Ridgeland, Mississippi Income Statistics
Ridgeland Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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B
Ridgeland Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Ridgeland | Mississippi Avg | US Average |
|---|---|---|---|
| Median Household Income | $69,897 | $56,669 | $80,455 |
| Median Personal Income | $52,594 | $48,086 | $60,758 |
| Average Yearly Income Growth | 2.3% | 4.3% | 4.8% |
| Six-Figure Earners | 12.6% | 7.4% | 13.9% |
| $200k+ Households | 11.8% | 5.8% | 13.2% |
The median household income in Ridgeland is about 23% higher than in Mississippi. Income has been growing slower in Ridgeland (2.3%/yr) than in Mississippi (4.3%/yr).
About 13% of adults in Ridgeland 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 Ridgeland, Mississippi grew by 24.5% from 2009 to 2024, reaching $69,897 in 2024. That's an average of about 2.3% per year.
Income Inequality and the Gender Pay Gap in Ridgeland
| Metric | Ridgeland | Mississippi Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.523 | 0.566 | 0.552 |
| Male Median Income | $61,776 | $56,525 | $69,667 |
| Female Median Income | $48,328 | $43,645 | $56,850 |
| Gender Pay Gap | 21.8% | 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 Ridgeland, it is 0.523, 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 28% more than women's income in Ridgeland, Mississippi. Over a 35-year career, a 28% wage gap accumulates to roughly $470,680 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Ridgeland, Mississippi has narrowed from about 30% to 22% in 2024. Over that period the gap was narrowest at 14% in 2017. In dollar terms, the gap has narrowed by $3,091 since 2009.
Employment
| Metric | Ridgeland | Mississippi Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.1% | 5.7% | 5.2% |
| Working from Home | 9.4% | 5.9% | 15.0% |
| Commute time (minutes) | 18 | 21 | 22 |
Approximately 518 people are unemployed in Ridgeland, Mississippi.
The average commute time in Ridgeland is 18 minutes, shorter than the 21 minutes in Mississippi.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Ridgeland, Mississippi has fallen from 5.9% to 4.1% in 2024. Over that period the rate peaked at 6.1% in 2016 and fell as low as 2.5% in 2021.
Ridgeland, MS Wealth Compared With Nearby Cities
Ridgeland, MS is the 3rd largest of the 4 cities compared here, 22,132 residents against a local median of 26,778. The measure that sets Ridgeland, MS apart most is income growth: 2.3%/yr, 26% below the local median of 3.2%/yr. That is the weaker end of the local range on this measure.
Unemployment tells the same story from another angle: 4.1% against a local median of 5.1%, 20% below it. The picture is mixed rather than uniform: unemployment runs ahead of the neighbourhood while income growth runs behind it, so Ridgeland, MS is trading one against the other rather than simply out-performing what surrounds it. The cities themselves spread 0.9%/yr on income growth, so Ridgeland, MS sits at one end of an already wide local range rather than apart from it. Ridgeland, MS has the 4th highest income growth of the 4 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. |
|---|---|---|---|---|---|
| Ridgeland, MS | 22,132 | $69,897 #2/4 | 2.3%/yr #4/4 | 4.1% #2/4 | 0.523 #2/4 |
| Madison, MS | 21,023 | $118,326 | 2.4%/yr | 2.8% | 0.550 |
| Jackson, MS | 145,698 | $42,786 | 3.3%/yr | 9.0% | 0.561 |
| Pearl, MS | 26,778 | $59,045 | 3.2%/yr | 5.1% | 0.500 |
Conclusion
Considering all these factors, Ridgeland, 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 Ridgeland, Mississippi.
How Rich Is Ridgeland, Mississippi?
Ridgeland 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 $69,897, about 23% higher than the Mississippi average of $56,669.
Are incomes growing in Ridgeland, Mississippi?
Between 2009 and 2024, the median household income in Ridgeland, Mississippi rose 24%, from $56,147 to $69,897. Over the same years, income here lagged behind Mississippi as a whole: +24% against +54%.
What was the median household income in Ridgeland in 2023?
In 2023, the median household income in Ridgeland, Mississippi was $67,880, down 2% from $69,482 in 2022. The Mississippi median that year was $55,083.
What was the median household income in Ridgeland in 2020?
In 2020, the median household income in Ridgeland, Mississippi was $62,619. By 2024 it had risen 12% to $69,897.
Do many residents of Ridgeland, Mississippi earn over $100,000?
Yes. 13% of adults in Ridgeland, Mississippi earn $100,000 or more a year (about 1 in 8), against 7% (about 1 in 14) in Mississippi. 12% of households have a combined income of $200,000 or more, compared with 6% in Mississippi.
Is unemployment high in Ridgeland, Mississippi?
Unemployment in Ridgeland, Mississippi is only 4.1%, 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 Ridgeland, Mississippi?
The Gini coefficient in Ridgeland is 0.523. 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 Ridgeland, Mississippi?
Since 2009, the income gap between men and women in Ridgeland, Mississippi has narrowed from about 30% to 22% in 2024. Over that period the gap was narrowest at 14% in 2017. In dollar terms, the gap has narrowed by $3,091 since 2009.
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