The State of Mississippi Income Charts

This section shows the economic outlook and local economy using the most recent economic data from the 2019 Census Bureau. Starting with Figure 1 which shows the median earnings per worker. Mississippi shows it has $38,368 median earnings which is in the middle of other states in the area. The state with the highest median earnings in the group is Kentucky with an earnings of $41,808 measures 9.0% larger.

In Figure 2 we see a more complete view of income which includes all members in a household using the median household income and it has $43,567 median income which is in the middle of other states in the area. The state with the highest median income in the group is Tennessee with an income of $50,972 measures 17.0% larger.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has 39.4 average hours which is is the uppermost of the statesin the area. Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has $18.73 average hourly earnings which is in the center of other states in the area. The state with the highest average hourly earnings in the group is Kentucky with an average hourly earnings of $20.67 compares as 10.4% larger.

Figure 7 examines the number of self employed people in the area based on the number of people who reported any self employment income. Mississippi shows it has 8.5% Self Employed which is the 3d most of all other states in the area. The state with the highest Self Employed in the group is Tennessee with a Self Employed of 10.8% is 27.5% larger.

The next chart (Figure 11) shows the percentage of households that had retirement income over the last 12 months and it has 19.3% households with retirement income which is the 3d most of all other states in the area. The state with the highest households with retirement income in the group is Alabama with a households with retirement income of 21.5% compares as 11.2% larger.

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and has White Family Income the 2nd most of all the states in the area at $67,910 of the total and is ranked 3d last in the group. Second, it has Hawaiian Family Income the 3d most of all other states in the area at $50,160 of the total and is ranked 2nd last in the group. Also, it has the largest proportion of Hispanic Family Income at $44,566 of the total and is ranked #1.

Figure 13 shows the cost of living for a variety of cost components from the Bureau of Labor Statistics. Mississippi indicates it has hightest cost of 118.1 for cost of utilities.

The State of Mississippi 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 depicts that from February 2010 to before the Coronavirus Pandemic the monthly unemployment rate went from 11.3% to 5.1% in February 2020. This represents a decrease in the monthly unemployment rate of 54.9%. Since that time, the monthly unemployment rate has gone to 7.9% This represents an increase in the monthly unemployment rate of 54.9%. 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 depicts that from February 2010 to before the Wuhan virus Pandemic the monthly labor force participation went from 1,260,040 to 1,262,860 in February 2020. This represents an increase in the monthly labor force participation of very little. Since that time, the monthly labor force participation has gone to 1,238,770 This represents a decrease in the monthly labor force participation of very little.

The next two charts look at the annual unemployment rate and is based on the American Community survey. Figure 16 shows Mississippi shows it has 4.7% unemployment rate which is more than all other statesin the area. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. the state of shows it has 57.4% participation rate which is in the middle of other states in the area.

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). Mississippi has the largest proportion of not in labor force at 42.6% of the total and is ranked #1.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Mississippi shows full time employees is approximately 4.0 times bigger than 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. Mississippi shows it has 30.0% families with a single earner which is the 2nd most of all the states in the area. The state with the highest families with a single earner in the group is Alabama with a single earners rate of 31.2% compares as only about 3.8% larger. The percentage of families with no one working is depicted in Figure 22. Mississippi shows it has 19.3% families with no one working which is the 3d most of all other states in the area. The state with the highest families with no one working in the group is Alabama with a families with no worker of 20.0% is only about 3.8% larger.

The State of Mississippi Poverty Charts

The next section details information about poverty in the area. In Figure 23 the total number of people earning less than the poverty level are shown. Mississippi shows it has 599,795 total people earning less than the poverty level which is in the mid range of other states in the area. The state with the highest total people earning less than the poverty level in the group is Tennessee with a total people earning less than the poverty level of 1,046,510 is 74.5% larger.

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Mississippi shows it has 20.8% percent of people earning less than the poverty level which is the highest of all statesin the area.



The next chart, Figure 26, shows the percentage of people in poverty by racial group. Mississippi has the largest proportion of Black poverty rate at 33% of the total and is ranked #1. Second, it has the largest proportion of American Indian poverty rate at 31% of the total and is ranked #1.

Figure 27 shows key poverty statistics for groups based on marriage status. Mississippi has the largest proportion of Unmarried with children and in poverty at 52% of the total and is ranked #1. Second, it has the largest proportion of Unmarried Female with children and in poverty at 56% of the total and is ranked #1.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Mississippi has less than highschool in poverty the 2nd most of all the states in the area at 33% of the total and is ranked 3d last in the group. Second, it has the largest proportion of highschool graduate and in poverty at 19% of the total and is ranked #1. 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.) We can see that the state of shows it has 16.9% households with public assistance which is the largest of all statesin the area.

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). the state of shows it has 47.8% the Gini Index which is the 3d most of all other states in the area.

The State of Mississippi Work Commute Charts

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Mississippi has the largest proportion of people with commute time between 10 to 14 minutes at 16% of the total and is ranked #1.

The average commute time is shown in Figure 37. the state of shows it has 25 average commute time which is the 3d most of all other states in the area.

Figure 38 shows the difference between male versus female commuting time and Mississippi shows average commute time in minutes for men is 29.6% larger than average commute time in minutes for women. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) the state of indicates it has 43% people who both work and live in the same city which is in the mid point of other states in the area. The state with the highest people who both work and live in the same city in the group is Tennessee with a people who both work and live in the same city of 57% is 33.2% larger.

The State of Mississippi 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. the state of shows it has hightest median earnings of $73,899 for Earnings-Healthcare practitioners and tech occupations. Similarly, Figure 47 shows the median earnings of women for the job categories and the state of reveals it has hightest median earnings of $57,375 for Earnings-Computer, engineering, and science occupations.

The State of Mississippi Self Employment Charts

Figure 49 shows the number of people who are self employed in incorporated businesses by industry. the state of shows it has hightest entrepreneurs of 46% for self employed management, business, science, and arts businesses.

Similar to the last chart is Figure 50 which shows the number of people who are self employed but in more detailed industry categories. the state of illustrates it has hightest entrepreneurs of 18% for self employed in professional, scientific, management, administrative services.

In Figure 51 the average annual self employment income is shown. the state of illustrates it has $32,959 average annual self employment income which is the 2nd most of all the states in the area. The state with the highest average annual self employment income in the group is Tennessee with an average annual self employment income of $37,481 compares as 13.7% larger.

Figure 52 shows the difference between the number of self employed men and self employed women. Mississippi indicates total number of self-employed men is about twice as large than total number of self-employed women.