Sue Honea | Message from the Prez | MageeNews.com

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Simpson County Development Foundation Executive Director Donnie Caughman has been researching Simpson County’s economy for the past year, and his findings include the following data:

Simpson County has seen the job market increase by 0.9% over the last year.  The Jackson Metropolitan Statistical Area average job growth rate for 2019 was 4.8%.

Future job growth over the next ten years is predicted to be 29.4%, which is lower than the U. S. Average of 33.5%.

Tax Rates for Simpson County

The Sales Tax Rate for Simpson County is 7.0%.  The U. S. Average is 7.3%.

The Income Tax Rate for Simpson County is 5.0%.  The U. S. Average is 4.6%.

Income and Salaries in Simpson County

The average income of a Simpson County resident is $18,728 a year.  The U. S. Average is $28,555 a year.

The Median Household Income of a Simpson County resident is $36,097 a year.  The U. S. Average is $53,482 a year.

(From the Simpson County Development Foundation newsletter:  Volume VI, Number 1 (2020))

I don’t know about ya’ll, but when I read these numbers I was shocked.  I had no idea we were not growing at a faster rate.  I had no idea Simpson County had a higher unemployment rate than the US average.

I was not surprised at the job growth.  We don’t have many jobs because we have no industry.  Our future job growth is scary.  Income tax rate for Simpson County is higher than the US average! 

What does all this mean?  We need jobs in our county.  We need money spent in our county.  We need to work hard to improve our county.

I am not one who likes to look on the dark side, but this report is pretty dark.

Hopefully, our SCDF can continue to promote our county and seek jobs for our county.

Economy in Simpson County, Mississippi, 2019

Simpson County has an unemployment rate of 4.4%. The US average is 3.9%.

Simpson County has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 29.4%, which is lower than the US average of 33.5%.

Jackson Metropolitan Statistical Area average job growth rate for 2019 was 4.8%

Tax Rates for Simpson County
– The Sales Tax Rate for Simpson County is 7.0%. The US average is 7.3%.
– The Income Tax Rate for Simpson County is 5.0%. The US average is 4.6%.
– Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Simpson County
– The average income of a Simpson County resident is $18,728 a year. The US average is $28,555 a year.
– The Median household income of a Simpson County resident is $36,097 a year. The US average is $53,482 a year.

 ECONOMY Simpson, Mississippi United States
  Unemployment Rate 5.6% 3.7%
  Recent Job Growth 0.9% 1.6%
  Future Job Growth 29.4% 33.5%
  Sales Taxes 7.0% 6.2%
  Income Tax 5.0% 4.6%
  Income per Cap. $19,336 $31,177
  Household Income $37,591 $57,652
  Family Median Income $42,271 $70,850
  POPULATION BY OCCUPATION
  Agriculture, forestry, fishing, hunting 2.4% 1.3%
  Mining, quarrying, oil and gas extraction 3.3% 0.6%
  Construction 7.5% 6.2%
  Manufacturing 12.9% 10.4%
  Wholesale trade 2.6% 2.7%
  Retail trade 10.9% 11.6%
  Transportation and warehousing 6.2% 4.1%
  Utilities 0.9% 0.9%
  Information 0.7% 2.1%
  Finance and insurance 4.7% 4.7%
  Real estate, rental, leasing 1.0% 1.9%
  Professional, scientific, technical services 1.8% 6.7%
  Management of companies 0.0% 0.1%
  Administrative, support, waste mgt svcs 2.0% 4.3%
  Educational services 7.8% 9.3%
  Health care and social assistance 17.1% 13.8%
  Arts, entertainment, recreation 0.3% 2.2%
  Accommodation, food services 6.6% 7.4%
  Other services 6.3% 4.9%
  Public administration 4.9% 4.8%

 

 

 

 

MageeNews.com is an online news site covering Simpson and surrounding counties as well as the State of Mississippi.

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