Economic Outlook Rank Mississippi is currently ranked 27th in the United States for its economic outlook.
Is Mississippi a rich or poor state?
Poorest U.S. States. Mississippi is the poorest U.S. state. Mississippi’s median household income is $45,792, the lowest in the country, with a livable wage of $46,000. Additionally, the state has a poverty rate of 19.6%, the highest of any state.
How rich is Mississippi?
Ranked 32nd in the U.S. Mississippi is a state located in the Deep South of the United States. Jackson is the state capital and largest city.
State of Mississippi.
| Flag | Seal |
| Nickname(s): The Magnolia State; The Hospitality State | |
| Motto(s): Virtute et armis |
What is Mississippi largest source of income?
Agriculture is Mississippi’s number one industry, employing approximately 17.4% of the state’s workforce either directly or indirectly.
How does Mississippi make money?
Mississippi’s most valuable crops are cotton and soybeans. Production of cotton generates about 13% of the state’s total agriculutural receipts. Mississippi is a leading (#3) cotton-producing state. Also grown are substantial quantities of corn for grain, rice, and sweet potatoes.
How many millionaires are there in MS?
This is a list of U.S. states and federal district by the number of households with more than $1 million in investable assets as of 2020 (data for the year 2019).
List.
| Rank | 35 |
|---|---|
| State | Mississippi |
| Number of millionaire households | 47,279 |
| Share of millionaire households | 4.18% |
What is the wealthiest city in Mississippi?
Madison
The richest town in Mississippi is Madison. Madison is in the Jackson metropolitan area.
Do any billionaires live in Mississippi?
There are 2,668 billionaires according to the 2022 Forbes’ World Billionaires List, and two of them reside right here in Mississippi. James and Tom Duff, two brothers who live in Hattiesburg, both cracked the list. The Duff brothers are tied at No. 1513, each worth $2 billion.
Are there rich people in Mississippi?
The first billionaire ever is thought to be Standard Oil magnate John D.
Why is Mississippi the worst state?
Mississippi’s infrastructure, economy, and healthcare scores contribute to the state’s low ranking. The state’s infrastructure is the worst in the nation.
Is there anything good about Mississippi?
Today, agriculture and forestry is Mississippi’s top industry. Mississippi produces more than half of the country’s farm-raised catfish, and it is also a top producer of sweet potatoes, cotton and pulpwood.
What is the poorest city in Mississippi?
Vicksburg is the poorest town in the poorest state in the country. The typical Mississippi household earns just $42,009 a year, nearly $16,000 less than the typical American household.
Who is the largest employer in Mississippi?
Sta-Home Health & Hospice
DETAILED LIST OF THE 100 BIGGEST COMPANIES IN MISSISSIPPI
| RANK | COMPANY | EMPLOYEES |
|---|---|---|
| 1 | Sta-Home Health & Hospice | 17,000 |
| 2 | ms.gov – Mississippi’s Official State Website | 15,000 |
| 3 | Sanderson Farms | 13,232 |
| 4 | Commerce Bancorp LLC | 12,700 |
What is the racial makeup of Mississippi?
Mississippi Demographics
White: 58.41% Black or African American: 37.72% Two or more races: 1.35% Other race: 1.03%
Is Mississippi a good state?
Mississippi is a wonderful place to live. The state is filled with amazing cities that have topped national lists for things like livability, safety, job growth, and more.
What is Mississippi mostly known for?
Mississippi is a southern state that played a key role in the United States Civil War. It’s home to a wide variety of historical monuments and museums. What is this? The state is also known for its magnolias, catfish, bluegrass music, and southern charm.
Where do most millionaires live?
New York and Los Angeles are home to the most millionaires in America because of their large populations and lucrative industries. No surprise there.
- San Jose-Sunnyvale-Santa Clara, California.
- Bridgeport-Stamford-Norwalk, Connecticut.
- San Francisco-Oakland-Hayward, California.
- Washington, D.C. Area.
What state has the most billionaires?
California
Table
| Rank by number of billionaires (9/15/20) | State or federal district | Number of billionaire residents (2/12/16) |
|---|---|---|
| 1 | California | 124 |
| 2 | New York | 93 |
| 3 | Texas | 48 |
| 4 | Florida | 44 |
Which U.S. state has the most millionaires?
In 2020, California had the highest number of millionaire households in the U.S., with 1.14 million households having one million or more in investible assets. This is nearly double the 650,216 millionaire households in Texas, the state with the second-highest number.
Where do millionaires live in Mississippi?
In Mississippi, Hattiesburg is the only city home to any billionaires. A total of two billionaires live in Hattiesburg with a combined net worth of $2.8 billion. Both billionaires in the city, James and Thomas Duff, are worth an estimated $1.4 billion.
What is considered middle class in Mississippi?
The minimum annual income to be considered middle class is lowest in Mississippi and highest in Hawaii, according to a new analysis. Dec.
America’s Fastest-Growing States.
| State | Household Income Range for Middle Class |
|---|---|
| Mississippi | $15,165 – $81,480 |
| Missouri | $21,672 – $99,280 |
| Montana | $22,947 – $101,582 |
