Through the years, income inequality has become even more prominent in the last few years. As the wealthiest counties in Mississippi increase their profits, they surpass the lower 20% of incomes by almost 14 times the salary. Through the last 50 years, this inequality has created difficulty in some communities, while allowing the wealthy to have up to 14 times the amount of income. Here are some of the wealthiest counties, along with a peek at the people who live there.
What Is the Wealth Index?
To understand the importance of wealth in these rankings, you must first understand what the wealth index is. This metric measures the growing cost of living for the average household. It uses data on assets and the materials for the construction of local homes. With all of these factors, there are 10 counties that seem to have the highest wealth index in Mississippi .
Wealthiest Counties Of Mississippi
Madison County
With over 42,000 households, Madison County has the highest wealth index of any county in Mississippi. It has a population of 109,813, including a handful of famous residents. Tate Ellington and Sonny Landreth are just a few famous people from this wealthy county. Cat Cora, Candice Patton, And Parys Haralson all live in this county as well. Many residents work in the medical field to add to the local economy, making up to $283,000 annually.