The State of Mississippi Income Charts

This section shows the Mississippi Mississippi economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Mississippi depicts it has a Median earnings of $39,216 which is in the mid range of other states in the metropolitan area. The state with the highest median earnings per worker in the group is Kentucky which shows a median earnings of $43,234 (10.2% 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 $45,081 which is in the center range of other states in the area. The state with the highest median household income in the group is Tennessee which depicts a median income of $53,320 (18.3% larger).

The next section examines a variety of different income statistics for the Mississippi metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings less than $10,000 at 8.2% of the total and is ranked #1. Second, it has the largest proportion of earnings between $10,000 and $14,999 at 8.5% of the total and is ranked #1. Third, it has the largest proportion of earnings between $15,000 and $19,999 at 35.7% of the total and is ranked #1. Also, it has the smallest proportion of earnings between $20,000 and $49,999 at 18.5% of the total. In addition, it has the smallest proportion of earnings between $50,000 and $74,999 at 5.7% of the total. Furthermore, it has the smallest proportion of earnings between $75,000 and $99,999 at 5.6% of the total.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 39.4 which is ranked #1 of all states in the greater Mississippi region. 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 $19.14 which is in the center range of other states in the metropolitan area. The state with the highest average hourly earnings in the group is Kentucky which depicts an average hourly earnings of $21.32 (11.4% larger).

Figure 7 examines the number of self employed people in the Mississippi metro area based on the number of people who reported any self employment income. Mississippi shows it has a Self Employed of 8.5% which is the third most of all other states in the greater region. The state with the highest percentage of people self employed in the group is Tennessee which shows a percentage self employed of 10.9% (28.6% larger).

Turning our attention to Figure 8, the median household income by age group, has the smallest proportion of median income-under 25 years at $49,502 of the total. Second, it has the smallest proportion of median income-25 to 44 years at $52,148 of the total. Third, it has the smallest proportion of median income-45 to 64 years at $35,631 of the total.

Figure 9 breaks down the source of income and Mississippi has the largest proportion of investment and retirement income at 10.1% of the total and is ranked #1. Second, it has the largest proportion of social security at 1.3% of the total and is ranked #1.

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 20.3% which is in the mid range of other states in the local area. The state with the highest households with retirement income in the group is Alabama which depicts a households with retirement income of 22.6% (11.4% 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 $70,382 of the total and is ranked #3. Only #2 Tennessee ($70,389), and #1 Alabama ($72,814) are larger. Second, it has the smallest proportion of white family income at $38,280 of the total. Third, it has the smallest proportion of black family income at $36,626 of the total. Also, it has the smallest proportion of american indian family income at $66,596 of the total. In addition, it has one of the largest proportions of asian family income at $51,068 of the total and is ranked #2. The only larger state being Kentucky with $51,607. Furthermore, it has one of the largest proportions of hawaiian family income at $46,888 of the total and is ranked #2. The only larger state being Kentucky with $47,155.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Mississippi shows it has the hightest cost of 118.1 for the cost of utilities aggregate.

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 disasterous Coronavirus Pandemic the monthly unemployment rate went from 11.3% to 5.3% in February 2020. This represents a decrease in the monthly unemployment rate of 53.1%. Since that time, the monthly unemployment rate has gone to 6.5% This represents an increase in the monthly unemployment rate of 22.6%. 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 disasterous COVID Pandemic the monthly labor force participation went from 1,260,040 to 1,277,400 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 1,278,960 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 Mississippi depicts it has a Unemployment Rate of 4.2% which is more than all other states in the greater Mississippi region. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. the state of depicts it has a Labor Force Participation of 57.2% which is in the mid range of other states in the metro 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 employed at 4.2% of the total and is ranked #1. Second, it has the largest proportion of unemployed at 42.8% 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 depicts full time employees approximately 4.1 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 Mississippi area. Mississippi depicts it has a Single Earner Families of 29.8% which is the second most of all the states in the local area. The state with the highest families with a single earner in the group is Alabama which depicts a single earners rate of 31.0% (only about 4.1% larger). The percentage of families with no one working is depicted in Figure 22. Mississippi depicts it has a Families with No One Working of 19.5% which is the third most families with no one working of all other states in the greater Mississippi region. The state with the highest families with no one working in the group is Alabama which depicts a families with no worker of 20.2% (only about 4.1% larger).

The State of Mississippi Poverty Charts

The next section details economy analysis about poverty for residents of the Mississippi 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. Mississippi depicts it has a Total In Poverty of 585,786 which is in the mid range of other states in the metro area. The state with the highest total people earning less than the poverty level in the group is Tennessee which depicts a total people earning less than the poverty level of 996,930 (70.2% 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 a Percent of Population In Poverty of 20.3% which is the highest of all states in the greater Mississippi region.

In Figure 25 people who are in poverty are broken out by age group. Mississippi has the largest proportion of person in poverty under 12 years at 11% of the total and is ranked #1. Second, it has the smallest proportion of person in poverty 12 to 17 years at 26% of the total. Third, it has the smallest proportion of person in poverty 18 to 34 years at 20% of the total. Also, it has the smallest proportion of person in poverty 35 to 54 years at 10% of the total. In addition, it has the smallest proportion of person in poverty 55 to 64 years at 10% of the total.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Mississippi has the largest proportion of white poverty rate at 32% of the total and is ranked #1. Second, it has the largest proportion of black poverty rate at 33% of the total and is ranked #1. Third, it has the smallest proportion of hawaiian poverty rate at 25% of the total.

Figure 27 shows key poverty statistics for groups based on marriage status. Mississippi has the largest proportion of married with children and in poverty at 51% of the total and is ranked #1. Second, it has the largest proportion of unmarried with children and in poverty at 55% of the total and is ranked #1. Third, it has the largest proportion of unmarried female with children and in poverty at 30% 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 the largest proportion of less than highschool in poverty at 20% of the total and is ranked #1. Second, it has the largest proportion of highschool graduate and in poverty at 13% of the total and is ranked #1. Third, it has the largest proportion of has some college and in poverty at 5% of the total and is ranked #1. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Mississippi has the largest proportion of people who are in poverty and employed at 5.3% 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.) the state of shows it has a Public Assistance Percent of 15.9% which is the highest of all states in the greater Mississippi region.

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). the state of indicates it has a Gini Index of 48.1% which is at the top of all other states in the local area.

The State of Mississippi 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 Mississippi 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.) Mississippi has the smallest proportion of people who drive a car or motorcycle to work at 0% of the total. Second, it has the smallest proportion of people who bicycle or walk to work at 2% of the total. Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Mississippi or elsewhere.) Mississippi has the smallest proportion of people who take the bus at 0% of the total. Second, it has the smallest proportion of people who take a Subway or elevated rail at 0% of the total. Third, it has the smallest proportion of people who take the Long-distance train or commuter rail at 0% of the total. Also, it has the smallest proportion of people who take Light rail, streetcar or trolley at 0% of the total. In addition, it has the largest proportion of people who take the ferry at 0% of the total and is ranked #1. Furthermore, it has the smallest proportion of people who bike at 0% of the total. Next it has the largest proportion of people who took a taxicab, motorcycle or other at 1% of the total and is ranked #1. Additionally, it has the smallest proportion of people who work from home at 2% of the total.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Mississippi has the largest proportion of people who leave for work between 530 am to 6am at 11% of the total and is ranked #1. Second, it has the largest proportion of people who leave for work between 6am to 630am at 13% of the total and is ranked #1. Third, it has the largest proportion of people who leave for work between 7am to 730am at 13% of the total and is ranked #1. Also, it has the smallest proportion of people who leave for work between 730 am to 8am at 8% of the total. In addition, it has the smallest proportion of people who leave for work between 8am to 830am at 3% of the total. Furthermore, it has the smallest proportion of people who leave for work between 830 am to 9am at 4% of the total. Next it has the smallest proportion of people who leave for work between 9am to 10am at 2% of the total. Additionally, it has the smallest proportion of people who leave for work between 10am to 11am at 1% of the total. And then, it has the smallest proportion of people who leave for work between 11am to 12noon at 6% of the total.

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 5 to 9 minutes at 15% of the total and is ranked #1. Second, it has the smallest proportion of people with commute time between 15 to 19 minutes at 15% of the total. Third, it has the smallest proportion of people with commute time between 20 to 24 minutes at 6% of the total. Also, it has the smallest proportion of people with commute time between 30 to 34 minutes at 3% of the total. In addition, it has the smallest proportion of people with commute time between 35 to 39 minutes at 3% of the total. Furthermore, it has the largest proportion of people with commute time between 60 to 89 minutes at 3% of the total and is ranked #1.

The average commute time is shown in Figure 37. the state of shows it has a Avg Commute Time of 25 which is the third most of all other states in the surrounding region. Figure 38 shows the difference between male versus female commuting time. Mississippi depicts average commute time in minutes for men 27.2% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Mississippi has the largest proportion of no vehicle available at 20% of the total and is ranked #1. Second, it has the largest proportion of 2 vehicles available at 24% of the total and is ranked #1. Third, it has the smallest proportion of 4 vehicles available at 4% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) the state of depicts it has a Work in city or place where live of 42% which is in the mid range of other states in the local area. The state with the highest people who both work and live in the same city in the group is Tennessee which shows a people who both work and live in the same city of 57% (34.6% 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 the hightest median earnings of $76,832 for the earnings-healthcare practitioners and tech occupations category. Similarly, Figure 47 shows the median earnings of women for the job categories and the state of shows it has the hightest median earnings of $58,462 for the earnings-computer, engineering, and science occupations group. The table in Figure 48, shows Mississippi employment data in terms of job categories and salary data.

The State of Mississippi 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. the state of depicts it has the hightest entrepreneurs of 45% for the self employed management, business, science, and arts businesses classification.

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. the state of shows it has the hightest entrepreneurs of 20% for the self employed in professional, scientific, management, administrative services category.

In Figure 51 the average annual self employment/entrepreneur income is shown. the state of shows it has a Self Employment Income of $33,578 which is the third most average annual self employment income of all other states in the greater Mississippi region. The state with the highest average annual self employment income in the group is Tennessee which shows an average annual self employment income of $39,208 (16.8% larger).

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