Panola County, Mississippi
Income Data
At a Glance
How Panola County Compares
Detailed Income Statistics
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
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Income Comparison Calculator
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Your income is above the Panola County median
County median: $43,990 per year
vs. County Median
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vs. State Average
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vs. National Median
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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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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.