Quick facts: Saltillo, MS

Quick Facts

92.7
Cost of Living
below US average
4,940
Population
20.04
Crime Rate per 1000
below US average
$78,922
Median Income
below US average
$259,900
Median House Price
above US average
$1449.5
Average Rent
above US average
12%
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 $78,922.

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Income Needed to Buy

βœ— Stretch
$82k/year
Based on $259,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $82k vs median $78,922
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Income Needed to Rent

βœ“ Affordable
$62k/year
Based on $1449.5/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($78,922) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Saltillo, MS

Saltillo, Mississippi, is a small town located in Lee County in the northeastern part of the state. With a population of around 1,600 residents, it offers a tight-knit community atmosphere and a slower pace of life. The town is situated approximately 10 miles from Tupelo, a larger city, providing residents with access to more extensive amenities while maintaining its small-town charm. Known for its friendly ambiance, Saltillo features several parks and recreational areas, perfect for family outings and outdoor activities. The local school system, Saltillo School District, is well-regarded and contributes to the town's appeal for families. Saltillo hosts various community events throughout the year, fostering a sense of community and togetherness among residents. The town is also conveniently located near major highways, making it accessible for those commuting to nearby cities for work or visitors exploring the region. Overall, Saltillo embodies the essence of small-town living in Mississippi, with its welcoming residents and picturesque surroundings.

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