Estimate your take-home pay in Mississippi for 2026. The state levies income tax with a top rate of 4.7% (4.7% flat (first 10000 exempt)). This means a portion of every paycheck goes toward state income tax in addition to federal withholding, Social Security, and Medicare.
Mississippi Tax Snapshot
- State Income Tax
- 4.7% top rate
- Sales Tax (state + local avg)
- 7.07%
- Avg Property Tax Rate
- 0.67%
- Median Home Value
- $140,800
- State Minimum Wage
- $7.25/hr
Did You Know?
Mississippi is phasing toward eliminating its income tax entirely.
How Mississippi Taxes Affect Your Paycheck
When you earn a paycheck in Mississippi, your employer withholds federal income tax, Social Security (6.2%), and Medicare (1.45%). On top of that, the state withholds income tax based on 4.7% flat (first 10000 exempt). The state minimum wage is $7.25 per hour, which sets the floor for hourly workers. Understanding these deductions helps you budget effectively and plan for the average 0.67% property tax rate on homes valued around $140,800.
Mississippi also levies a combined state and average local sales tax of 7.07%, which affects your overall purchasing power. Factor this into your budget when calculating how far your paycheck stretches.