by Kristen Carney
Updated: December 17, 2024
The richest city in Mississippi is Mantachie in Itawamba County with an average household income of $227,445 as of 2023. While exceptionally affluent, Mantachie only has a population of 1,140 as of 2023. The richest city in Mississippi with at least 5,000 people is Madison in Madison County with an average household income of $173,819 as of 2023 and 27,987 people as of 2023 according to the most current Census data available (citation).
Rank | City | County | Population | Average Income | Median Income |
---|---|---|---|---|---|
1 | Mantachie | Itawamba | 1,140 | $227,445 | $81,818 |
2 | Big Point | Jackson | 860 | $192,789 | $114,067 |
3 | Madison | Madison | 27,987 | $173,819 | $120,918 |
4 | Bridgetown | DeSoto | 2,955 | $149,720 | $127,917 |
5 | Mooreville | Lee | 2,052 | $135,478 | $143,681 |
6 | Bond | Stone | 364 | $131,743 | $48,580 |
7 | Gluckstadt | Madison | 3,308 | $126,860 | $118,577 |
8 | Oak Grove | Lamar | 2,200 | $123,257 | $105,069 |
9 | Mantee | Webster | 241 | $118,451 | $93,875 |
10 | Isola | Humphreys | 590 | $117,394 | $40,313 |
11 | Bay St. Louis | Hancock | 10,511 | $115,830 | $70,082 |
12 | Arkabutla | Tate | 202 | $113,304 | $123,875 |
13 | Agricola | George | 281 | $112,924 | $78,462 |
14 | Beechwood | Warren | 3,708 | $112,015 | $88,653 |
15 | Olive Branch | DeSoto | 47,029 | $109,963 | $98,421 |
16 | Lena | Leake | 154 | $109,669 | $93,750 |
17 | Brandon | Rankin | 25,719 | $107,652 | $93,073 |
18 | Pass Christian | Harrison | 6,255 | $107,314 | $74,302 |
19 | Woodland | Chickasaw | 114 | $107,223 | -$1 |
20 | Ridgeland | Madison | 24,459 | $105,120 | $63,470 |
We usually suggest using median income data – either instead of or in addition to – average income data as a true indicator of wealth. If you haven’t thought about median versus average since your last standardized test, you aren’t alone. Here’s what they are:
Now let’s say you had the following simplified set of income data.
Household 1: $30,000
Household 2: $50,000
Household 3: $1,000,000
The average income for this set is $360,000. The outlier data point ($1,000,000) skews the average WAY up. Conversely, the average income would be skewed WAY down if someone had an income of $500. The median income for the same data set is $50,000. Outlier data doesn’t skew the median.
So most business owners should use the median income as a true indicator of wealth, because it provides a more accurate representation of a typical income, especially in areas with significant income disparity.
If your target market is high-income households, the average income may be more relevant. This is because the average income can highlight the presence of a higher concentration of wealthy individuals, which is beneficial for luxury goods and services marketing. We’re using average income on this page because using the Census’s highest reported median value of $250,001 could result in multiple ties for the richest geography.
The Census' American Community Survey uses $250,000+ as a jam value for median income estimates to protect privacy, ensure data consistency, and simplify reporting. A "jam value" in survey data refers to a placeholder or default value used when actual data points are unavailable, incomplete, or exceed certain thresholds. We represent this jam value as $250,001 to make it easy for you to sort.
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United States Census Bureau. Annual Estimates of the Resident Population: April 1, 2020 to July 1, 2023. U.S. Census Bureau, Population Division. Web. May 2024. http://www.census.gov/.
United States Census Bureau. B01001 SEX BY AGE, 2023 American Community Survey 5-Year Estimates. U.S. Census Bureau, American Community Survey Office. Web. 12 December 2024. http://www.census.gov/.
United States Census Bureau. B19013 Median Household Income, 2023 American Community Survey 5-Year Estimates. U.S. Census Bureau, American Community Survey Office. Web. 12 December 2024. http://www.census.gov/.
United States Census Bureau. “DP03 SELECTED ECONOMIC CHARACTERISTICS.” 2023 American Community Survey 5-Year Estimates. U.S. Census Bureau, American Community Survey Office. Web. 12 December 2024. http://www.census.gov/.
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