Mississippi Financial Snapshot

At a Glance
  • Nickname: The Magnolia State
  • Population: 2.99 million
  • Capital: Jackson
  • Website: www.ms.gov

With a median household income of only $44,717, Mississippi is well below the national average of $61,937. Not only is the median household income one of the lowest in the nation, Mississippi also had the highest rate of people living below the poverty line in 2019: 19.7%.

Average Credit Card Debt and Median Household Income in Mississippi vs. the U.S.
The U.S.
Average Credit Card Debt (Q2 2019)
Median Household Income (2018)

Payday Loans in Mississippi

Payday loans are short term loans generally for $500 or less.

Mississippi has one of the highest concentrations of licensed payday lenders in the U.S.

Consumer Protection in Mississippi

How to Report a Lender in Mississippi

Borrowers can contact the Mississippi Department of Banking and Consumer Finance to file a complaint.

The Mississippi Department of Banking and Consumer Finance

  • Address: P.O. Box 12129 Jackson, MS 39236-2129
  • Phone: (601) 321-6901


Guides to Payday Loans in Mississippi

Check out this payday loan guides for the following cities in Mississippi…