Table of Contents
What does Mississippi spend most of its budget on?
Revenues come mainly from tax collections, licensing fees, federal aid, and returns on investments. Expenditures generally include spending on government salaries, infrastructure, education, public pensions, public assistance, corrections, Medicaid, and transportation.
How much does Mississippi cost?
Our cost of living indices are based on a US average of 100. An amount below 100 means Mississippi is cheaper than the US average….Mississippi cost of living is 81.1.
| COST OF LIVING | Mississippi | United States |
|---|---|---|
| Health | 101.4 | 100 |
| Housing | 55.6 | 100 |
| Median Home Cost | $141,900 | $291,700 |
| Utilities | 97.1 | 100 |
How much money does Mississippi get from the federal government?
Federal Aid By State 2021
| State | Federal Funding Per Resident | Total Federal Funding |
|---|---|---|
| New Mexico | $8,692 | $31.70 Bn |
| West Virginia | $7,283 | $24.60 Bn |
| Alaska | $7,048 | $13.00 Bn |
| Mississippi | $6,880 | $37.80 Bn |
How does the state of Mississippi make money?
Mississippi’s major sources of revenue are sales taxes, followed by personal and corporate income taxes, gasoline taxes, and gaming income. Local governments derive their greatest income from property taxes. Considerable amounts of federal monies are provided through numerous federal and state agencies.
How much does Mississippi spend on education?
Public Education Spending by State
| State | K-12 Spending |
|---|---|
| State Montana | K-12 Spending $11,561 |
| State West Virginia | K-12 Spending $11,757 |
| State Mississippi | K-12 Spending $9,042 |
| State Kansas | K-12 Spending $11,080 |
How cheap is Mississippi?
Mississippi Mississippi has the lowest cost out of living of all 50 states. Mississippi’s cost of living index is 84.8. At a housing index of 66.7, Mississippi has the lowest housing costs in the country, with the average home price at $128,000 ad the average rent for a two-bedroom apartment at $795 per month.
Why is Mississippi so cheap?
Land availability, low rent prices and access to the Gulf and highways for shipping make Mississippi the least expensive place to live in the U.S., Cole said. According to Cole, rent prices in Mississippi are 37 percent lower than the other 49 states.
What state pays the most federal taxes?
California
Total Federal Taxes Paid by State
| FEDERAL TAXES PAID BY STATE | ||
|---|---|---|
| RANK | STATE | FEDERAL TAXES PAID BY STATE (in thousands) |
| 1 | California | $234,499,671 |
| 2 | New York | $140,510,002 |
| 3 | Texas | $133,417,081 |
What is Mississippi main economy?
Today, agriculture and forestry is Mississippi’s top industry. 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.
Why is Mississippi so unhealthy?
Despite being a leader in telehealth and, historically, childhood vaccinations, Mississippi’s high rate of childhood poverty, obesity and cigarette smoking contributes to it being the unhealthiest state in the country, according to the 2017 America’s Health Rankings report.
How many high school students are in Mississippi?
Number of Schools in Mississippi Compared Nationally
| California | 9821 |
|---|---|
| Ohio | 3507 |
| Michigan | 3181 |
| New Jersey | 2711 |
| North Carolina | 2614 |