Wealth Index
Wealthier than 91% 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 | Lowndes County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Household Income | $54,404 | $55,084 | $78,145 |
| Median Personal Income | $48,766 | $48,244 | $61,726 |
| Average income growth | 4.0% | 4.5% | 5.1% |
| Six-Figure Earners | 7.1% | 6.9% | 13.2% |
The median household income in Lowndes County is about 1% lower than in Mississippi. Income has been growing slower in Lowndes County (4.0%/yr) than in Mississippi (4.5%/yr).
About 7% of adults in Lowndes County earn six figures ($100,000 or more) a year, about the same as the Mississippi average of 7%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Lowndes County, Mississippi grew by 45.1% from 2009 to 2023, reaching $54,404 in 2023. That's an average of about 4.0% per year.
Economic Inequality in Lowndes County | Gender Pay Gap | Gini Coefficient
| Metric | Lowndes County | Mississippi Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.568 | 0.574 | 0.570 |
| Male Median Income | $56,321 | $55,143 | $67,746 |
| Female Median Income | $40,519 | $42,143 | $54,793 |
| Gender Pay Gap | 28.1% | 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 Lowndes County, it is 0.568, lower than Mississippi's 0.574, so income is more evenly distributed here than there, and about the same as the US's 0.570, so income here is about as evenly distributed as there.
Men's income is about 39% more than women's income in Lowndes County, Mississippi. Over a 35-year career, a 39% wage gap accumulates to roughly $553,070 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Lowndes County, Mississippi has narrowed from about 39% to 28% in 2023. In dollar terms, the gap has widened by $208 since 2009.
Employment
| Metric | Lowndes County | Mississippi Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.8% | 5.9% | 5.2% |
| Working from Home | 5.1% | 5.3% | 13.4% |
| Commute time (minutes) | 17 | 21 | 22 |
Approximately 1,545 people are unemployed in Lowndes County, Mississippi.
The average commute time in Lowndes County is 17 minutes, shorter than the 21 minutes in Mississippi.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Lowndes County, Mississippi has fallen from 12.7% to 5.8% in 2023.
Conclusion
Considering all these factors, Lowndes County, Mississippi has an overall wealth index grade of D, making it somewhat better than Mississippi, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Lowndes County, Mississippi.
How Rich Is Lowndes County, Mississippi?
Lowndes 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 $54,404, about 1% lower than the Mississippi average of $55,084.
What is the current median household income in Lowndes County, Mississippi?
As of 2023, the median household income in Lowndes County, Mississippi is $54,404.
What was the median household income in Lowndes County in 2023?
In 2023, the median household income in Lowndes County, Mississippi was $54,404.
What was the median household income in Lowndes County in 2020?
In 2020, the median household income in Lowndes County, Mississippi was $48,438.
What is the Gini coefficient in Lowndes County, Mississippi?
The Gini coefficient in Lowndes County is 0.568. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.570, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Lowndes County, Mississippi?
Since 2009, the income gap between men and women in Lowndes County, Mississippi has narrowed from about 39% to 28% in 2023. In dollar terms, the gap has widened by $208 since 2009.