Quick facts: Iuka, MS

Quick Facts

92.7
Cost of Living
below US average
3,096
Population
24.87
Crime Rate per 1000
above US average
$43,887
Median Income
below US average
$187,500
Median House Price
above US average
$1233.0
Average Rent
below US average
22%
Poverty Rate
above US average
5.0%
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 $43,887.

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Income Needed to Buy

βœ— Stretch
$59k/year
Based on $187,500 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $59k vs median $43,887
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Income Needed to Rent

⚠ Stretch
$53k/year
Based on $1233.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $53k vs median $43,887
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Iuka, MS

Iuka, Mississippi, is a small town located in Tishomingo County in the northeastern part of the state. With a population of around 3,000 residents, Iuka serves as a charming and tight-knit community. Known for its rich history, the town features several historical sites, including the old courthouse and a number of antebellum homes that reflect its Southern heritage. Iuka is positioned near the Tennessee River and is close to popular natural attractions such as the Natchez Trace Parkway and Pickwick Lake, making it an excellent spot for outdoor enthusiasts. The area offers opportunities for fishing, boating, and hiking. The town hosts various community events and festivals throughout the year, promoting local culture and fostering community spirit. Iuka is also noted for its southern hospitality and welcoming atmosphere. The economy is primarily driven by small businesses, agriculture, and tourism, thanks to its proximity to recreational areas. Overall, Iuka is a peaceful town that offers a blend of history, nature, and community engagement.

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