Wealth Index
Less wealthy than 90% 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 | Tallahatchie County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Household Income | $38,274 | $55,084 | $78,145 |
| Median Personal Income | $40,283 | $48,244 | $61,726 |
| Average income growth | 3.7% | 4.5% | 5.1% |
| Six-Figure Earners | 3.8% | 6.9% | 13.2% |
The median household income in Tallahatchie County is about 31% lower than in Mississippi. Income has been growing slower in Tallahatchie County (3.7%/yr) than in Mississippi (4.5%/yr).
About 4% of adults in Tallahatchie 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 Tallahatchie County, Mississippi grew by 63.6% from 2009 to 2023, reaching $38,274 in 2023. That's an average of about 3.7% per year.
Economic Inequality in Tallahatchie County | Gender Pay Gap | Gini Coefficient
| Metric | Tallahatchie County | Mississippi Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.645 | 0.574 | 0.570 |
| Male Median Income | $44,337 | $55,143 | $67,746 |
| Female Median Income | $33,709 | $42,143 | $54,793 |
| Gender Pay Gap | 24.0% | 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 Tallahatchie County, it is 0.645, 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 32% more than women's income in Tallahatchie County, Mississippi. Over a 35-year career, a 32% wage gap accumulates to roughly $371,980 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Tallahatchie County, Mississippi has widened from about -2% to 24% in 2023. In dollar terms, the gap has widened by $11,143 since 2009.
Employment
| Metric | Tallahatchie County | Mississippi Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 10.1% | 5.9% | 5.2% |
| Working from Home | 8.1% | 5.3% | 13.4% |
| Commute time (minutes) | 23 | 21 | 22 |
Approximately 533 people are unemployed in Tallahatchie County, Mississippi.
The average commute time in Tallahatchie County is 23 minutes, longer than the 21 minutes in Mississippi.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Tallahatchie County, Mississippi has fallen from 16.8% to 10.1% in 2023.
Conclusion
Considering all these factors, Tallahatchie 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 Tallahatchie County, Mississippi.
How Rich Is Tallahatchie County, Mississippi?
Tallahatchie 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 $38,274, about 31% lower than the Mississippi average of $55,084.
What is the current median household income in Tallahatchie County, Mississippi?
As of 2023, the median household income in Tallahatchie County, Mississippi is $38,274.
What was the median household income in Tallahatchie County in 2023?
In 2023, the median household income in Tallahatchie County, Mississippi was $38,274.
What was the median household income in Tallahatchie County in 2020?
In 2020, the median household income in Tallahatchie County, Mississippi was $30,648.
What is the Gini coefficient in Tallahatchie County, Mississippi?
The Gini coefficient in Tallahatchie County is 0.645. 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 Tallahatchie County, Mississippi?
Since 2009, the income gap between men and women in Tallahatchie County, Mississippi has widened from about -2% to 24% in 2023. In dollar terms, the gap has widened by $11,143 since 2009.