Quick facts: Biloxi, MS

Quick Facts

92.7
Cost of Living
below US average
49,118
Population
51.85
Crime Rate per 1000
above US average
$55,775
Median Income
below US average
$212,500
Median House Price
above US average
$1819.32
Average Rent
above US average
16%
Poverty Rate
above US average
3.3%
Unemployment Rate
below 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 $55,775.

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Income Needed to Buy

βœ— Stretch
$67k/year
Based on $212,500 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $67k vs median $55,775
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Income Needed to Rent

⚠ Stretch
$78k/year
Based on $1819.32/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $78k vs median $55,775
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Biloxi, MS

Biloxi, Mississippi, located along the Gulf Coast, is known for its rich history, vibrant culture, and stunning beaches. As a prominent destination for tourists, Biloxi features a mix of Southern charm and coastal recreation, making it a popular getaway spot. The city is famous for its historic landmarks, including the Biloxi Lighthouse, which has stood since 1848, and the beautifully restored Biloxi Bay Bridge. Visitors can explore the Maritime and Seafood Industry Museum to learn about the region’s fishing heritage or take a stroll along the scenic beachfront promenade. Biloxi is also renowned for its casinos and gaming establishments, attracting many visitors for entertainment and nightlife. The area is known for its delicious seafood, with numerous restaurants offering local specialties. With a subtropical climate, Biloxi enjoys mild winters and warm summers, making it suitable for year-round outdoor activities such as fishing, boating, and golf. The city's vibrant festivals and events, including the Biloxi Seafood Festival, further highlight its lively community spirit and cultural richness. Overall, Biloxi offers a unique blend of relaxation, history, and excitement on the Gulf Coast.

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