Wealth Index
Less wealthy than 77% 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 | Tunica County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Household Income | $38,258 | $55,084 | $78,145 |
| Median Personal Income | $38,437 | $48,244 | $61,726 |
| Average income growth | 2.6% | 4.5% | 5.1% |
| Six-Figure Earners | 3.6% | 6.9% | 13.2% |
The median household income in Tunica County is about 31% lower than in Mississippi. Income has been growing slower in Tunica County (2.6%/yr) than in Mississippi (4.5%/yr).
About 4% of adults in Tunica 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 Tunica County, Mississippi grew by 31.0% from 2009 to 2023, reaching $38,258 in 2023. That's an average of about 2.6% per year.
Economic Inequality in Tunica County | Gender Pay Gap | Gini Coefficient
| Metric | Tunica County | Mississippi Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.510 | 0.574 | 0.570 |
| Male Median Income | $42,921 | $55,143 | $67,746 |
| Female Median Income | $37,220 | $42,143 | $54,793 |
| Gender Pay Gap | 13.3% | 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 Tunica County, it is 0.510, 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 15% more than women's income in Tunica County, Mississippi. Over a 35-year career, a 15% wage gap accumulates to roughly $199,535 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Tunica County, Mississippi has widened from about 6% to 13% in 2023. In dollar terms, the gap has widened by $3,961 since 2009.
Employment
| Metric | Tunica County | Mississippi Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 13.1% | 5.9% | 5.2% |
| Working from Home | 0.9% | 5.3% | 13.4% |
| Commute time (minutes) | 25 | 21 | 22 |
Approximately 566 people are unemployed in Tunica County, Mississippi.
The average commute time in Tunica County is 25 minutes, longer than the 21 minutes in Mississippi.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Tunica County, Mississippi has fallen from 13.5% to 13.1% in 2023.
Conclusion
Considering all these factors, Tunica 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 Tunica County, Mississippi.
How Rich Is Tunica County, Mississippi?
Tunica 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 $38,258, about 31% lower than the Mississippi average of $55,084.
What is the current median household income in Tunica County, Mississippi?
As of 2023, the median household income in Tunica County, Mississippi is $38,258.
What was the median household income in Tunica County in 2023?
In 2023, the median household income in Tunica County, Mississippi was $38,258.
What was the median household income in Tunica County in 2020?
In 2020, the median household income in Tunica County, Mississippi was $34,492.
What is the Gini coefficient in Tunica County, Mississippi?
The Gini coefficient in Tunica County is 0.510. 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 Tunica County, Mississippi?
Since 2009, the income gap between men and women in Tunica County, Mississippi has widened from about 6% to 13% in 2023. In dollar terms, the gap has widened by $3,961 since 2009.