Quick facts: Amory, MS

Quick Facts

92.7
Cost of Living
below US average
6,476
Population
41.23
Crime Rate per 1000
above US average
$52,298
Median Income
below US average
$175,000
Median House Price
above US average
$1309
Average Rent
below US average
15%
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 $52,298.

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Income Needed to Buy

βœ— Stretch
$55k/year
Based on $175,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $55k vs median $52,298
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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 $52,298
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Amory, MS

Amory is a small city located in Monroe County, Mississippi. Known for its rich history and charming Southern hospitality, Amory offers a unique blend of small-town charm and modern conveniences. The city was established in the late 19th century and has since grown into a community that values both its heritage and progress. Amory is known for its vibrant local culture, featuring various annual events and festivals that celebrate its history, such as the Amory Railroad Festival, which highlights the city's connection to the railroad industry. Outdoor enthusiasts can enjoy the nearby Natchez Trace Parkway, offering trails for hiking and biking, and recreational opportunities at local parks. Despite its small size, Amory boasts a strong sense of community with friendly residents and a variety of local shops, diners, and cafes that exemplify Southern cuisine. The population is around 6,400, making it a close-knit environment. The local school system also emphasizes education, contributing to Amory’s reputation as a great place for families. Overall, Amory captures the essence of Mississippi's heartland with its welcoming spirit and rich cultural offerings.

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