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 | Hinds County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Household Income | $49,963 | $55,084 | $78,145 |
| Median Personal Income | $44,954 | $48,244 | $61,726 |
| Average income growth | 3.6% | 4.5% | 5.1% |
| Six-Figure Earners | 5.9% | 6.9% | 13.2% |
The median household income in Hinds County is about 9% lower than in Mississippi. Income has been growing slower in Hinds County (3.6%/yr) than in Mississippi (4.5%/yr).
About 6% of adults in Hinds 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 Hinds County, Mississippi grew by 29.7% from 2009 to 2023, reaching $49,963 in 2023. That's an average of about 3.6% per year.
Economic Inequality in Hinds County | Gender Pay Gap | Gini Coefficient
| Metric | Hinds County | Mississippi Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.564 | 0.574 | 0.570 |
| Male Median Income | $49,948 | $55,143 | $67,746 |
| Female Median Income | $41,849 | $42,143 | $54,793 |
| Gender Pay Gap | 16.2% | 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 Hinds County, it is 0.564, lower than Mississippi's 0.574, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 19% more than women's income in Hinds County, Mississippi. Over a 35-year career, a 19% wage gap accumulates to roughly $283,465 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in Hinds County, Mississippi has stayed about the same since 2009, at around 16%. In dollar terms, the gap has widened by $2,226 since 2009.
Employment
| Metric | Hinds County | Mississippi Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.7% | 5.9% | 5.2% |
| Working from Home | 7.8% | 5.3% | 13.4% |
| Commute time (minutes) | 21 | 21 | 22 |
Approximately 8,154 people are unemployed in Hinds County, Mississippi.
The average commute time in Hinds County is 21 minutes, about the same as in Mississippi.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Hinds County, Mississippi has fallen from 9.8% to 7.7% in 2023.
Conclusion
Considering all these factors, Hinds 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 Hinds County, Mississippi.
How Rich Is Hinds County, Mississippi?
Hinds 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 $49,963, about 9% lower than the Mississippi average of $55,084.
What is the current median household income in Hinds County, Mississippi?
As of 2023, the median household income in Hinds County, Mississippi is $49,963.
What was the median household income in Hinds County in 2023?
In 2023, the median household income in Hinds County, Mississippi was $49,963.
What was the median household income in Hinds County in 2020?
In 2020, the median household income in Hinds County, Mississippi was $45,370.
What is the Gini coefficient in Hinds County, Mississippi?
The Gini coefficient in Hinds County is 0.564. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Hinds County, Mississippi?
The income gap between men and women in Hinds County, Mississippi has stayed about the same since 2009, at around 16%. In dollar terms, the gap has widened by $2,226 since 2009.