Wealth Index
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
Income Statistics Overview
| Metric | Copiah County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Household Income | $48,280 | $55,084 | $78,145 |
| Median Personal Income | $46,233 | $48,244 | $61,726 |
| Average income growth | 4.9% | 4.5% | 5.1% |
| Six-Figure Earners | 5.7% | 6.9% | 13.2% |
The median household income in Copiah County is about 12% lower than in Mississippi. Income has been growing faster in Copiah County (4.9%/yr) than in Mississippi (4.5%/yr).
About 6% of adults in Copiah County earn six figures ($100,000 or more) a year, lower than the Mississippi average of 7%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Copiah County, Mississippi grew by 36.1% from 2009 to 2023, reaching $48,280 in 2023. That's an average of about 4.9% per year.
Economic Inequality in Copiah County | Gender Pay Gap | Gini Coefficient
| Metric | Copiah County | Mississippi Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.575 | 0.574 | 0.570 |
| Male Median Income | $49,966 | $55,143 | $67,746 |
| Female Median Income | $41,591 | $42,143 | $54,793 |
| Gender Pay Gap | 16.8% | 23.6% | 19.1% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Copiah County, it is 0.575, about the same as Mississippi's 0.574, so income here is about as evenly distributed as there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 20% more than women's income in Copiah County, Mississippi. Over a 35-year career, a 20% wage gap accumulates to roughly $293,125 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Copiah County, Mississippi has narrowed from about 29% to 17% in 2023. In dollar terms, the gap has narrowed by $2,799 since 2009.
Employment
| Metric | Copiah County | Mississippi Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.3% | 5.9% | 5.2% |
| Working from Home | 3.2% | 5.3% | 13.4% |
| Commute time (minutes) | 27 | 21 | 22 |
Approximately 719 people are unemployed in Copiah County, Mississippi.
The average commute time in Copiah County is 27 minutes, longer than the 21 minutes in Mississippi.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Copiah County, Mississippi has fallen from 10.7% to 6.3% in 2023.
Conclusion
Considering all these factors, Copiah County, Mississippi has an overall wealth index grade of D, making it about on par with Mississippi, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Copiah County, Mississippi.
How Rich Is Copiah County, Mississippi?
Copiah County has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $48,280, about 12% lower than the Mississippi average of $55,084.
What is the current median household income in Copiah County, Mississippi?
As of 2023, the median household income in Copiah County, Mississippi is $48,280.
What was the median household income in Copiah County in 2023?
In 2023, the median household income in Copiah County, Mississippi was $48,280.
What was the median household income in Copiah County in 2020?
In 2020, the median household income in Copiah County, Mississippi was $44,279.
What is the Gini coefficient in Copiah County, Mississippi?
The Gini coefficient in Copiah County is 0.575. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.570, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Copiah County, Mississippi?
Since 2009, the income gap between men and women in Copiah County, Mississippi has narrowed from about 29% to 17% in 2023. In dollar terms, the gap has narrowed by $2,799 since 2009.