Quick facts: Aberdeen, MS

Quick Facts

92.7
Cost of Living
below US average
4,848
Population
34.86
Crime Rate per 1000
above US average
$46,788
Median Income
below US average
$99,900
Median House Price
above US average
$1309
Average Rent
below US average
22%
Poverty Rate
above US average
4.4%
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 $46,788.

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Income Needed to Buy

βœ“ Affordable
$31k/year
Based on $99,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($46,788) exceeds requirement
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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 $46,788
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Aberdeen, MS

Aberdeen is a charming city located in Monroe County, Mississippi. With a population of around 5,500 residents, it offers a small-town atmosphere rich in history and southern hospitality. The city was established in the early 19th century and is known for its quaint downtown area, historic homes, and natural beauty. Aberdeen is situated near the Tombigbee River, providing residents and visitors with opportunities for outdoor recreation, including fishing, boating, and hiking. The city celebrates various annual events, such as the Aberdeen Freedom Fest, which attracts locals and tourists alike. Culturally, Aberdeen is home to several notable sites, including the historic Pritchard Park, which showcases beautiful gardens and walking trails. The region is also known for its music heritage, particularly in country and blues genres. With its friendly community, rich history, and vibrant outdoor activities, Aberdeen offers a unique glimpse into traditional Mississippi life while still being accessible to larger urban centers like Tupelo and Columbus.

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