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EconPulse

Local economy signal dashboard

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PLACEStable

Inverness, MS

Stable overall. Federal Funds is the clearest support signal, while gdp / output needs the most attention. Housing reads as affordable for a median-income household.

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Overall score52out of 100
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0
75
0
83
89

Population

740

Data freshness

Unknown

GDP / Output

-8.6% YoY

0

$862.7M

Output changed -8.6% in 2024.

Vintage date unknown

State growth4.4%
U.S. growth5.3%

Jobs

Unemployment rate

75

3.4%

Unemployment is 3.4% for Latest available.

Vintage date unknown

State avg5.8%
U.S. avg5.2%
BLS local unemployment unavailable; Census ACS fallback used if available.

Population

-11.9% 5-year

0

740

Population moved -11.9% over the latest ACS window.

Vintage date unknown

State population2,946,779
U.S. population334,922,499

Housing

Rent share of income

83

11.9%

Median rent consumes 11.9% of median household income: Affordable.

Vintage date unknown

State rent$954
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$6.7K per resident

89

$174.0M

$174.0M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$38.6B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$174.0M

$6.7K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$116.6M
2. Department of Agriculture$39.4M
3. Department of Veterans Affairs$9.8M

Top recipients

Dollars
1. REDACTED DUE TO PII$22.0M
2. MISSISSIPPI DEPARTMENT OF TRANSPORTATION$4.7M
3. STEWARD LINK LLC$992.9K

Affordable

Housing Affordability

11.9%

of median income

1BR estimate$476
2BR estimate$626
Median income$58,250
Median home value$142,700

ACS context

Quick Facts

Population

740

Median age

40.8

Bachelor's degree+

22.2%

Poverty rate

18.1%

Labor force participation

60.1%

Prime rate

7.0%

CPI YoY

+3.0%

U.S. GDP YoY

+6.6%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-09-17

HUD Fair Market Rent

Latest available

Data notes
  • BLS local unemployment unavailable; Census ACS fallback used if available.
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

-2.5%

GDP CAGR

+3.6%

Federal flow

5 years

Population (5 years)
2020840
2021928
2022939
2023757
2024740
GDP (5 years)
2020$723.6M
2021$824.2M
2022$855.1M
2023$944.1M
2024$862.7M

2-year linear forecast

Predictive Outlook

Population forecast

2024740
2025730 *
2026692 *

R² = 40.0% · * projected

GDP forecast

2024$862.7M
2025$961.3M *
2026$1.0B *

R² = 62.5% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$58,250/yr
Median rent$580/mo
Rent share of income11.9%
Est. mortgage (30yr, 6.5%)$8,659/yr
Mortgage share of income14.9%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate3.4%
State avg5.8%
U.S. avg5.2%
Labor force participation60.1%
Poverty rate18.1%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$142,700
Median monthly rent$580
Price-to-rent ratio20.5x

High price-to-rent ratio — renting may be more economical than buying in this market.

composite score

Investment Climate

Investment climateWeak
Composite score32/100
Economic growth0/100
Labor market75/100
Population momentum0/100
Overall stability52/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Inverness town, Mississippi

City/Town

Part of

Mississippi

Nearby locations

Isola, MSIndianola, MSMoorhead, MSBelzoni, MSSunflower, MS