Quick facts: Benton, MS

Quick Facts

92.7
Cost of Living
below US average
7,550
Population
Crime rate Data is updating, will be available soon
$38,750
Median Income
below US average
$51,750
Median House Price
above US average
$1309
Average Rent
below US average
Poverty rate Data is updating, will be available soon
4.2%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $38,750.

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Income Needed to Buy

βœ“ Affordable
$16k/year
Based on $51,750 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($38,750) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$56k/year
Based on $1309/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $56k vs median $38,750
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Benton, MS

Benton, Mississippi, located in the heart of Yazoo County, is a small, picturesque town with a rich history and a close-knit community. With a population of around 1,500 residents, Benton offers a charming, rural lifestyle, characterized by friendly locals and a tranquil environment. The town is known for its historic buildings and Southern hospitality, making it an inviting place for visitors and new residents alike. Benton is situated near the scenic Yazoo River, providing opportunities for outdoor activities like fishing and hiking. The town’s proximity to the bigger city of Yazoo City enhances its appeal, as residents can easily access more extensive amenities, shopping, and dining options. Benton is also home to several community events throughout the year, fostering a strong sense of community and pride among its residents. The local schools emphasize education and community involvement, making it a great place for families. With its serene atmosphere, historical charm, and supportive environment, Benton, MS, offers a unique slice of Southern life popular among those seeking a quieter lifestyle.

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