Wealth Index
Less wealthy than 70% 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 | Leake County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Household Income | $48,646 | $55,084 | $78,145 |
| Median Personal Income | $44,195 | $48,244 | $61,726 |
| Average income growth | 5.8% | 4.5% | 5.1% |
| Six-Figure Earners | 4.2% | 6.9% | 13.2% |
The median household income in Leake County is about 12% lower than in Mississippi. Income has been growing faster in Leake County (5.8%/yr) than in Mississippi (4.5%/yr).
About 4% of adults in Leake 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 Leake County, Mississippi grew by 50.7% from 2009 to 2023, reaching $48,646 in 2023. That's an average of about 5.8% per year.
Economic Inequality in Leake County | Gender Pay Gap | Gini Coefficient
| Metric | Leake County | Mississippi Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.600 | 0.574 | 0.570 |
| Male Median Income | $48,060 | $55,143 | $67,746 |
| Female Median Income | $38,494 | $42,143 | $54,793 |
| Gender Pay Gap | 19.9% | 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 Leake County, it is 0.600, 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 25% more than women's income in Leake County, Mississippi. Over a 35-year career, a 25% wage gap accumulates to roughly $334,810 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Leake County, Mississippi has narrowed from about 28% to 20% in 2023. In dollar terms, the gap has narrowed by $46 since 2009.
Employment
| Metric | Leake County | Mississippi Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.7% | 5.9% | 5.2% |
| Working from Home | 4.9% | 5.3% | 13.4% |
| Commute time (minutes) | 22 | 21 | 22 |
Approximately 598 people are unemployed in Leake County, Mississippi.
The average commute time in Leake County is 22 minutes, longer than the 21 minutes in Mississippi.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Leake County, Mississippi has fallen from 9.9% to 6.7% in 2023.
Conclusion
Considering all these factors, Leake 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 Leake County, Mississippi.
How Rich Is Leake County, Mississippi?
Leake 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 $48,646, about 12% lower than the Mississippi average of $55,084.
What is the current median household income in Leake County, Mississippi?
As of 2023, the median household income in Leake County, Mississippi is $48,646.
What was the median household income in Leake County in 2023?
In 2023, the median household income in Leake County, Mississippi was $48,646.
What was the median household income in Leake County in 2020?
In 2020, the median household income in Leake County, Mississippi was $36,498.
What is the Gini coefficient in Leake County, Mississippi?
The Gini coefficient in Leake County is 0.600. 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 Leake County, Mississippi?
Since 2009, the income gap between men and women in Leake County, Mississippi has narrowed from about 28% to 20% in 2023. In dollar terms, the gap has narrowed by $46 since 2009.