How much rent can you afford in Horn Lake, MS?
Run your salary against Horn Lake's current rent, or find the income you'd need for a target rent. Powered by live RentDataNow medians.
The 30% rent rule, in Horn Lake
At a median rent of $1,512/mo, Horn Lake is moderately stretched when measured against Horn Lake median household income of $53,311/yr. Rent would consume roughly 34% of pre-tax income, and a salary of about $60,480 keeps rent at the recommended 30% threshold.
How Horn Lake compares nearby
Median rent for the closest cities with data.
Frequently asked
How much rent can I afford in Horn Lake?
On a $53,311 salary (the Horn Lake median household income), the recommended ceiling is 30% of pre-tax income, or about $1,333/mo. Horn Lake's median rent is $1,512/mo. Use the calculator on this page to run your own salary.
What salary do I need to live in Horn Lake?
To keep Horn Lake's $1,512/mo median rent under 30% of income, you'd need about $60,480/yr. Lower your target share (e.g. 25%) to need more, or raise it (e.g. 40%) to need less.
Is Horn Lake affordable on the median Mississippi income?
Horn Lake is moderately stretched on a $53,311 income. Rent would take 34% of pre-tax pay, outside the recommended 30% threshold.
What's the 30% rent rule?
The 30% rule is a long-standing budgeting guideline that keeps rent at or below 30% of gross (pre-tax) income. It leaves enough room for utilities, transit, savings, and debt service. In high-cost markets, many renters exceed 30%, and the Census Bureau classifies households paying more than 30% of income on rent as "cost-burdened".