Cost of living in Panola County, MS
Population 32,965 · Last updated May 21, 2026
Cost breakdown
Single person, by category, per month.
Rent in Panola County
Fair Market Rents by bedroom count.
Source: HUD FMR FY2025
Income and earnings in Panola County
Annual earnings figures from the Census ACS.
Source: ACS 2019-2023 5-Year.
Home values in Panola County
Average values reported by homeowners.
Source: ACS 2019-2023 5-Year
Energy costs in Panola County
Estimated monthly electricity and gas costs.
Source: EIA
Healthcare in Panola County
Insurance premiums and coverage rates.
Source: ACS + national avg. Marketplace benchmark premiums are second-lowest Silver plan estimates and do not reflect employer plans, subsidies, or out-of-pocket costs. This is not healthcare advice.
Taxes in Panola County
State and local tax rates for Mississippi.
Tax rates change. Consult a qualified tax professional for advice on your specific situation. This is not tax advice.
Transportation in Panola County
Commute patterns and estimated costs.
Source: ACS
Monthly cost estimates for Panola County
What it costs to live in Panola County each month.
- Rent $801
- Energy $197
- Water $55
- Groceries $298
- Transport $320
- Healthcare $480
- Federal tax $387
- State tax $140
- Rent $964
- Energy $236
- Water $65
- Groceries $494
- Transport $420
- Healthcare $864
- Federal tax $404
- State tax $183
- Rent $1,245
- Energy $296
- Water $75
- Groceries $749
- Transport $520
- Healthcare $1,350
- Childcare $1,200
- Federal tax $404
- State tax $183
Frequently asked questions about Panola County
Common questions about cost of living, rent and salary.
What is the average rent in Panola County?
In Panola County, MS, a one-bedroom apartment averages $801 per month, a two-bedroom averages $964 per month, a three-bedroom averages $1,245 per month, according to HUD Fair Market Rent data.
What is the average salary in Panola County?
In Panola County, MS, the average household income is $43,990 per year and individual earnings for full-time workers average $33,714 per year, according to U.S. Census Bureau data.
What is the cost of living in Panola County?
The estimated cost of living in Panola County, MS is approximately $2,678 per month for a single person, $3,630 for a couple, $6,022 for a family. This includes rent, utilities, groceries, transportation, healthcare, and taxes.
What is the sales tax rate in Panola County?
The combined sales tax rate in Panola County, MS is 7.07%, which includes the Mississippi state rate of 7.00% plus an average local rate of 0.07%.
Is Panola County an affordable place to live?
Based on the data, a single person in Panola County, MS would need approximately $2,678 per month to cover rent, utilities, food, transport, healthcare, and taxes. The average household income is $43,990 per year ($3,666 per month). Panola County has a high cost of living relative to local earnings.
How much does healthcare cost in Panola County?
The ACA marketplace benchmark premium in Panola County, MS is approximately $480 per month for an individual. Approximately 13.7% of residents are uninsured. Actual costs vary based on employer coverage, plan type, and individual circumstances.
What are house prices in Panola County?
The average home value in Panola County, MS is $121,500, with average annual property taxes of $935, according to U.S. Census Bureau data.
How does Panola County compare to other areas?
You can compare Panola County, MS with any other US county using our comparison tool at /compare. Panola County is in Mississippi.
Other counties in Mississippi
Browse the full list of counties in Mississippi, ranked by cost of living.
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About this data
All figures on this page come from official U.S. government sources, listed below.
- HUD FMR FY2025
- ACS 2019-2023 5-Year
- EIA
- ACS + national avg
- ACS
- USDA + BEA RPP