Mississippi charges 4.7-5% state income tax. Use the cost of living calculator pre-loaded with Mississippi rates.
Open Cost of Living Calculator →Mississippi's cost of living index is 83, and the graduated (4.7-5%) state tax further affects how far your dollar goes. The low cost of living partially compensates for state taxes, making Mississippi affordable despite the tax burden. This calculator factors in both taxes and cost of living for Mississippi.
Mississippi uses a graduated income tax with brackets ranging from 4.7-5%. Lower income is taxed at lower rates, with the 5% top rate applying only to income in the highest bracket. This progressive structure means your effective state tax rate is always lower than the top marginal rate. Mississippi does not have local income taxes, so the state graduated rate is the total state-level income tax burden.
The table below shows what you actually keep at five salary levels in Mississippi, accounting for federal tax, FICA, and Mississippi's graduated (4.7-5%) state tax.
See how Mississippi compares to other South states. Each link takes you to the cost of living calculator landing page for that state.
For a comprehensive breakdown of Mississippi’s tax structure, salary comparisons, cost-of-living analysis, and more, visit the full Mississippi take-home pay page.