Quick facts: Canton, MS

Quick Facts

92.7
Cost of Living
below US average
10,744
Population
56.03
Crime Rate per 1000
above US average
$33,411
Median Income
below US average
$314,900
Median House Price
above US average
$1627.73
Average Rent
above US average
19%
Poverty Rate
above US average
5.2%
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 $33,411.

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Income Needed to Buy

βœ— Stretch
$99k/year
Based on $314,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $99k vs median $33,411
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Income Needed to Rent

⚠ Stretch
$70k/year
Based on $1627.73/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $70k vs median $33,411
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Canton, MS

Canton, Mississippi, is a charming city located in Madison County, just northeast of the state capital, Jackson. With a population of around 13,000, Canton is known for its rich history and vibrant community. The city is famous for its historic square, where visitors can enjoy picturesque architecture, local shops, and a variety of dining options. Canton plays host to several annual events, including the Canton Flea Marketβ€”one of the largest flea markets in the South, drawing vendors and shoppers from all over. The city's historic downtown area also features notable sites such as the Canton Courthouse and various antebellum homes, reflecting its deep roots in Southern history. Outdoor enthusiasts can explore nearby parks and natural areas, including Lake Canton, which offers fishing and recreational activities. The city's strategic location near Jackson provides easy access to urban amenities while maintaining a small-town charm. With its friendly atmosphere and community focus, Canton is a delightful place to visit or call home.

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