Quick facts: Vicksburg, MS

Quick Facts

90.2
Cost of Living
below US average
20,391
Population
49.92
Crime Rate per 1000
above US average
$45,147
Median Income
below US average
$175,000
Median House Price
above US average
$1150.0
Average Rent
below US average
24%
Poverty Rate
above US average
4.5%
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 $45,147.

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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 $45,147
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Income Needed to Rent

⚠ Stretch
$49k/year
Based on $1150.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $49k vs median $45,147
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Vicksburg, MS

Vicksburg, Mississippi, is a historic city located on the banks of the Mississippi River. Known for its significant role during the Civil War, Vicksburg was the site of a pivotal siege in 1863, which is now commemorated at the Vicksburg National Military Park. The city has a rich architectural heritage, featuring antebellum homes, churches, and the old courthouse, all reflecting its deep history. Vicksburg is often called the "Red Carpet City of the South" due to its vibrant cultural scene and southern hospitality. Visitors can explore the unique downtown area, filled with shops, restaurants, and art galleries. The city also hosts several annual events, including the Vicksburg Riverfest and the Great Delta Bear Affair, which celebrate local culture and community spirit. The city's strategic location along the Mississippi River also offers beautiful scenic views and recreational opportunities such as fishing, boating, and hiking. With a population of around 20,000 residents, Vicksburg combines small-town charm with historical significance, making it a fascinating destination for history buffs and tourists alike.

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