waveland, so the Mississippi figure is shown.
Taxes and bills in Waveland
Life in Waveland
Is it cheaper to rent or buy in Waveland?
Renting is cheaper right now: about $109 a month less.
Owning assumes a typical $218,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $21,890 for the down payment.
Frequently asked questions
What is the average rent in Waveland, MS?
Renting in Waveland costs a median of about $1,410 a month in 2026, including utilities. The Mississippi median is $1,187.
How much do I need to make to live in Waveland?
To keep rent under 30% of income, you need about $56,400 a year, or $27 an hour at a full-time job.
Is Waveland cheap or expensive?
Waveland is rated OK: rent takes 22.8% of the typical household income of $74,085. It ranks 50th cheapest of 66 Mississippi cities we track.
How much are property taxes in Waveland?
The median homeowner in Waveland pays $1,627 a year in property taxes, about 0.74% of the median home value.
Is Waveland 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 Waveland?
The median home value in Waveland is $218,900, about 3.0 times the typical yearly household income.
7,062 people live in Waveland. Numbers are typical (middle) values.