Quick facts: Carthage, MS

Quick Facts

92.7
Cost of Living
below US average
4,813
Population
16.83
Crime Rate per 1000
below US average
$47,722
Median Income
below US average
$150,260
Median House Price
above US average
$2700.0
Average Rent
above US average
15%
Poverty Rate
above US average
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 $47,722.

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Income Needed to Buy

βœ“ Affordable
$47k/year
Based on $150,260 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($47,722) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$116k/year
Based on $2700.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $116k vs median $47,722
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Carthage, MS

Carthage, the county seat of Leake County, Mississippi, is a small yet charming city imbued with southern hospitality and rich history. Located in the heart of Mississippi, Carthage is known for its picturesque landscapes and close-knit community. The city has a population of around 5,000 residents, making it an ideal spot for those who appreciate the peacefulness of small-town life. Carthage features several historical landmarks, including the Leake County Courthouse and numerous antebellum homes. The local economy is primarily driven by agriculture and manufacturing, with community-minded businesses contributing to its growth. Outdoor enthusiasts can enjoy the nearby Natchez Trace Parkway and various recreational options, such as parks and fishing spots. Carthage is also home to a vibrant annual events calendar, including local fairs and festivals, fostering community spirit. With its blend of history, nature, and welcoming atmosphere, Carthage is a hidden gem in Mississippi, offering a glimpse into traditional southern life.

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