Quick facts: Leland, MS

Quick Facts

92.7
Cost of Living
below US average
3,750
Population
49.33
Crime Rate per 1000
above US average
$45,645
Median Income
below US average
$179,000
Median House Price
above US average
$1309
Average Rent
below US average
25%
Poverty Rate
above US average
5.0%
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 $45,645.

🏠

Income Needed to Buy

βœ— Stretch
$56k/year
Based on $179,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $56k vs median $45,645
🏒

Income Needed to Rent

⚠ Stretch
$56k/year
Based on $1309/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $56k vs median $45,645
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Leland, MS

Leland, Mississippi, is a small city located in Washington County, nestled in the heart of the Mississippi Delta. Known for its rich cultural heritage, Leland boasts a population of around 4,800 residents. The city is often celebrated for its contributions to blues music, being the hometown of famous musicians like Muddy Waters. Situated on the banks of the Sunflower River, Leland offers a charming rural atmosphere with access to various outdoor activities, including fishing and boating. The city hosts the annual Leland Blues Festival, which attracts music lovers and celebrates its legendary musical roots. Leland is characterized by its southern hospitality, historic architecture, and close-knit community. Visitors can explore local attractions such as the Leland Heritage Museum, which showcases the area's history and culture. The town's economy is primarily driven by agriculture, particularly cotton farming, and retail. With its blend of rich history, music, and community spirit, Leland serves as a window into the cultural heart of the American South.

πŸ” Search & Compare Places

First Location πŸ“