Quick facts: Columbus, MS

Quick Facts

92.7
Cost of Living
below US average
23,273
Population
53.62
Crime Rate per 1000
above US average
$38,954
Median Income
below US average
$249,900
Median House Price
above US average
$1878.13
Average Rent
above US average
19%
Poverty Rate
above US average
3.8%
Unemployment Rate
below 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 $38,954.

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Income Needed to Buy

βœ— Stretch
$78k/year
Based on $249,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $78k vs median $38,954
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Income Needed to Rent

⚠ Stretch
$80k/year
Based on $1878.13/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $80k vs median $38,954
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Columbus, MS

Columbus, Mississippi, located in the northeastern part of the state, is known for its rich history and Southern charm. Founded in the 1820s, the city has a vibrant heritage, with various antebellum homes and historic sites that reflect its past as a cotton trading center. Columbus is home to several cultural landmarks, including the Riverwalk, which offers scenic views of the Tombigbee River, and the historic Columbus downtown area filled with shops, restaurants, and art galleries. The city is also noted for its diverse landscape, featuring parks and recreational facilities that cater to outdoor enthusiasts. The Mississippi University for Women, a prominent educational institution, contributes to the city's lively atmosphere and community engagement. Annual events, such as the Columbus Arts Festival and the St. Paddy’s Day Parade, foster local culture and bring the community together. Columbus offers a small-town feel with the amenities of a larger city, making it a pleasant place for residents and visitors alike. With a welcoming community and a rich tapestry of history, Columbus is a unique gem in Mississippi.

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