Financial Profile: Mississippi
Financial landscape, tax rates, cost of living, and median income scoring for Mississippi residents.
Mississippi at a Glance
Avg Salary
$44,000
Cost of Living
84
Top Tax Rate
4.7%
Adjusted Income
$52,380
Monthly Take-Home
$2,939
Max Rent (30%)
$1,100
Financial Genome at Median Income
Scores calculated for someone earning $44,000/yr in Mississippi with typical expenses.
PPI
40
C
FPI
25
F
LRS
56
C+
REW
30
D
Living in Mississippi: Financial Overview
Mississippi has graduated rates from 0% to 4.7%, with recent reforms moving toward a flat tax.
- Lowest cost of living
- Tax rates decreasing
- Moving to flat tax
Major Cities
Jackson, Gulfport, Southaven, Biloxi
With a cost of living index of 84 (below the national average of 100), your dollar goes further in Mississippi. A $60,000 salary here has the purchasing power equivalent of $71,428 in an average-cost area.
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