Wealth Index
Less wealthy than 72% 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 | Marion County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Household Income | $43,628 | $55,084 | $78,145 |
| Median Personal Income | $41,855 | $48,244 | $61,726 |
| Average income growth | 5.1% | 4.5% | 5.1% |
| Six-Figure Earners | 6.1% | 6.9% | 13.2% |
The median household income in Marion County is about 21% lower than in Mississippi. Income has been growing faster in Marion County (5.1%/yr) than in Mississippi (4.5%/yr).
About 6% of adults in Marion 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 Marion County, Mississippi grew by 41.9% from 2009 to 2023, reaching $43,628 in 2023. That's an average of about 5.1% per year.
Economic Inequality in Marion County | Gender Pay Gap | Gini Coefficient
| Metric | Marion County | Mississippi Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.609 | 0.574 | 0.570 |
| Male Median Income | $53,248 | $55,143 | $67,746 |
| Female Median Income | $36,325 | $42,143 | $54,793 |
| Gender Pay Gap | 31.8% | 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 Marion County, it is 0.609, 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 47% more than women's income in Marion County, Mississippi. Over a 35-year career, a 47% wage gap accumulates to roughly $592,305 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Marion County, Mississippi has narrowed from about 39% to 32% in 2023. In dollar terms, the gap has widened by $1,873 since 2009.
Employment
| Metric | Marion County | Mississippi Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 9.0% | 5.9% | 5.2% |
| Working from Home | 6.0% | 5.3% | 13.4% |
| Commute time (minutes) | 22 | 21 | 22 |
Approximately 937 people are unemployed in Marion County, Mississippi.
The average commute time in Marion County is 22 minutes, longer than the 21 minutes in Mississippi.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Marion County, Mississippi has fallen from 10.3% to 9.0% in 2023.
Conclusion
Considering all these factors, Marion 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 Marion County, Mississippi.
How Rich Is Marion County, Mississippi?
Marion 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 $43,628, about 21% lower than the Mississippi average of $55,084.
What is the current median household income in Marion County, Mississippi?
As of 2023, the median household income in Marion County, Mississippi is $43,628.
What was the median household income in Marion County in 2023?
In 2023, the median household income in Marion County, Mississippi was $43,628.
What was the median household income in Marion County in 2020?
In 2020, the median household income in Marion County, Mississippi was $31,558.
What is the Gini coefficient in Marion County, Mississippi?
The Gini coefficient in Marion County is 0.609. 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 Marion County, Mississippi?
Since 2009, the income gap between men and women in Marion County, Mississippi has narrowed from about 39% to 32% in 2023. In dollar terms, the gap has widened by $1,873 since 2009.