Is $55k a Good Salary in Mississippi?

A $55k annual salary in Mississippi takes home $3,722/month after federal tax, FICA, and Mississippi state income tax. With average 1BR rent at $800/month, you're left with $2,922/month for everything else.

Verdict
Comfortable

A $55,000 salary gives you solid financial breathing room in Mississippi. After taxes and a typical 1BR rent, you have meaningful money left for savings, food, transport, and discretionary spending.

Monthly Take-Home
$3,722
Avg 1BR Rent (Jackson)
$800
After Rent
$2,922
Rent % of Take-Home
21%

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Verdict
monthly take-home
after rent ($800/mo)
net hourly

Federal Income Tax
FICA (SS + Medicare)
Mississippi State Tax
Net Annual
See full after-tax breakdown for Mississippi →

$55k Salary After Tax in Mississippi

ItemAmount
Gross Annual$55,000
Federal Income Tax−$4,420
FICA (SS + Medicare)−$4,208
Mississippi State Income Tax−$1,708
Net Annual Take-Home$44,665
Net Monthly$3,722
Net Hourly$21/hr
Effective Tax Rate18.8%

Sample Monthly Budget — $55k in Mississippi

Here's how a $55k take-home of $3,722/month might realistically break down in Mississippi:

CategoryMonthly% of Take-Home
🏠 Rent (1BR) $800 21%
🛒 Food & Groceries $447 12%
🚗 Transport $372 10%
💡 Utilities $120 3%
🎯 Other / Discretionary $300 8%
💰 Savings (estimated) $1,683 45%

Note: Budget estimates are illustrative. Actual costs vary by city, lifestyle, and household size.

Cost of Living in Mississippi

Overall COL Low
  • Average 1BR rent in Jackson: $800/month
  • Rent as % of your take-home: 21% (healthy)
  • Minimum comfortable annual net for Mississippi: $29,000
  • Your net annual take-home: $44,665
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Is $55k Good in Other States?

Other Salaries in Mississippi

→ See $55k take-home ranked across all 50 states