Stretched

What Salary Do You Need to Live in Terry?

To afford a 2-bedroom in Terry, you need to earn at least $48,200/year based on estimated fair market rent data. The median household income here is $46,585, which means the typical resident is $1,615 below the threshold.

Census ACS Data Pop. 1,541

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$844	$2,813	$33,760	$-12,825
1 Bedroom	$1,000	$3,333	$40,000	$-6,585
2 Bedroom BENCHMARK	$1,205	$4,017	$48,200	+$1,615
3 Bedroom	$1,470	$4,900	$58,800	+$12,215
4 Bedroom	$1,808	$6,027	$72,320	+$25,735

Affordability Breakdown

Where the required salary line crosses above Terry's median income — housing becomes unaffordable for the typical resident.

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$46,585

Annual household

2BR Required Salary

$48,200

Under 30% rule

Income Gap

-$1,615

Deficit

Verdict

Stretched

Ratio: 31.0%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Terry

Your Annual Salary

Pre-filled with Terry's median household income

Max monthly rent you can afford$1,165

Studio

$844/mo

1 BR

$1,000/mo

2 BR

$1,205/mo

3 BR

$1,470/mo

4 BR

$1,808/mo

Your salary is $0 above the median income in Terry.

Salary Comparison by Bedroom

Bars left of the marker line are affordable for Terry's median earner. Bars to the right require above-median income.

Affordable Above Median Median Income

What This Means If You're Moving to Terry

Renting in Terry is stretched but not impossible. The gap is a relatively narrow $1,615, suggesting that households slightly above median can find workable arrangements — especially with studios at $844/month.

If you're relocating to Terry, target the studio or 1-bedroom tier ($844–$1,000/month) unless your income exceeds $48,200. A roommate splitting a 2-bedroom effectively halves the individual rent burden to $603/month.

The break-even salary for comfortable living in Terry is approximately $72,300. Below this threshold, expect housing to consume a disproportionate share of your budget, limiting discretionary spending and savings capacity.

Economic Outlook

Local Job Market & Housing Dynamics

Affording rent isn't just about housing prices—it's heavily dependent on local employment opportunities and the strength of the job market in Terry, Mississippi.

With a total population of 1,541, the city supports an active civilian workforce of 580 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $48,200 annual salary. The ratio of employed residents to the total population provides insight into the local economic health and competition for both jobs and housing.

Employed Workforce

580

Active civilian employees in Terry

Frequently Asked Questions About Renting in Terry

What salary do I need to live in Terry, Mississippi?

To afford a 2-bedroom in Terry under the 30% rule, you need an annual salary of at least $48,200. The median household income in Terry is $46,585.

Can I afford a 2-bedroom in Terry on $46,585?

The affordability verdict for Terry is "Stretched". The rent-to-income ratio is 31.0%, meaning there's a $1,615 income gap.

What is the average rent in Terry compared to median income?

The median gross rent in Terry is $1,000/month. With a median household income of $46,585, residents spend approximately 31.0% of their income on rent.

What salary do I need for a studio in Terry?

A studio in Terry rents for approximately $844/month. Under the 30% rule, you need an annual salary of $33,760 to afford this.

Is Terry considered an affordable place to live?

Based on the deficit of $1,615 and an affordability verdict of "Stretched", Terry is considered a stretched rental market when comparing the required 2-bedroom salary of $48,200 to the local median household income.

How Terry Compares

Other cities in Mississippi with salary requirements