Horn Lake, Mississippi Income Statistics
Horn Lake Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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D
Horn Lake Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Horn Lake | Mississippi Avg | US Average |
|---|---|---|---|
| Median Household Income | $53,691 | $56,669 | $80,455 |
| Median Personal Income | $43,135 | $48,086 | $60,758 |
| Average Yearly Income Growth | 2.1% | 4.3% | 4.8% |
| Six-Figure Earners | 5.1% | 7.4% | 13.9% |
| $200k+ Households | 4.2% | 5.8% | 13.2% |
The median household income in Horn Lake is about 5% lower than in Mississippi. Income has been growing slower in Horn Lake (2.1%/yr) than in Mississippi (4.3%/yr).
About 5% of adults in Horn Lake earn six figures ($100,000 or more) a year, lower than the Mississippi average of 7%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Horn Lake, Mississippi grew by 11.1% from 2009 to 2024, reaching $53,691 in 2024. That's an average of about 2.1% per year.
Income Inequality and the Gender Pay Gap in Horn Lake
| Metric | Horn Lake | Mississippi Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.535 | 0.566 | 0.552 |
| Male Median Income | $49,154 | $56,525 | $69,667 |
| Female Median Income | $44,935 | $43,645 | $56,850 |
| Gender Pay Gap | 8.6% | 22.8% | 18.4% |
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 Horn Lake, it is 0.535, lower than Mississippi's 0.566, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 9% more than women's income in Horn Lake, Mississippi. Over a 35-year career, a 9% wage gap accumulates to roughly $147,665 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Horn Lake, Mississippi has narrowed from about 27% to 9% in 2024. In dollar terms, the gap has narrowed by $6,771 since 2009.
Employment
| Metric | Horn Lake | Mississippi Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.2% | 5.7% | 5.2% |
| Working from Home | 6.1% | 5.9% | 15.0% |
| Commute time (minutes) | 25 | 21 | 22 |
Approximately 652 people are unemployed in Horn Lake, Mississippi.
The average commute time in Horn Lake is 25 minutes, longer than the 21 minutes in Mississippi.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Horn Lake, Mississippi has fallen from 7.3% to 5.2% in 2024. Over that period the rate peaked at 10.1% in 2013.
Horn Lake, MS Wealth Compared With Nearby Cities
How Horn Lake, MS compares with the 1 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Horn Lake, MS | 24,794 | $53,691 #2/2 | 2.1%/yr #2/2 | 5.2% #2/2 | 0.535 #2/2 |
| Southaven, MS | 54,424 | $79,998 | 4.1%/yr | 3.1% | 0.531 |
Conclusion
Considering all these factors, Horn Lake, 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 Horn Lake, Mississippi.
How Rich Is Horn Lake, Mississippi?
Horn Lake 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 $53,691, about 5% lower than the Mississippi average of $56,669.
How fast is household income rising in Horn Lake, Mississippi?
Between 2009 and 2024, the median household income in Horn Lake, Mississippi rose 11%, from $48,319 to $53,691. Over the same years, income here lagged behind Mississippi as a whole: +11% against +54%.
What was the median household income in Horn Lake in 2023?
In 2023, the median household income in Horn Lake, Mississippi was $57,811, up 4% from $55,477 in 2022. The Mississippi median that year was $55,083.
What was the median household income in Horn Lake in 2020?
In 2020, the median household income in Horn Lake, Mississippi was $51,805. By 2024 it had risen 4% to $53,691.
What is the Gini coefficient in Horn Lake, Mississippi?
The Gini coefficient in Horn Lake is 0.535. 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 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Horn Lake, Mississippi?
Since 2009, the income gap between men and women in Horn Lake, Mississippi has narrowed from about 27% to 9% in 2024. In dollar terms, the gap has narrowed by $6,771 since 2009.
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