Quick facts: New augusta, MS

Quick Facts

92.7
Cost of Living
below US average
542
Population
166.05
Crime Rate per 1000
above US average
$29,000
Median Income
below US average
$170,000
Median House Price
above US average
$1309
Average Rent
below US average
19%
Poverty Rate
above US average
4.5%
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 $29,000.

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Income Needed to Buy

βœ— Stretch
$53k/year
Based on $170,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $53k vs median $29,000
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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 $29,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for New augusta, MS

New Augusta is a small town located in Perry County, Mississippi, with a rich history and a close-knit community feel. Nestled near the banks of the Leaf River, it offers picturesque landscapes and a serene environment. The town is known for its charming rural lifestyle, making it an ideal spot for those seeking tranquility away from bustling urban areas. The area features a mix of traditional Southern architecture and modern homes, and the community is characterized by its welcoming atmosphere. Residents enjoy access to local parks, recreational activities, and a strong sense of community spirit. The town hosts various local events, bringing together families and neighbors to celebrate their heritage and culture. Economically, New Augusta has a blend of agricultural and small business activities that support its residents. The nearby city of Hattiesburg, which is around 30 miles away, provides additional amenities, shopping, and activities, making New Augusta a peaceful retreat with proximity to more urban conveniences. Overall, New Augusta embodies the charm and character of small-town Mississippi living.

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