Moving to Mississippi

Are You Moving To Mississippi?

Mississippi offers an excellent quality of life with stunning natural scenery, outdoor recreational opportunities, cultural events and education, friendly people, and diverse attractions. Hiking, boating, and camping are available at parks and public lands throughout the state. Art and history museums dot the landscape, and acclaimed Mississippi authors frequently make appearances for public readings. International performers entertain audiences in convention centers, auditoriums, theaters, and casinos.

Mississippi is an exciting state full of natural beauty, historic landmarks, and cultural attractions. This state is known as both the Magnolia State and the Hospitality State, giving a hint of the warm reception you’ll get when visiting Mississippi. When it comes to travel destinations, most states seem to get a lot more attention than Mississippi, but when you visit, not only will you enjoy an incredibly warm welcome, but you’ll have the chance to sample delicious southern home-cooked meals, fantastic blues tunes, the powdery shores of the Gulf Coast and a whole lot more.

Mississippi is a melting pot of people from around the world, and new friends are always welcome. Living in Mississippi puts residents at a confluence of Southern charm, innovation, and cutting-edge culture. Mississippi’s temperate climate and abundance of waterways make it a popular location for outdoor lovers.

If you’re moving to Mississippi, there are a lot of things you’re going to need to know. Luckily, you’ve come to the right place.

Moving to Florida

Moving to Florida Pros and Cons

Here are a few pros and cons to consider as you make your move to The Magnolia State:

Pros.

1.Low cost of living: With a cost of living index of only 81, you can enjoy living expenses (including housing costs) that are at least 15–20% less expensive than the United States average.

2.Great outdoors: From beautiful bayous to surreal swamps, to majestic magnolia trees, to balmy beaches and the mighty Mississippi River, this state is a sportsman and nature lover’s paradise.

3.Affordable education: Home to 50+ colleges, universities, and technical schools, the southern state offer very reasonable tuition at top-rated schools like the University of Mississippi.

Cons.

1.Hurricanes and tornadoes: Mississippi consistently ranks in the Top 10 states most prone to natural disasters, like storms and twisters. Also, summer is intensely hot and steamy.

2.Weak Economy: With the lowest median income in the nation (along with high poverty rates, lack of jobs, and food insecurity), the state doesn’t offer great economic opportunity.

3.Poor healthcare: Rated from questionable to utterly dismal, health care isn’t exactly stellar here. The state, however, is taking great strides to offer affordable and accessible options.

Tax Rates

The Mississippi state government collects several types of taxes. The most significant are its income and sales taxes. The personal income tax, which has a top rate of 5%, is slightly lower than the national average for state income taxes. However, the statewide sales tax of 7% is slightly above the national average.

In tax year 2021, only $1,000 in marginal income will be subject to the 3 percent rate, with the other $1,000 exempt. Starting in 2022, only the 4 percent and 5 percent rates will remain, with the first $5,000 of income exempt from taxation (up from $3,000).

Housing Market

The typical home value of homes in Mississippi is $140,771 according to Zillow. This value is seasonally adjusted and only includes the middle price tier of homes. Mississippi home values have gone up 7.6% over the past year.

What Should I Know In 2021?

Economy Outlook

Although there has been significant improvement in employment and compensation in Mississippi since the mid-20th century, growth at the regional and national levels has been proportionately greater; consequently, in the early 21st century the state remained disadvantaged economically, with a per capita gross product that was among the lowest in the country. Manufacturing and services—primarily government (federal, state, and local), retail and wholesale trade, real estate, and health and social services—are the largest sectors of the state’s economy. The services sector has expanded particularly rapidly since the late 20th century.

Mississippi’s economy became less dependent on agriculture in the second half of the 20th century, and the number of farms and farm acreages declined significantly. By the early 21st century the sector represented only a tiny share of the state’s gross product and employed an even smaller segment of the population. Cotton, once king of Mississippi’s agricultural sector, now shares its reign with livestock, catfish from aquaculture, poultry, and various crops such as soybeans and sweet potatoes.

Petroleum and natural gas account for the great bulk (in volume and in value) of all minerals produced in Mississippi.

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Traffic & Transportation

Mississippi has four major interstates running through it, and this makes it very easy to travel through the state, using the main highway. The Interstate runs through every city and most of the small towns.  JATRAN is the transit system for Jackson, and it functions every hour or half-hour in during the weekdays and every hour on Saturdays.  Unfortunately, there is no service on Sundays or during the evenings.

Mississippi is not up to the standards of other states, and sometimes, you may feel this disadvantage if you hail from a city with updates and regular forms of public transport.  There are no light rails, trams or commuter trains in the state. Only city bus services are available because the state funds can’t afford more and the demand is less as well.

Mississippi has two international airports; Jackson- Evers International Airport and Gulfport- Biloxi International Airport.

Amtrak provides passenger service between Crescent and City of New Orleans.

Cost of living

Mississippi is a wonderful place to live. The state is filled with amazing cities that have topped national lists for things like livability, safety, job growth, and more.

The cheapest state to live in in the United States is Mississippi. Jackson, MS is 23.55% less expensive than New York. Family of four estimated monthly costs are 3,587.34$ without rent. A single person estimated monthly costs are 1,025.28$ without rent, and childcare in Jackson, MS is the cheapest in the country, costing about $4,500 a year. Food, health care, and many other necessities are among the least expensive in the nation.

But the downside is, the average salary is quite low as well. Jackson city has the highest annual wages, and Meridian city has the lowest. Mississippi also has the lowest per capita income out of all states, but also the nation’s lowest living costs. In spite of the low-income rates, Mississippians rank as one of the highest per capita in charitable contributions.

Moving to Mississippi

Things to Know When Moving to Mississippi

Mississippi Climate

Mississippi is located in the humid subtropical climate region, characterized by temperate winters; long, hot summers; and rainfall that is fairly evenly distributed through the year. ... Freezing temperatures reach the Gulf coast almost every winter.

Employment

In May 2021, the number of employed Mississippians rose over the month by 300 to 1,201,800. The number of unemployed Mississippians decreased by 1,000 over the month to 78,500.

Real Estate

Median home value in Mississippi is $126,837 and the average market rent $977/ per month.

Average Income

As of Jun 21, 2021, the average annual pay for the Average jobs category in Mississippi is $62,497 an year.

Industries

Mississippi produces more than half of the country's farm-raised catfish, and it is also a top producer of sweet potatoes, cotton, and pulpwood.

Crime Rankings

Florida has ranked 18th of 50 states in violent crime, with a total of less that 430 violent crimes for every 100,000 people in the states.

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