Wealth Index
Less wealthy than 81% of counties in Mississippi
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 | Humphreys County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Household Income | $32,728 | $55,084 | $78,145 |
| Median Personal Income | $36,622 | $48,244 | $61,726 |
| Average income growth | 4.6% | 4.5% | 5.1% |
| Six-Figure Earners | 3.6% | 6.9% | 13.2% |
The median household income in Humphreys County is about 41% lower than in Mississippi. Income has been growing faster in Humphreys County (4.6%/yr) than in Mississippi (4.5%/yr).
About 4% of adults in Humphreys 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 Humphreys County, Mississippi grew by 44.2% from 2009 to 2023, reaching $32,728 in 2023. That's an average of about 4.6% per year.
Economic Inequality in Humphreys County | Gender Pay Gap | Gini Coefficient
| Metric | Humphreys County | Mississippi Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.588 | 0.574 | 0.570 |
| Male Median Income | $41,793 | $55,143 | $67,746 |
| Female Median Income | $32,440 | $42,143 | $54,793 |
| Gender Pay Gap | 22.4% | 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 Humphreys County, it is 0.588, higher than Mississippi's 0.574, so income is less evenly distributed here than there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 29% more than women's income in Humphreys County, Mississippi. Over a 35-year career, a 29% wage gap accumulates to roughly $327,355 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Humphreys County, Mississippi has narrowed from about 44% to 22% in 2023. In dollar terms, the gap has narrowed by $6,428 since 2009.
Employment
| Metric | Humphreys County | Mississippi Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 15.8% | 5.9% | 5.2% |
| Working from Home | 0.6% | 5.3% | 13.4% |
| Commute time (minutes) | 15 | 21 | 22 |
Approximately 486 people are unemployed in Humphreys County, Mississippi.
The average commute time in Humphreys County is 15 minutes, shorter than the 21 minutes in Mississippi.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Humphreys County, Mississippi has fallen from 19.7% to 15.8% in 2023.
Conclusion
Considering all these factors, Humphreys County, Mississippi has an overall wealth index grade of F, making it somewhat worse than Mississippi, and worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Humphreys County, Mississippi.
How Rich Is Humphreys County, Mississippi?
Humphreys County has a wealth index grade of F. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an F grade means residents are well below the U.S. average. The median household income is $32,728, about 41% lower than the Mississippi average of $55,084.
What is the current median household income in Humphreys County, Mississippi?
As of 2023, the median household income in Humphreys County, Mississippi is $32,728.
What was the median household income in Humphreys County in 2023?
In 2023, the median household income in Humphreys County, Mississippi was $32,728.
What was the median household income in Humphreys County in 2020?
In 2020, the median household income in Humphreys County, Mississippi was $27,941.
What is the Gini coefficient in Humphreys County, Mississippi?
The Gini coefficient in Humphreys County is 0.588. 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 Humphreys County, Mississippi?
Since 2009, the income gap between men and women in Humphreys County, Mississippi has narrowed from about 44% to 22% in 2023. In dollar terms, the gap has narrowed by $6,428 since 2009.