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EconPulse

Local economy signal dashboard

Saved
PLACEStrained

Okolona, MS

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

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Overall score31out of 100
Compare
28
0
11
62
87

Population

2,430

Data freshness

Unknown

GDP / Output

-1.6% YoY

28

$573.9M

Output changed -1.6% in 2024.

Vintage date unknown

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

Jobs

Unemployment rate

0

13.8%

Unemployment is 13.8% for Latest available.

Vintage date unknown

State avg5.8%
U.S. avg5.2%

Population

-6.6% 5-year

11

2,430

Population moved -6.6% over the latest ACS window.

Vintage date unknown

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

Housing

Rent share of income

62

26.8%

Median rent consumes 26.8% 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

$6.5K per resident

87

$110.4M

$110.4M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$38.5B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$110.4M

$6.5K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$96.4M
2. Department of Veterans Affairs$9.2M
3. Department of Agriculture$3.5M

Top recipients

Dollars
1. REDACTED DUE TO PII$3.0M
2. CHICKASAW COUNTY SCHOOL DISTRICT$913.9K
3. OKOLONA HOUSING AUTHORITY$395.3K

Affordable

Housing Affordability

26.8%

of median income

1BR estimate$477
2BR estimate$629
Median income$26,042
Median home value$92,200

ACS context

Quick Facts

Population

2,430

Median age

35.5

Bachelor's degree+

8.6%

Poverty rate

43.2%

Labor force participation

48.7%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-30

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

-1.4%

GDP CAGR

+1.4%

Federal flow

5 years

Population (5 years)
20202,601
20212,590
20222,597
20232,623
20242,430
GDP (5 years)
2020$536.5M
2021$591.7M
2022$593.3M
2023$583.1M
2024$573.9M

2-year linear forecast

Predictive Outlook

Population forecast

20242,430
20252,476 *
20262,445 *

R² = 39.0% · * projected

GDP forecast

2024$573.9M
2025$595.5M *
2026$602.1M *

R² = 20.3% · * 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$26,042/yr
Median rent$582/mo
Rent share of income26.8%
Est. mortgage (30yr, 6.5%)$5,595/yr
Mortgage share of income21.5%

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

employment snapshot

Job Market

Unemployment rate13.8%
State avg5.8%
U.S. avg5.2%
Labor force participation48.7%
Poverty rate43.2%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$92,200
Median monthly rent$582
Price-to-rent ratio13.2x

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

composite score

Investment Climate

Investment climateWeak
Composite score18/100
Economic growth28/100
Labor market0/100
Population momentum11/100
Overall stability31/100

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

Location Context

Okolona city, Mississippi

City/Town

Part of

Mississippi

Nearby locations

Shannon, MSVan Vleet, MSNettleton, MSVerona, MSPlantersville, MS