Wealth Index
Less wealthy than 94% 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 | Quitman County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Household Income | $33,358 | $55,084 | $78,145 |
| Median Personal Income | $40,200 | $48,244 | $61,726 |
| Average income growth | 4.6% | 4.5% | 5.1% |
| Six-Figure Earners | 3.1% | 6.9% | 13.2% |
The median household income in Quitman County is about 39% lower than in Mississippi. Income has been growing faster in Quitman County (4.6%/yr) than in Mississippi (4.5%/yr).
About 3% of adults in Quitman 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 Quitman County, Mississippi grew by 36.0% from 2009 to 2023, reaching $33,358 in 2023. That's an average of about 4.6% per year.
Economic Inequality in Quitman County | Gender Pay Gap | Gini Coefficient
| Metric | Quitman County | Mississippi Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.542 | 0.574 | 0.570 |
| Male Median Income | $45,461 | $55,143 | $67,746 |
| Female Median Income | $37,682 | $42,143 | $54,793 |
| Gender Pay Gap | 17.1% | 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 Quitman County, it is 0.542, lower than Mississippi's 0.574, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 21% more than women's income in Quitman County, Mississippi. Over a 35-year career, a 21% wage gap accumulates to roughly $272,265 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Quitman County, Mississippi has narrowed from about 26% to 17% in 2023. In dollar terms, the gap has widened by $237 since 2009.
Employment
| Metric | Quitman County | Mississippi Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 11.7% | 5.9% | 5.2% |
| Working from Home | 6.4% | 5.3% | 13.4% |
| Commute time (minutes) | 30 | 21 | 22 |
Approximately 289 people are unemployed in Quitman County, Mississippi.
The average commute time in Quitman County is 30 minutes, longer than the 21 minutes in Mississippi.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Quitman County, Mississippi has fallen from 16.4% to 11.7% in 2023.
Conclusion
Considering all these factors, Quitman County, Mississippi has an overall wealth index grade of F, making it somewhat worse than Mississippi, and worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Quitman County, Mississippi.
How Rich Is Quitman County, Mississippi?
Quitman County has a wealth index grade of F. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an F grade means residents are well below the U.S. average. The median household income is $33,358, about 39% lower than the Mississippi average of $55,084.
What is the current median household income in Quitman County, Mississippi?
As of 2023, the median household income in Quitman County, Mississippi is $33,358.
What was the median household income in Quitman County in 2023?
In 2023, the median household income in Quitman County, Mississippi was $33,358.
What was the median household income in Quitman County in 2020?
In 2020, the median household income in Quitman County, Mississippi was $24,416.
What is the Gini coefficient in Quitman County, Mississippi?
The Gini coefficient in Quitman County is 0.542. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Quitman County, Mississippi?
Since 2009, the income gap between men and women in Quitman County, Mississippi has narrowed from about 26% to 17% in 2023. In dollar terms, the gap has widened by $237 since 2009.