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  • Pay day loans in Mississippi. Mississippi has among the greatest concentrations of licensed payday loan providers in the U.S
  • Pay day loans in Mississippi. Mississippi has among the greatest concentrations of licensed payday loan providers in the U.S
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    With a median household earnings of just $44,717, Mississippi is well underneath the nationwide average of $61,937. Not just could be the median home earnings among the cheapest into the country, Mississippi also had the greatest price of individuals residing underneath the poverty line in 2019: 19.7percent.

    Payday advances in Mississippi

    The dining dining dining dining table below shows the 15 counties in Mississippi because of the greatest levels of payday loan providers:

    County

    Populace per Licensee*

    Populace per Licensee*

    Loan Volume**

    Total Costs Paid***

    *2000 Census information.

    **This is believed by multiplying the amount of licensees because of the nationwide median loan size ($350) by the national normal loans per shop (3,643). (more…)