Quick facts: Myrtle, MS

Quick Facts

92.7
Cost of Living
below US average
486
Population
8.23
Crime Rate per 1000
below US average
$53,750
Median Income
below US average
$48,900
Median House Price
above US average
$1100.0
Average Rent
below US average
18%
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 $53,750.

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Income Needed to Buy

βœ“ Affordable
$15k/year
Based on $48,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($53,750) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$47k/year
Based on $1100.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($53,750) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Myrtle, MS

Myrtle, Mississippi, is a small town located in the northeastern part of the state, primarily within Benton County. With a population of just over 1,000 residents, Myrtle exudes a close-knit community vibe typical of small towns in the South. Established in the late 19th century, Myrtle is known for its rural charm and friendly atmosphere. The town is noted for its scenic landscapes, featuring rolling hills and lush greenery, making it an attractive spot for those who enjoy the outdoors. Myrtle is conveniently located near larger cities like New Albany and Corinth, allowing residents access to more extensive amenities while maintaining the peace of a small-town lifestyle. Myrtle is home to various local businesses, schools, and a few community events that help foster the town's sense of belonging. The nearby Tanglefoot Trail, a popular hiking and biking trail, attracts outdoor enthusiasts looking to explore the picturesque surroundings. Overall, Myrtle embodies the spirit of small-town America, offering a tranquil environment while still providing easy access to regional attractions and amenities.

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