Montgomery County, Mississippi Income Statistics
Montgomery 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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D
Montgomery County Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Montgomery County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Household Income | $42,994 | $56,669 | $80,455 |
| Median Personal Income | $41,433 | $48,086 | $60,758 |
| Average Yearly Income Growth | 4.5% | 4.3% | 4.8% |
| Six-Figure Earners | 6.5% | 7.4% | 13.9% |
| $200k+ Households | 3.8% | 5.8% | 13.2% |
The median household income in Montgomery County is about 24% lower than in Mississippi. Income has been growing faster in Montgomery County (4.5%/yr) than in Mississippi (4.3%/yr).
About 7% of adults in Montgomery County earn six figures ($100,000 or more) a year, lower than the Mississippi average of 7%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Montgomery County, Mississippi grew by 47.5% from 2009 to 2024, reaching $42,994 in 2024. That's an average of about 4.5% per year.
Income Inequality and the Gender Pay Gap in Montgomery County
| Metric | Montgomery County | Mississippi Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.567 | 0.566 | 0.552 |
| Male Median Income | $50,944 | $56,525 | $69,667 |
| Female Median Income | $36,249 | $43,645 | $56,850 |
| Gender Pay Gap | 28.8% | 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 Montgomery County, it is 0.567, about the same as Mississippi's 0.566, so income here is about as evenly distributed as there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 41% more than women's income in Montgomery County, Mississippi. Over a 35-year career, a 41% wage gap accumulates to roughly $514,325 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Montgomery County, Mississippi has widened from about 23% to 29% in 2024. Over that period the gap was widest at 44% in 2012, and in 2018 women out-earned men by 10%. In dollar terms, the gap has widened by $7,313 since 2009.
Sharply against the trend: the pay gap in Montgomery County widened by 5.9 points while Mississippi's narrowed by 2.5 points.
Employment
| Metric | Montgomery County | Mississippi Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.7% | 5.7% | 5.2% |
| Working from Home | 4.6% | 5.9% | 15.0% |
| Commute time (minutes) | 21 | 21 | 22 |
Approximately 188 people are unemployed in Montgomery County, Mississippi.
The average commute time in Montgomery County is 21 minutes, about the same as in Mississippi.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Montgomery County, Mississippi has fallen from 9.9% to 4.7% in 2024. Over that period the rate peaked at 11.4% in 2012.
Montgomery County, MS Wealth Compared With Nearby Counties
Montgomery County, MS is typical in size for this group, 9,602 residents against a local median of 9,972, so the measures below are close to a like for like comparison. Where Montgomery County, MS breaks from the counties next to it is income growth, sitting 20% below the local median of 5.7%/yr at 4.5%/yr. That is the weaker end of the local range on this measure.
Median household income tells the same story from another angle: $42,994 against a local median of $51,377, 16% below it. Every measure here with a clear better direction points the same way, and it is the wrong way: Montgomery County, MS reads weaker than its neighbours on all of them. The counties themselves spread 1.2%/yr on income growth, so Montgomery County, MS sits at one end of an already wide local range rather than apart from it. Montgomery County, MS has the 6th highest income growth 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. |
|---|---|---|---|---|---|
| Montgomery County, MS | 9,602 | $42,994 #6/6 | 4.5%/yr #6/6 | 4.7% #2/6 | 0.567 #6/6 |
| Carroll County, MS | 9,686 | $59,329 | 5.4%/yr | 1.6% | 0.557 |
| Grenada County, MS | 21,217 | $48,140 | 4.8%/yr | 4.9% | 0.538 |
| Webster County, MS | 9,972 | $59,275 | 6.0%/yr | 6.6% | 0.517 |
| Choctaw County, MS | 8,118 | $51,377 | 6.0%/yr | 9.8% | 0.534 |
| Attala County, MS | 17,526 | $51,061 | 5.7%/yr | 5.4% | 0.533 |
Conclusion
Considering all these factors, Montgomery 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 Montgomery County, Mississippi.
How Rich Is Montgomery County, Mississippi?
Montgomery 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 $42,994, about 24% lower than the Mississippi average of $56,669.
How fast is household income rising in Montgomery County, Mississippi?
Between 2009 and 2024, the median household income in Montgomery County, Mississippi rose 48%, from $29,142 to $42,994. Over the same years, income here lagged behind Mississippi as a whole: +48% against +54%.
What was the median household income in Montgomery County in 2023?
In 2023, the median household income in Montgomery County, Mississippi was $45,061, up 19% from $37,800 in 2022. The Mississippi median that year was $55,083.
What was the median household income in Montgomery County in 2020?
In 2020, the median household income in Montgomery County, Mississippi was $37,208. By 2024 it had risen 16% to $42,994.
What is the Gini coefficient in Montgomery County, Mississippi?
The Gini coefficient in Montgomery County is 0.567. 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 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Montgomery County, Mississippi?
Since 2009, the income gap between men and women in Montgomery County, Mississippi has widened from about 23% to 29% in 2024. Over that period the gap was widest at 44% in 2012, and in 2018 women out-earned men by 10%. In dollar terms, the gap has widened by $7,313 since 2009.
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