Mississippi Slowing Down

Mississippi Slowing Down

If you’ve been paying attention to the news, you probably already know that Mississippi has been consistently listed as one of the poorest states in the country.  That usually means that not many people want to actually move to Mississippi.

Knowing that Mississippi is one of the poorest states, it makes sense that the state was hit hard when the recession bared its nasty teeth.  Right now, Mississippi is really working hard to make a comeback – or at least get back on its feet.  So, it might be worth considering relocating to Mississippi.

Every person living in the state of Mississippi makes up about $29,000 of the state’s overall economy.  That happens to be the lowest in the nation.  Due to this, many of the state’s residents are hit hardest when gas prices rise.  Most residents live in rural areas and must drive long distances.

Some of the driving forces in Mississippi’s economy are construction and manufacturing.  These sectors took a major dive in 2010.  However, the recent growth in the auto-making industry and retail has also helped the state’s growth move along.

Currently, Mississippi’s GDP is at about $87 billion and the growth rate for last year was 1.1%.  While Mississippi wasn’t the slowest growing state in the last year, it was one of the slowest.  If you are considering relocating to Mississippi, it will do a world of good for you to research your employment and housing options carefully first.

Jon Huser