Mississippi
Analysis of state-to-state migration of people and income for Mississippi, covering the 2022–2023 federal income tax filing years.
Key Statistics
- Cost of living: 13% below U.S. average (index: 87)
- Median home value: $161,400 (national: $303,400)
- Home price appreciation (5 years): +38.6%
- Median rent: $923/month (national: $1,348)
- Homeownership rate: 69% (national: 65%)
- Unemployment rate: 3.1% (national: 3.6%)
- Median household income: $54,915 (national: $78,538)
- Median age: 38.4 years (national: 38.7)
Migration Overview (2022–2023)
- Net loss: 3,179 tax-filing households (1.1 per 1,000 residents)
- Net loss: 3,109 individuals
- Net income loss: $64.9M adjusted gross income (AGI)
- Population base: 2,939,690 residents
Largest inflow: 5,685 households from Tennessee ($301.6M AGI). Largest outflow: 5,641 households to Tennessee ($271.2M AGI).
Income Flow
- Total income moved in: $1.7B
- Total income moved out: $1.8B
- Net loss: $64.9M (nominal dollars)
Top Origin States (Inbound Migration)
- 1. Tennessee: 5,685 households ($301.6M AGI)
- 2. Louisiana: 3,689 households ($220M AGI)
- 3. Texas: 3,314 households ($175.5M AGI)
- 4. Alabama: 2,588 households ($151.3M AGI)
- 5. Florida: 2,167 households ($126.3M AGI)
Top Destination States (Outbound Migration)
- 1. Tennessee: 5,641 households ($271.2M AGI)
- 2. Texas: 4,839 households ($238.5M AGI)
- 3. Alabama: 3,287 households ($182.2M AGI)
- 4. Louisiana: 3,108 households ($153.6M AGI)
- 5. Florida: 2,359 households ($180.2M AGI)
Migration by Income Bracket
- $1–$10k: Net -16 households (-$436K AGI)
- $10k–$25k: Net -1,563 households (-$28.7M AGI)
- $25k–$50k: Net -1,553 households (-$54M AGI)
- $50k–$75k: Net -460 households (-$27.6M AGI)
- $75k–$100k: Net +54 households (+$5.9M AGI)
- $100k–$200k: Net +190 households (+$28.7M AGI)
- $200k+: Net +136 households (+$11.5M AGI)
Among $200k+ earners, Mississippi ranks #22 of 51 states for net household migration (+136).
Historical Migration Trends
- 2012–2023 net loss: $1.2B AGI (-63,822 people)
- 2021: Net income gain of $47.8M (-2,436 people)
- 2022: Net income gain of $125.1M (-563 people)
Demographics
- Median age: 38.4 years
- Median household income: $54,915 (30% below U.S. median)
- College degree (adults 25+): 24%
- Poverty rate: 19.1%
- Average commute: 26 minutes
- Broadband at home: 82% of households
Race/ethnicity (share of residents): White 55%, Black 37%, Hispanic 4%, Asian 1%, Other 3%.
Housing
- Median home value: $161,400 (47% below U.S. median)
- Median rent: $923/month (32% below U.S. median)
- Homeownership rate: 69%
- Home-price appreciation (past year): +5.8%
- Home-price appreciation (past 5 years): +39%
- New housing units authorized (2023): 7,700 (93% single-family, 7% multifamily)
Cost of Living Breakdown
- Housing & rents: 54.9 (index where 100 = U.S. average)
- Goods: 94.4
- Utilities: 83.5
- Other services: 97.7
$100 in Mississippi buys what $115 buys nationally. Income per person: $49,661 (29% below U.S. average).
Goods Trade (2022)
- Ships to other states: $108.7B (+31% since 2017)
- Receives from other states: $120.0B (+25% since 2017)
- Net balance: -$11.4B
Top exports: Coal/petroleum products ($14.9B), electronic equipment ($13.4B), machinery ($10.9B). Top imports: Pharmaceuticals ($21.7B), gasoline ($11.4B), motor vehicles ($9.9B).
Top trading partners: Louisiana ($30B total), Tennessee ($23B), Georgia ($21.8B).
Economy & Risk Factors
- Unemployment rate (2023): 3.1%
- Labor force: 1,250,896 (1,211,931 employed)
- Major federal disaster declarations (2023): 2 (most common: severe storms)