Quick facts: Laurel, MS

Quick Facts

92.7
Cost of Living
below US average
17,066
Population
51.86
Crime Rate per 1000
above US average
$36,336
Median Income
below US average
$160,000
Median House Price
above US average
$2000.0
Average Rent
above US average
20%
Poverty Rate
above US average
5.4%
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 $36,336.

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Income Needed to Buy

βœ— Stretch
$50k/year
Based on $160,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $50k vs median $36,336
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Income Needed to Rent

⚠ Stretch
$86k/year
Based on $2000.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $86k vs median $36,336
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Laurel, MS

Laurel is a charming city located in Jones County, Mississippi, known for its rich history and vibrant community. Founded in the late 19th century, it quickly became a hub for the lumber industry, earning the nickname "The City Beautiful." The city's historic downtown district features a variety of unique shops, restaurants, and art galleries, showcasing local talent and culture. Laurel is also famous for its connection to the Southern lifestyle, with picturesque parks like Mason Park offering recreational opportunities and a peaceful setting for residents and visitors alike. The city is home to several annual events and festivals that celebrate music, food, and the arts, fostering a strong sense of community and camaraderie among residents. The local education system is served by the Laurel School District, which includes multiple elementary and secondary schools, as well as a community college nearby. With its historic charm, central location in the Pine Belt region, and friendly atmosphere, Laurel offers a welcoming environment for families, students, and retirees alike, making it a great place to live and explore.

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