Quick facts: Richland, MS

Quick Facts

92.7
Cost of Living
below US average
7,297
Population
15.21
Crime Rate per 1000
below US average
$54,753
Median Income
below US average
$229,000
Median House Price
above US average
$1800.0
Average Rent
above US average
12%
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 $54,753.

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Income Needed to Buy

βœ— Stretch
$72k/year
Based on $229,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $72k vs median $54,753
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Income Needed to Rent

⚠ Stretch
$77k/year
Based on $1800.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $77k vs median $54,753
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Richland, MS

Richland is a small city located in Rankin County, Mississippi, with a population of approximately 10,000 residents. Nestled just south of the state capital, Jackson, Richland benefits from its close proximity to urban amenities while maintaining a small-town charm. The city features a mix of residential neighborhoods, local businesses, and parks, making it an appealing place for families and individuals seeking a quiet lifestyle. Richland is known for its community-oriented atmosphere and hosts several events throughout the year, bringing residents together. Outdoor enthusiasts can enjoy parks like the Richland City Park, which offers recreational facilities and green spaces. The city is served by the Richland School District, providing educational opportunities for children. With access to major highways, Richland is conveniently located for commuting to Jackson for work or leisure. Overall, Richland, MS, combines a friendly community vibe with the benefits of nearby urban living, making it an attractive option for those looking to reside in central Mississippi.

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