51 Mississippi Business Stats & Facts For 2025

Here are 51 business stats about Mississippi for 2025.

Basics:

Population: 2,939,690 (US Census 2020)
Population desnity per square mile: 63.10
GDP: $146,401 (millions USD)
GDP Per Capita: $49,911
Median household income (in 2022 dollars): $52,985
Real GDP Growth Rate: 0.70%
Total Employment: 1.2m
Unemployment Rate: 3.3%

Rankings

% Share of National Economy: 0.54%
State Economic Growth Rank (out of 50): 36
Population Growth Rank (out of 50): 48
Business Growth Rank (out of 50): 26
State Growth Rank in Employment (out of 50): 3

Biggest Industries In Mississippi By Revenue

1. Hospitals: $12.1b
2. Petroleum Refining: $10.3b
3. New Car Dealers: $7.8b
4. Gas Stations with Convenience Stores: $7.5b
5. Electric Power Transmission: $7.2b
6. Commercial Banking: $6.9b
7. Meat, Beef & Poultry Processing: $6.1b
8. Pharmacies & Drug Stores: $4.8b
9. Life Insurance & Annuities: $4.6b
10. Supermarkets & Grocery Stores: $4.6b

Biggest Employers In Mississippi

1. Walmart Inc.: 25,628 (2.2%)
2. State Of Mississippi: 25,000 (2.1%)
3. Toyota Motor Corp: 8,700 (0.7%)
4. Amazon.Com, Inc.: 7,500 (0.6%)
5. North Mississippi Health Services: 7,200 (0.6%)
6. Nissan Motor Co. Ltd.: 6,000 (0.5%)
7. Sanderson Farms, Incorporated: 4,643 (0.4%)
8. Milwaukee Electric Tool Corporation: 4,400 (0.4%)
9. University of Mississippi: 3,500 (0.3%)
10. The Home Depot, Inc.: 3,070 (0.3%)

Small Businesses In Mississippi

Number of Small Businesses 266,385
Percent of bossiness that are small businesses: 99.30%
Number of employees: 432,187
Share of Employment: 45.50%
Number of New Businesses In The Past Year: 7,508
Number of Businesses That Closed In The Past Year: 5,524
Net Change In New Businesses: 1,984

Number of Businesses With No Employees: 224,163
Number of Businesses with 1-19 Employees: 36,916
Number of Businesses with 20-499 Employees: 5,306
Share of Businesses Owned By Women: 45.30%
Share of Businesses Owned By Veterans: 7.60%
Share of Hispanic Owned Businesses: 2.30%
Share of Businesses Owned By Racial Minorities: 32.40%

Fortune 500 Companies In Mississippi

Number of Fortune 500 Headquaters: N/A
Biggest Company: N/A
Biggest Company Type: N/A
Number of Employees: N/A
Revenue (in millions): N/A

Taxes In Mississippi

State Corporate Tax Rate:

• 4.00%
• 5.00%

State Corporate Tax Rate Brackets:

• $5,000
• $10,000

State Sales Tax Rate: 7.00%
State Sales Tax Rank (out of 50): 2
Average Local Sales Tax Rate: 0.06%
Max Local Sales Tax Rate: 1.00%
Average Combined Sales Tax Rate: 7.06%
Combined Sales Tax Rank (out of 50): 22

Minimum State Income Tax Rate If You’re Single: 5.00%
Minimum State Income Tax Rate If You’re Married: 5.00%

General Mississippi Population Facts

In civilian labor force, total, percent of population age 16 years+: 56.70%
In civilian labor force, female, percent of population age 16 years+: 53.60%
Share of population which is foreign born: 2.30%
Mean travel time to work (minutes), workers age 16 years+: 25.4

Housing

Number of Housing Units: 1,350,642
Owner-occupied housing unit rate: 69.20%
Median value of owner-occupied housing units: $151,000
Median gross rent per month: $896
Households with a computer: 90.00%
Households with a broadband Internet subscription: 80.00%

Education

High school graduate or higher, percent of persons age 25 years+: 86.20%
Bachelor’s degree or higher, percent of persons age 25 years+: 23.90%

Also See

• Mississippi Registered Agent Services
• Mississippi Secretary of State Business Search
• How To Form an LLC In Mississippi
• Mississippi Bookkeepers & Bookkeeping Services

Sources

• https://en.wikipedia.org/wiki/List_of_U.S._states_and_territories_by_GDP
• https://en.wikipedia.org/wiki/Economy_of_Mississippi
• https://www.ibisworld.com/united-states/economic-profiles/mississippi/
• https://taxfoundation.org/data/all/state/2024-sales-taxes/
• https://taxfoundation.org/data/all/state/state-corporate-income-tax-rates-brackets-2024/
• https://taxfoundation.org/data/all/state/state-income-tax-rates-2024/
• https://advocacy.sba.gov/2023/11/14/2023-small-business-profiles-for-the-states-territories-and-nation/
• https://advocacy.sba.gov/wp-content/uploads/2023/11/2023-Small-Business-Economic-Profile-MS.pdf
• https://www.bls.gov/eag/
• https://www.bls.gov/regions/southeast/mississippi.htm#eag
• https://www.census.gov/quickfacts/fact/table/MS,US/PST045223
• https://www.50pros.com/fortune500