Madison County, Mississippi Income Statistics
Madison County Wealth Score
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.
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B
Madison County Around averageWealthiest county in Mississippi
Source: Map AI Methodology
Income Statistics Overview
| Metric | Madison County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Household Income | $83,146 | $56,669 | $80,455 |
| Median Personal Income | $61,285 | $48,086 | $60,758 |
| Average Yearly Income Growth | 2.9% | 4.3% | 4.8% |
| Six-Figure Earners | 15.4% | 7.4% | 13.9% |
| $200k+ Households | 14.9% | 5.8% | 13.2% |
The median household income in Madison County is about 47% higher than in Mississippi. Income has been growing slower in Madison County (2.9%/yr) than in Mississippi (4.3%/yr).
About 15% of adults in Madison County earn six figures ($100,000 or more) a year, higher than the Mississippi average of 7%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Madison County, Mississippi grew by 45.7% from 2009 to 2024, reaching $83,146 in 2024. That's an average of about 2.9% per year.
Income Inequality and the Gender Pay Gap in Madison County
| Metric | Madison County | Mississippi Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.548 | 0.566 | 0.552 |
| Male Median Income | $70,111 | $56,525 | $69,667 |
| Female Median Income | $55,644 | $43,645 | $56,850 |
| Gender Pay Gap | 20.6% | 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 Madison County, it is 0.548, lower than Mississippi's 0.566, so income is more evenly distributed here than there, and about the same as the US's 0.552, so income here is about as evenly distributed as there.
Men's income is about 26% more than women's income in Madison County, Mississippi. Over a 35-year career, a 26% wage gap accumulates to roughly $506,345 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Madison County, Mississippi has narrowed from about 32% to 21% in 2024. Over that period the gap was widest at 33% in 2010. In dollar terms, the gap has narrowed by $3,241 since 2009.
Employment
| Metric | Madison County | Mississippi Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.7% | 5.7% | 5.2% |
| Working from Home | 9.6% | 5.9% | 15.0% |
| Commute time (minutes) | 21 | 21 | 22 |
Approximately 2,121 people are unemployed in Madison County, Mississippi.
The average commute time in Madison County is 21 minutes, about the same as in Mississippi.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Madison County, Mississippi has fallen from 6.2% to 3.7% in 2024. Over that period the rate peaked at 6.5% in 2012.
Madison County, MS Wealth Compared With Nearby Counties
Madison County, MS is the 2nd largest of the 6 counties compared here, 111,640 residents against a local median of 24,832. Madison County, MS's median household income, at $83,146, runs 71% above the $48,730 typical of the counties around it. That is the better end of the local range on this measure.
Income growth tells the same story from another angle: 2.9%/yr against a local median of 5.3%/yr, 45% below it. The picture is mixed rather than uniform: median household income runs ahead of the neighbourhood while income growth runs behind it, so Madison County, MS is trading one against the other rather than simply out-performing what surrounds it. The counties themselves spread $45,970 on median household income, so Madison County, MS sits at one end of an already wide local range rather than apart from it. Madison County, MS has the highest median household income of the 6 areas compared here.
| 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. |
|---|---|---|---|---|---|
| Madison County, MS | 111,640 | $83,146 #1/6 | 2.9%/yr #6/6 | 3.7% #1/6 | 0.548 #3/6 |
| Rankin County, MS | 158,854 | $79,849 | 3.8%/yr | 4.3% | 0.534 |
| Yazoo County, MS | 24,832 | $39,375 | 4.8%/yr | 9.7% | 0.643 |
| Holmes County, MS | 16,191 | $33,880 | 6.3%/yr | 9.5% | 0.628 |
| Leake County, MS | 21,319 | $51,065 | 5.7%/yr | 6.2% | 0.546 |
| Scott County, MS | 27,718 | $48,730 | 5.3%/yr | 5.5% | 0.550 |
Conclusion
Considering all these factors, Madison County, Mississippi has an overall wealth index grade of B, making it far better than Mississippi, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Madison County, Mississippi.
How Rich Is Madison County, Mississippi?
Madison County has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $83,146, about 47% higher than the Mississippi average of $56,669.
How fast is household income rising in Madison County, Mississippi?
Between 2009 and 2024, the median household income in Madison County, Mississippi rose 46%, from $57,075 to $83,146. Over the same years, income here lagged behind Mississippi as a whole: +46% against +54%.
What was the median household income in Madison County in 2023?
In 2023, the median household income in Madison County, Mississippi was $78,783, down 2% from $80,483 in 2022. The Mississippi median that year was $55,083.
What was the median household income in Madison County in 2020?
In 2020, the median household income in Madison County, Mississippi was $71,273. By 2024 it had risen 17% to $83,146.
How many people earn six figures in Madison County, Mississippi?
Yes. 15% of adults in Madison County, Mississippi earn $100,000 or more a year (about 1 in 6), against 7% (about 1 in 14) in Mississippi. 15% of households have a combined income of $200,000 or more, compared with 6% in Mississippi.
Is unemployment high in Madison County, Mississippi?
Unemployment in Madison County, Mississippi is only 3.7%, well below the Mississippi rate of 5.7%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Madison County, Mississippi?
The Gini coefficient in Madison County is 0.548. 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 0.552, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Madison County, Mississippi?
Since 2009, the income gap between men and women in Madison County, Mississippi has narrowed from about 32% to 21% in 2024. Over that period the gap was widest at 33% in 2010. In dollar terms, the gap has narrowed by $3,241 since 2009.
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