IncomeBy County

Panola County, Mississippi

Income Data

U.S. Census Bureau ACS
-9% vs. Mississippi average
$43,990
Median Household Income
$24,616
Per Capita Income

At a Glance

Median Household Income
$43,990
-9% vs. state avg
Per Capita Income
$24,616
-38% vs. national
Income-to-Housing Ratio
36.2%
income as % of home value
Rank in Mississippi
#52 / 82
by median household income

Economic Indicators

Unemployment Rate
N/A
Labor Force Participation
N/A

How Panola County Compares

Panola County$43,990
Mississippi Average$48,514
National Median$74,755

Detailed Income Statistics

$43,990
Median Household Income
$24,616
Per Capita Income
$121,500
Median Home Value
36.2%
Income-to-Housing Ratio

Income Advisory: Panola County

Income Verdict

Panola County has a median household income of $43,990 and per capita income of $24,616 — a gap of $19,374, suggesting a higher share of single-earner or non-family households.

Housing Affordability

With median gross rent at $859/month and a median household income of $43,990, rent consumes approximately 23.4% of monthly income — well within affordable thresholds.

Economic Context

A median household income of $43,990 indicates below-average earnings, which may limit discretionary spending and make households sensitive to cost-of-living increases. Per capita income of $24,616 suggests below-average individual earnings, which may reflect local employment mix or industrial composition.

Neighbor Context

Panola County earns approximately 9.3% below the Mississippi state median household income of $48,514.

Data Story

About Household Income in Panola County, Mississippi

Panola earns 41% below national median

Panola County's median household income of $43,990 sits roughly $31,000 below the national median of $74,755, placing it among lower-income rural counties nationwide. The gap reflects limited access to well-paying industries and employment concentration in agriculture and small businesses.

Below Mississippi's state median

At $43,990, Panola County trails Mississippi's state average of $48,514 by about 9%, ranking in the lower tier of the state's 82 counties. The county's per capita income of $24,616 also falls short of the state average of $27,136.

Lower earnings than most peers

Panola County's $43,990 median income trails Neshoba County ($53,087) by over $9,000 and lags Pearl River County ($56,535) significantly. It matches Oktibbeha County ($43,482) and exceeds only Noxubee County ($38,814) in this regional cluster.

Housing costs climb above comfort

Panola County's 23.4% rent-to-income ratio—the second-highest in the cluster—suggests housing costs squeeze household budgets, leaving limited room for other needs. The median home value of $121,500 represents a significant commitment for families earning the county median.

Prioritize debt management first

Panola County households should focus on reducing high-cost debt before investing, given the elevated housing-cost burden. Work with local credit counselors to optimize mortgage terms and explore first-time homebuyer assistance programs that might reduce your effective housing costs.

Frequently Asked Questions

What is the median household income in Panola County, Mississippi?
The median household income in Panola County, Mississippi is $43,990, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. This represents the midpoint of all household incomes in the county.
How much do people earn in Panola County?
The per capita income in Panola County is $24,616, which represents the average income per person across the entire county population. The median household income — which accounts for all earners in a household — is $43,990.
How does Panola County compare to the Mississippi average?
Panola County's median household income of $43,990 is lower than the Mississippi state average of $48,514. The per capita income is $24,616, compared to the state average of $27,136.
What is the per capita income in Panola County, Mississippi?
The per capita income in Panola County, Mississippi is $24,616, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. Per capita income is calculated by dividing total personal income by total population, providing an average income figure per resident.
Is Panola County a low-income area in Mississippi?
Panola County's median household income of $43,990 is below the Mississippi average of $48,514. The per capita income of $24,616 is also lower than the state average of $27,136. Lower incomes can reflect the local economic base, rural vs. urban location, and employment opportunities available in the area.
How does Panola County rank for income in Mississippi?
Panola County ranks #52 out of 82 counties in Mississippi by median household income (1 = highest). With a median household income of $43,990 and per capita income of $24,616, it falls in the middle third of counties statewide.

Income Comparison Calculator

See how your household income compares in Panola County

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1.00x

Your income is above the Panola County median

County median: $43,990 per year

vs. County Median

+0%

vs. State Average

-9%

vs. National Median

-41%

vs. Panola County MedianAbout equal
vs. Mississippi Average▼ 9% below
vs. National Median▼ 41% below

Income Adequacy

Monthly income covers median rent4.3x

Your monthly income ($3,666) vs. median rent ($859/mo). A ratio of 3.3x or higher means rent is under 30% of income.

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Counties with Similar Income Levels

Washington County
Georgia
$44,009
+0%
Monroe County
Arkansas
$43,955
+0%
Tyrrell County
North Carolina
$43,952
+0%
Calhoun County
Mississippi
$43,942
+0%
Dillon County
South Carolina
$44,038
+0%
Estill County
Kentucky
$43,905
+0%
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By Logan Johnson, Founder & Data EditorUpdated Reviewed by Logan Johnson, Founder & Data Editor

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.

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