Mississippi - Income

According to the Bureau of Economic Analysis, in 2001, Mississippi had a per capita personal income (PCPI) of $21,653 which ranked 51st in the United States (including the District of Columbia) and was 71% of the national average, $30,413. The 2001 PCPI reflected an increase of 3.5% from 2000 compared to the national change of 2.2%. In 2001, Mississippi had a total personal income (TPI) of $61,922,038,000 which ranked 33rd in the United States and accounted for 0.7% of the national total. The 2001 TPI reflected an increase of 3.9% from 2000 compared to the national change of 3.3%.

Earnings of persons employed in Mississippi increased from $39,429,472,000 in 2000 to $40,188,051,000 in 2001, an increase of 1.9%. The largest industries in 2001 were services, 24.0% of earnings; state and local government, 15.8%; and durable goods manufacturing, 11.3%. Of the industries that accounted for at least 5% of earnings in 2001, the slowest growing from 2000 to 2001 was durable goods manufacturing, which decreased 7.2%; the fastest was state and local government, which increased 5.6%.

According to data released by the US Census Bureau, in 2000, the median household income was $31,528 compared to the national average of $42,148. In 2001, the median income for a family of four was $46,810 compared to the national average of $63,278. For the period 1999 to 2001, the average poverty rate was 16.8% which placed it 49th among the 50 states and the District of Columbia ranked lowest to highest.