Mississippi Taxes, Wages and Living Costs (2026)

Mississippi has a flat income tax rate of 4%, the 24th highest combined sales tax (7.06%) and the federal $7.25 minimum wage as of 2026.

State income tax
4%
Flat rate
Combined sales tax
7.06%
7.00% state + 0.06% avg. local
Minimum wage
$7.25
Federal floor applies
Property tax
0.58%
Effective rate on home value
Electricity
14.54¢/kWh
Residential average, July 2026

What It Adds Up To

$7,583 a year: that is roughly what a Mississippi homeowner earning $75,000 pays in state income tax ($2,508), sales tax on $25,000 of purchases ($1,765), property tax on a $300,000 house ($1,740) and electricity at 900 kWh a month ($1,570).

Mississippi Income Tax in 2026

Mississippi uses a single flat rate. Single filers' standard deduction: $2,300. On $50,000 of wages, a single filer's Mississippi tax works out to about $1,508 (3.0% of wages); on $100,000 it is about $3,508 (3.5%). Source: Tax Foundation, January 1, 2026.

RateSingle filersMarried filing jointly
0%over $0over $0
4%over $10,000over $10,000

Take-Home Pay in Mississippi

Estimated 2026 take-home pay for a single filer with no pre-tax deductions, using the federal brackets and $16,100 standard deduction, Social Security and Medicare, and Mississippi's brackets above. Open the paycheck calculator set to Mississippi to add a 401(k), change pay frequency or filing status.

SalaryFederal taxFICAState taxTake-home (year)Per biweekly check
$50,000$3,820$3,825$1,508$40,847$1,571
$75,000$7,670$5,738$2,508$59,084$2,272
$100,000$13,170$7,650$3,508$75,672$2,910

Sales Tax

The state rate is 7.00% and local governments add 0.06% on average, for a combined 7.06%, 24th highest of the 50 states and D.C. (median 7.00%). A $1,000 purchase carries about $71 in sales tax at the average combined rate. Source: Tax Foundation, July 1, 2026.

Minimum Wage

Mississippi follows the federal minimum of $7.25 an hour (Mississippi has no state minimum wage above the federal level, so the federal rate applies to employers covered by the Fair Labor Standards Act), which is $15,080 a year for full-time work (2,080 hours). Source: U.S. Department of Labor, July 1, 2026.

Property Tax

Homeowners in Mississippi paid property taxes equal to 0.58% of home value on average, the 15th lowest effective rate (median state 0.79%). On a $300,000 home that is about $1,740 a year, or $145 a month in escrow. Source: Tax Foundation (Census ACS data), 2024 data.

Electricity Prices

Residential electricity averaged 14.54¢ per kWh in July 2026, the 12th lowest of the 50 states and D.C. (median 16.09¢). A household using 900 kWh a month would pay about $131 before fixed charges. Source: U.S. EIA, July 2026 data.

Mississippi Compared with Its Neighbors

Among the 4 states it borders, Mississippi has the lowest combined sales tax of its neighbors (7.06%) and the highest property tax rate of its neighbors (0.58%).

StateTop income taxSales taxMin. wageProperty taxElectricity
Mississippi4%7.06%$7.250.58%14.54¢
Alabama5%9.46%$7.250.37%16.40¢
Arkansas3.9%9.48%$11.000.56%14.33¢
Louisiana3%10.13%$7.250.55%12.72¢
TennesseeNone9.61%$7.250.52%13.71¢

Mississippi figures use statewide averages and skip credits, exemptions and local income taxes; check Mississippi revenue and labor department sites before filing or hiring.

💰 Finance & Tax Calculators
🏦
Mississippi Income Tax Calculator
Mississippi brackets, top rate 4%
MS rates
🏠
Mortgage Calculator
Payment plus Mississippi property tax at 0.58%
💵
Home Affordability
Budget with 0.58% property tax
💰
Salary Converter
Hourly to annual; Mississippi minimum $7.25
🧾
Federal Tax Estimator
Federal 2026 tax plus 4% top Mississippi rate
🏖
Retirement Calculator
Plan around Mississippi 4% top income tax
⚖ Legal Reference Calculators
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Small Claims Calculator
Mississippi limit: $3,500
MS limits
⏰
Statute of Limitations
Filing deadlines for Mississippi legal claims
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Workers' Comp Estimator
Estimate Mississippi workers' compensation benefits
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Alimony Estimator
Spousal support estimates for Mississippi

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