Rankin County, Mississippi Income Statistics
Rankin 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
Rankin County Around averageAmong the top 3 wealthiest counties in Mississippi
Source: Map AI Methodology
Income Statistics Overview
| Metric | Rankin County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Household Income | $79,849 | $56,669 | $80,455 |
| Median Personal Income | $55,422 | $48,086 | $60,758 |
| Average Yearly Income Growth | 3.8% | 4.3% | 4.8% |
| Six-Figure Earners | 11.1% | 7.4% | 13.9% |
| $200k+ Households | 8.7% | 5.8% | 13.2% |
The median household income in Rankin County is about 41% higher than in Mississippi. Income has been growing slower in Rankin County (3.8%/yr) than in Mississippi (4.3%/yr).
About 11% of adults in Rankin 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 Rankin County, Mississippi grew by 48.5% from 2009 to 2024, reaching $79,849 in 2024. That's an average of about 3.8% per year.
Income Inequality and the Gender Pay Gap in Rankin County
| Metric | Rankin County | Mississippi Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.534 | 0.566 | 0.552 |
| Male Median Income | $64,565 | $56,525 | $69,667 |
| Female Median Income | $53,066 | $43,645 | $56,850 |
| Gender Pay Gap | 17.8% | 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 Rankin County, it is 0.534, lower than Mississippi's 0.566, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 22% more than women's income in Rankin County, Mississippi. Over a 35-year career, a 22% wage gap accumulates to roughly $402,465 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Rankin County, Mississippi has narrowed from about 20% to 18% in 2024. Over that period the gap was widest at 23% in 2018. In dollar terms, the gap has widened by $2,295 since 2009.
Employment
| Metric | Rankin County | Mississippi Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.3% | 5.7% | 5.2% |
| Working from Home | 7.1% | 5.9% | 15.0% |
| Commute time (minutes) | 23 | 21 | 22 |
Approximately 3,546 people are unemployed in Rankin County, Mississippi.
The average commute time in Rankin County is 23 minutes, longer than the 21 minutes in Mississippi.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Rankin County, Mississippi has fallen from 5.4% to 4.3% in 2024. Over that period the rate peaked at 6.0% in 2013 and fell as low as 4.2% in 2023.
Rankin County, MS Wealth Compared With Nearby Counties
Rankin County, MS is the 2nd largest of the 6 counties compared here, 158,854 residents against a local median of 27,718. Rankin County, MS's median household income, at $79,849, runs 43% above the $55,766 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: 3.8%/yr against a local median of 5.3%/yr, 28% below it. The picture is mixed rather than uniform: median household income runs ahead of the neighbourhood while income growth runs behind it, so Rankin County, MS is trading one against the other rather than simply out-performing what surrounds it. The counties themselves spread $34,415 on median household income, so Rankin County, MS sits at one end of an already wide local range rather than apart from it. Rankin County, MS has the 2nd 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. |
|---|---|---|---|---|---|
| Rankin County, MS | 158,854 | $79,849 #2/6 | 3.8%/yr #4/6 | 4.3% #2/6 | 0.534 #1/6 |
| Simpson County, MS | 25,691 | $55,766 | 5.3%/yr | 4.3% | 0.541 |
| Madison County, MS | 111,640 | $83,146 | 2.9%/yr | 3.7% | 0.548 |
| Scott County, MS | 27,718 | $48,730 | 5.3%/yr | 5.5% | 0.550 |
| Hinds County, MS | 218,428 | $49,348 | 3.0%/yr | 7.5% | 0.564 |
| Smith County, MS | 14,132 | $62,346 | 8.1%/yr | 4.4% | 0.557 |
Conclusion
Considering all these factors, Rankin County, Mississippi has an overall wealth index grade of B, making it notably better than Mississippi, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Rankin County, Mississippi.
How Rich Is Rankin County, Mississippi?
Rankin 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 $79,849, about 41% higher than the Mississippi average of $56,669.
How has median household income changed in Rankin County, Mississippi?
Between 2009 and 2024, the median household income in Rankin County, Mississippi rose 49%, from $53,754 to $79,849. Over the same years, income here lagged behind Mississippi as a whole: +49% against +54%.
What was the median household income in Rankin County in 2023?
In 2023, the median household income in Rankin County, Mississippi was $77,699, up 1% from $76,800 in 2022. The Mississippi median that year was $55,083.
What was the median household income in Rankin County in 2020?
In 2020, the median household income in Rankin County, Mississippi was $69,538. By 2024 it had risen 15% to $79,849.
Do many residents of Rankin County, Mississippi earn over $100,000?
Yes. 11% of adults in Rankin County, Mississippi earn $100,000 or more a year (about 1 in 9), against 7% (about 1 in 14) in Mississippi. 9% of households have a combined income of $200,000 or more, compared with 6% in Mississippi.
How strong is the job market in Rankin County, Mississippi?
Unemployment in Rankin County, Mississippi is only 4.3%, 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 Rankin County, Mississippi?
The Gini coefficient in Rankin County is 0.534. 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 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Rankin County, Mississippi?
Since 2009, the income gap between men and women in Rankin County, Mississippi has narrowed from about 20% to 18% in 2024. Over that period the gap was widest at 23% in 2018. In dollar terms, the gap has widened by $2,295 since 2009.
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