Salary Overview for Mississippi
The median individual income in Mississippi is $28,990 per year, while the mean (average) individual income is $38,120. The median household income is $52,985.
Cost of Living Adjusted Salary
Mississippi's cost of living index is 84 (national average = 100). This means the median salary of $28,990 in Mississippi has the purchasing power of approximately $34,512 at the national average cost of living. Your dollar goes further in Mississippi than in most states.
Minimum Wage in Mississippi
The current minimum wage in Mississippi is $7.25/hour, which equals approximately $15,080 per year for a full-time worker (40 hours/week, 52 weeks). See our complete Mississippi minimum wage guide for tipped wages, scheduled increases, and more.
Top Employers in Mississippi
- University of Mississippi Medical
- Walmart
- Nissan
Major Industries in Mississippi
- Agriculture
- Manufacturing
- Healthcare
Tax Rates in Mississippi
See the full tax breakdown including income tax, sales tax, property tax, and more on our Mississippi tax rates page.
Calculate Your Take-Home Pay
Use our Salary Calculator to convert between hourly, weekly, monthly, and annual pay, and estimate your take-home pay in Mississippi after federal and state taxes.