Wealth Index
Less wealthy than 78% 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 | Oktibbeha County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Household Income | $43,826 | $55,084 | $78,145 |
| Median Personal Income | $47,721 | $48,244 | $61,726 |
| Average income growth | 3.7% | 4.5% | 5.1% |
| Six-Figure Earners | 7.2% | 6.9% | 13.2% |
The median household income in Oktibbeha County is about 20% lower than in Mississippi. Income has been growing slower in Oktibbeha County (3.7%/yr) than in Mississippi (4.5%/yr).
About 7% of adults in Oktibbeha 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 Oktibbeha County, Mississippi grew by 64.2% from 2009 to 2023, reaching $43,826 in 2023. That's an average of about 3.7% per year.
Economic Inequality in Oktibbeha County | Gender Pay Gap | Gini Coefficient
| Metric | Oktibbeha County | Mississippi Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.650 | 0.574 | 0.570 |
| Male Median Income | $54,381 | $55,143 | $67,746 |
| Female Median Income | $43,719 | $42,143 | $54,793 |
| Gender Pay Gap | 19.6% | 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 Oktibbeha County, it is 0.650, 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 24% more than women's income in Oktibbeha County, Mississippi. Over a 35-year career, a 24% wage gap accumulates to roughly $373,170 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Oktibbeha County, Mississippi has narrowed from about 36% to 20% in 2023. In dollar terms, the gap has narrowed by $4,766 since 2009.
Employment
| Metric | Oktibbeha County | Mississippi Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.3% | 5.9% | 5.2% |
| Working from Home | 7.4% | 5.3% | 13.4% |
| Commute time (minutes) | 16 | 21 | 22 |
Approximately 1,496 people are unemployed in Oktibbeha County, Mississippi.
The average commute time in Oktibbeha County is 16 minutes, shorter than the 21 minutes in Mississippi.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Oktibbeha County, Mississippi has fallen from 12.7% to 6.3% in 2023.
Conclusion
Considering all these factors, Oktibbeha County, Mississippi has an overall wealth index grade of D, making it somewhat worse than Mississippi, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Oktibbeha County, Mississippi.
How Wealthy Is Oktibbeha County, Mississippi?
Oktibbeha 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 $43,826, about 20% lower than the Mississippi average of $55,084.
What is the current median household income in Oktibbeha County, Mississippi?
As of 2023, the median household income in Oktibbeha County, Mississippi is $43,826.
What was the median household income in Oktibbeha County in 2023?
In 2023, the median household income in Oktibbeha County, Mississippi was $43,826.
What was the median household income in Oktibbeha County in 2020?
In 2020, the median household income in Oktibbeha County, Mississippi was $39,686.
What is the Gini coefficient in Oktibbeha County, Mississippi?
The Gini coefficient in Oktibbeha County is 0.650. 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 Oktibbeha County, Mississippi?
Since 2009, the income gap between men and women in Oktibbeha County, Mississippi has narrowed from about 36% to 20% in 2023. In dollar terms, the gap has narrowed by $4,766 since 2009.