Smith County, Mississippi
Income Data
At a Glance
How Smith County Compares
Detailed Income Statistics
Data Story
About Household Income in Smith County, Mississippi
Smith County trails national income
Smith County's median household income of $51,396 falls $23,359 below the national median of $74,755, placing it in the bottom third nationally. This gap reflects broader economic challenges across rural Mississippi counties compared to wealthier metropolitan areas nationwide.
Above average for Mississippi
Smith County ranks above the Mississippi state average, with median household income exceeding the state's $48,514 by roughly $2,900. This positions Smith County in the middle tier of Mississippi's 82 counties for household earnings.
Smith holds steady among peers
Smith County's $51,396 income sits comfortably ahead of struggling Sunflower ($40,265) and Tallahatchie ($37,383) counties but trails wealthier Tate County ($63,995) to the north. Among its regional peers, Smith represents solid middle-ground earning power.
Rent remains manageable here
With a rent-to-income ratio of 15.5%, Smith County households spend less than the recommended 30% threshold on housing, indicating reasonable affordability. The median home value of $114,000 aligns well with local income levels, making homeownership accessible for many families.
Build savings with local income
Smith County residents earning above the median have room to invest in retirement accounts, education funds, and home equity. Consider consulting a financial advisor to maximize low-cost investment vehicles and take advantage of employer retirement matching where available.
Frequently Asked Questions
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Income Comparison Calculator
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Your income is above the Smith County median
County median: $51,396 per year
vs. County Median
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vs. State Average
+6%
vs. National Median
-31%
Income Adequacy
Your monthly income ($4,283) vs. median rent ($664/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.