DeSoto County Income Charts

This section shows the DeSoto County Mississippi economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, DeSoto County depicts it has a Median earnings of $46,397 which is more than all other counties in the greater DeSoto County region. Comparing median earnings per worker to the United States average of $49,041, DeSoto County is about 5.7% smaller. Also, benchmarked against the state of Mississippi, median earnings per worker of $39,216, DeSoto County is 18.3% larger.

In Figure 2 a more complete view of income is shown which aggregates income from all members in the household and it has a Median household income of $67,038 which is more than all other counties in the greater DeSoto County region. Comparing median household income to the United States average of $62,843, DeSoto County is 6.7% larger. Also, benchmarked against the state of Mississippi, median household income of $45,081, DeSoto County is 48.7% larger.

The next section examines a variety of different income statistics for the DeSoto County metropolitan area. In Figure 3 we see that it has the smallest proportion of earnings less than $10,000 at 6.7% of the total. Second, it has the smallest proportion of earnings between $10,000 and $14,999 at 5.2% of the total. Third, it has the largest proportion of earnings between $20,000 and $49,999 at 22.5% of the total and is ranked #1. Also, it has the largest proportion of earnings between $50,000 and $74,999 at 9.2% of the total and is ranked #1.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 40.2 which is the third most average hours of all other counties in the greater DeSoto County region. The county with the highest average hours in the area is Tunica County which depicts an average hours of 40.8 ( only slightly larger). Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has a Avg Hrly Earnings of $22.20 which is the highest of all counties in the greater DeSoto County region. Comparing average hourly earnings to the United States average of $24.31, DeSoto County is about 9.5% smaller. Also, in comparison with the state of Mississippi, average hourly earnings of $19.14, DeSoto County is 16.0% larger.

Figure 7 examines the number of self employed people in the DeSoto County metro area based on the number of people who reported any self employment income. DeSoto County depicts it has a Self Employed of 9.3% which is the second most people self employed of all the counties in the greater DeSoto County region. The county with the highest percentage of people self employed in the area is Tate County which depicts a percentage self employed of 9.8% (only about 5.8% larger).

Turning our attention to Figure 8, the median household income by age group, it has the largest proportion of median income-under 25 years at $74,408 of the total and is ranked #1. Second, it has the largest proportion of median income-25 to 44 years at $81,000 of the total and is ranked #1. Third, it has the largest proportion of median income-45 to 64 years at $46,103 of the total and is ranked #1.

Figure 9 breaks down the source of income and DeSoto County has the smallest proportion of social security at 0.5% of the total.

The next chart (Figure 11) shows the percentage of households that had retirement income over the last 12 months and it has a With Retirement Income of 19.4% which is the third most households with retirement income of all other counties in the greater DeSoto County region. The county with the highest households with retirement income in the area is Tunica County which shows a households with retirement income of 25.1% (29.4% larger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and it has one of the largest proportions of overall family income at $85,107 of the total and is ranked #2. The only larger county being Shelby County with $97,436. Second, it has the largest proportion of white family income at $61,820 of the total and is ranked #1. Third, it has the largest proportion of black family income at $85,375 of the total and is ranked #1. Also, it has the largest proportion of american indian family income at $103,333 of the total and is ranked #1. In addition, it has the largest proportion of hawaiian family income at $70,170 of the total and is ranked #1.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. DeSoto County depicts it has the hightest cost of 98.6 for the cost of healthcare aggregate.

DeSoto County Labor Force Charts

The next two charts look at very recent, monthly trended employment related performance using data estimated by economists at the Bureau of Labor Statistics (BLS). The BLS tracks unemployment statistics for a large number of areas throughout the country on a month to month basis. However, not every location in the U.S. is tracked by the BLS so the chart will only show the closest location available (which may be the same location.) Figure 14 shows the monthly unemployment rate for the area as well as a comparison to the overall national economy measure for the United States. Note that in March to April 2020, the Covid 19 recession or great recession occurred and affects this metric. . It shows that from February 2010 to before the disasterous COVID Pandemic the monthly unemployment rate went from 8.4% to 4.1% in February 2020. This represents a decrease in the monthly unemployment rate of 51.2%. Since that time, the monthly unemployment rate has gone to 4.1% This represents an increase in the monthly unemployment rate of very little. In Figure 15 the monthly labor force participation which are people actively looking for work are also defined as unemployed but do not include people who have given up looking for work. . It shows that from February 2010 to before the disasterous Coronavirus Pandemic the monthly labor force participation went from 76,755 to 90,466 in February 2020. This represents an increase in the monthly labor force participation of 17.9%. Since that time, the monthly labor force participation has gone to 91,772 This represents an increase in the monthly labor force participation of very little.

The next two charts look at the annual unemployment rate/eligible for unemployment benefits and is based on the American Community survey. Figure 16 shows DeSoto County depicts it has a Unemployment Rate of 3.6% which is in the mid point range of other counties in the local area. The county with the highest unemployment rate in the area is Crittenden County which depicts a rate of 5.4% (50.4% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. DeSoto County depicts it has a Labor Force Participation of 68.0% which is the highest of all counties in the greater DeSoto County region.

The Components of Employment Status graph in Figure 18 shows the composition of the labor force broken down by employed, unemployed, and not in the labor force (but 16 years of age or older). DeSoto County has the smallest proportion of unemployed at 32.0% of the total.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. DeSoto County depicts full time employees approximately 4.3 times bigger as the part time employees.

The next employment related data item is shown in Figure 21 which is the percentage of families with only a single earner in the greater DeSoto County area. DeSoto County shows it has a Single Earner Families of 26.4% which is the smallest when ranked by families with a single earner of all the other counties in the metro area. The county with the highest families with a single earner in the area is Tunica County which shows a single earners rate of 39.2% (48.4% larger). The percentage of families with no one working is depicted in Figure 22. DeSoto County depicts it has a Families with No One Working of 13.4% which is the second smallest in terms of families with no one working of all the other counties in the metropolitan area. The county with the highest families with no one working in the area is Panola County which depicts a families with no worker of 23.8% (77.7% larger).

DeSoto County Poverty Charts

The next section details economy analysis about poverty for residents of the DeSoto County community. This performance can be enhanced by government programs such as economic opportunity zone to influence manufacturing, job growth, economic opportunity an hopefully lead to economic recovery after the recent Covid 19 recession. In Figure 23 the total number of people earning less than the poverty level are shown. DeSoto County depicts it has a Total In Poverty of 16,261 which is the second most total people earning less than the poverty level of all the counties in the greater DeSoto County region. The county with the highest total people earning less than the poverty level in the area is Shelby County which depicts a total people earning less than the poverty level of 177,675 ( substantially bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. DeSoto County indicates it has a Percent of Population In Poverty of 9.2% which is the smallest in order of percent of people earning less than the poverty level of all the other counties in the local area. The county with the highest percent of people earning less than the poverty level in the area is Tunica County which depicts a percent of people in poverty of 24.0% (approximately 2.6 times bigger).

In Figure 25 people who are in poverty are broken out by age group. DeSoto County has the largest proportion of person in poverty 18 to 34 years at 21% of the total and is ranked #1. Second, it has the smallest proportion of person in poverty 35 to 54 years at 7% of the total.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. DeSoto County has the smallest proportion of white poverty rate at 12% of the total. Second, it has less than most other counties in the metro area when sorted by hawaiian poverty rate at 17% of the total.

Figure 27 shows key poverty statistics for groups based on marriage status. DeSoto County has the smallest proportion of married with children and in poverty at 24% of the total. Second, it has the smallest proportion of unmarried with children and in poverty at 27% of the total. Third, it has in the middle range of other counties in the greater region as measured by unmarried female with children and in poverty at 13% of the total.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. DeSoto County has the smallest proportion of less than highschool in poverty at 9% of the total. Second, it has the smallest proportion of highschool graduate and in poverty at 7% of the total. Additionally, Figure 30 looks at the percentage of people who receive some form of public assistance including general assistance, temporary assistance or food stamps (i.e. SNAP.) DeSoto County depicts it has a Public Assistance Percent of 8.6% which is the smallest as measured by households with public assistance of all the other counties in the greater region. The county with the highest households with public assistance in the area is Tunica County which shows a households with public assistance of 28.5% (approximately 3.3 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). DeSoto County depicts it has a Gini Index of 40.5% which is the smallest when sorted by the gini index of all the other counties in the local area.

DeSoto County Work Commute Charts

The following set of charts detail a variety of metrics that have economic impact, economic grow factors and economic development metrics in the DeSoto County community and has an impact on other factors such as economic growth, population growth, economic recovery, job growth, etc.. Figure 32 shows a high level view of how the population commutes to work (including the percent of people who work from home.) DeSoto County has the smallest proportion of people who take public transportation to work at 0% of the total. Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown DeSoto County or elsewhere.) DeSoto County has the largest proportion of people who take the Long-distance train or commuter rail at 0% of the total and is ranked #1. Second, it has the largest proportion of people who take the ferry at 0% of the total and is ranked #1. Third, it has the smallest proportion of people who walked at 0% of the total.

In Figure 35 is shown a frequency distribution of the time that people leave for work. DeSoto County has the largest proportion of people who leave for work between 630 am to 7am at 17% of the total and is ranked #1.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. DeSoto County has the percentage of people with commute time of less than 5 minutesutes in the mid range of other counties in the area at 9% of the total. Second, it has the second smallest in order of people with commute time of less than 5 minutes of all the other counties in the greater region as measured by people with commute time between 5 to 9 minutes at 11% of the total. Third, it has the largest proportion of people with commute time between 25 to 29 minutes at 19% of the total and is ranked #1.

The average commute time is shown in Figure 37. DeSoto County depicts it has a Avg Commute Time of 25 which is the third most average commute time of all other counties in the greater DeSoto County region. Figure 38 shows the difference between male versus female commuting time. DeSoto County depicts average commute time in minutes for men 12.4% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and DeSoto County has the percentage of no vehicle available the second smallest when ranked by no vehicle available of all the other counties in the metropolitan area at 15% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) DeSoto County depicts it has a Work in city or place where live of 23% which is the smallest in order of people who both work and live in the same city of all the other counties in the local area. The county with the highest people who both work and live in the same city in the area is Shelby County which shows a people who both work and live in the same city of 69% (approximately 3.0 times bigger). Comparing people who both work and live in the same city to the United States average of 42%, DeSoto County is approximately half the size. Also, benchmarked against the state of Mississippi, people who both work and live in the same city of 42%, DeSoto County is approximately half the size.

DeSoto County Jobs Charts

The next to charts break out the median earnings for major job categories for men and women. Figure 46 shows the median earnings of men for the job categories. DeSoto County depicts it has the hightest median earnings of $87,789 for the earnings-computer, engineering, and science occupations grouping. Similarly, Figure 47 shows the median earnings of women for the job categories and DeSoto County indicates it has the hightest median earnings of $76,042 for the earnings-computer, engineering, and science occupations aggregate. The table in Figure 48, shows DeSoto County employment data in terms of job categories and salary data.

DeSoto County Self Employment Charts

Figure 49 shows economic activity in terms of the number of people who are self employed in incorporated local business by industry. DeSoto County depicts it has the hightest entrepreneurs of 43% for the self employed management, business, science, and arts businesses category.

Similar to the last chart is Figure 50 which shows the number of people who are self employed but in more detailed industry categories such as manufacturing, retail sales, residential real estate, commercial real estate, health care, exports/imports, and advanced industries, etc. DeSoto County shows it has the hightest entrepreneurs of 28% for the self employed in professional, scientific, management, administrative services aggregate.

In Figure 51 the average annual self employment/entrepreneur income is shown. DeSoto County depicts it has a Self Employment Income of $41,029 which is the largest of all counties in the greater DeSoto County region. Comparing average annual self employment income to the United States average of $39,154, DeSoto County is only about 4.8% larger. Also, benchmarked against the state of Mississippi, average annual self employment income of $33,578, DeSoto County is 22.2% larger.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) DeSoto County depicts total number of self-employed men about twice as large as the total number of self-employed women.