Income

Household Income (HHI)

Median HHI - $56,360

With a Median Household Income of $56,360 the Jackson, MS Market ranks 155th across STI Markets.

Average HHI - $79,019

The Average Household Income is $79,019 for which this market ranks 146th.

Income Distribution

Figure 37: Income Distribution

Income Distribtuion Line

Below the multi-colored line represents the same data for household income in the Jackson, MS market, but more equally lays out the distribution of population versus the income level, correcting for differences in size of income ranges. You will also notice that after 200k the income ranges are scaled down so the focus is more centered on the more numerous Households making under 200k. The black line represents the National Income Distribution for comparison.

Figure 38: Income Distribution Line

Income Inequality - High

The distribution of Household Income in the Jackson, MS market can be considered High with a Gini coefficient of 0.463. This market ranks 11th in Household Income Inequality across all STI Markets.

Average Household Income by Census Tract

The interquartile range of Average Household Income across the market’s Census Tracts, that is its 25th percentile and 75th percentile values, are $55,077 and $85,384, respectively.

Figure 39: Household Income Thematic

HH Income by Age of Head of Householder

Distribtion Comaprison

Figure 40: Income Distribution Line

HHI Age under 25 - $48,496

With an Average Household Income for those head of householders aged under 25 of $48,496 the Jackson, MS market ranks 139th across STI Markets.

Figure 41: HHI 00to25 Thematic

HHI Age 25 to 45 - $82,103

With an Average Household Income for those head of householders aged 25 to 45 of $82,103 the Jackson, MS market ranks 151st across STI Markets.

Figure 42: HHI 25to45 Thematic

HHI Age 45 to 65 - $88,832

With an Average Household Income for those head of householders aged 45 to 65 of $88,832 the Jackson, MS market ranks 149th across STI Markets.

Figure 43: HHI 45to65 Thematic

HHI Age 65 plus - $65,981

With an Average Household Income for those head of householders aged 65 and over of $65,981 the Jackson, MS market ranks 144th across STI Markets.

Figure 44: HHI 65over Thematic

HH Income by Age of Head of Householder

Distribtion Comaprison

Figure 45: Income Distribution Line

HHI White - $96,404

With an Average Household Income for those head of householders Non-Hispanic White of $96,404 the Jackson, MS market ranks 94th across STI Markets.

Figure 46: HHI white Thematic

HHI Black - $60,039

With an Average Household Income for those head of householders identifying as Non-Hispanic Black of $60,039 the Jackson, MS market ranks 135th across STI Markets.

Figure 47: HHI black Thematic

HHI Asian - $111,336

With an Average Household Income for those head of householders identifying as Non-Hispanic Asian of $111,336 the Jackson, MS market ranks 72nd across STI Markets.

Figure 48: HHI asian Thematic

HHI Other - $69,483

With an Average Household Income for those head of householders identifying as Non-Hispanic Other of $69,483 the Jackson, MS market ranks 154th across STI Markets.

Figure 49: HHI other Thematic

HHI Hispanic - $73,932

With an Average Household Income for those head of householders identifying as Hispanic of $73,932 the Jackson, MS market ranks 143rd across STI Markets.

Figure 50: HHI hispanic Thematic

Disposible Income - $63,273

Disposable income is defined here as Household Income after accounting for Federal, State, and Local taxes. The Average Household Disposable Income is $63,273 which ranks 149th across STI Markets.

This is a drop of $15,746, or 19.93%, overall this percentage drop ranks 114th across STI Markets.

Figure 51: Disposible Income VS HH Income

Purple = 15% decrease, Blue = 25% decrease, Green = 35% decrease, Orange = 45% decrease, Red = 55% decrease

Discretionary Income - $45,832

Discretionary income goes a step further. It takes Disposable Income, which already accounts for taxes, and accounts for the typical cost of Food, Housing, and Clothing. The Average Household Discretionary Income is $45,832 which ranks 147th across STI Markets.

This is a drop of $33,187, or 42%, overall this percentage drop ranks 116th across STI Markets.

Figure 52: Discretionary Income VS HH Income

Purple = 15% decrease, Blue = 25% decrease, Green = 35% decrease, Orange = 45% decrease, Red = 55% decrease

Labor

Housing