Franklin County, Mississippi
Income Data
At a Glance
How Franklin County Compares
Detailed Income Statistics
Data Story
About Household Income in Franklin County, Mississippi
Franklin faces significant income gap
Franklin County's median household income of $45,618 trails the national median of $74,755 by 39%, representing one of the widest earnings gaps in this analysis. This substantial shortfall reflects limited job diversity and economic opportunity in the county.
Below average even for Mississippi
Franklin County's $45,618 median household income falls 6% below Mississippi's statewide average of $48,514, placing it in the lower half of state counties. Per capita income of $27,379 nearly matches the state average of $27,136, suggesting concentrated income among fewer households.
Franklin struggles compared to region
Franklin County's $45,618 income ranks lowest among neighboring counties, falling behind Grenada County ($47,998) and Greene County ($55,838). The gap underscores Franklin's economic isolation and limited employment base.
Low rent burden, but limited surplus
Franklin's rent-to-income ratio of 18.6% is favorable, meaning housing consumes less than one-fifth of household income. However, median home values of $95,100 and modest household earnings leave little margin for savings or unexpected expenses.
Wealth-building starts with basics
Franklin County residents can begin wealth accumulation by controlling fixed costs and exploring income-growth opportunities through job training or entrepreneurship. Even small monthly savings—$50 to $100—compound significantly over time and create financial resilience.
Frequently Asked Questions
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Income Comparison Calculator
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Your income is above the Franklin County median
County median: $45,618 per year
vs. County Median
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vs. State Average
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vs. National Median
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Income Adequacy
Your monthly income ($3,802) vs. median rent ($706/mo). A ratio of 3.3x or higher means rent is under 30% of income.
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.