Payday advances in Mississippi. Mississippi has one of many greatest concentrations of licensed payday loan providers in the U.S

Payday advances in Mississippi. Mississippi has one of many greatest concentrations of licensed payday loan providers in the U.S

Having a household that is median of just $44,717, Mississippi is well underneath the nationwide average of $61,937. Not just may be the median home earnings one of several cheapest into the country, Mississippi additionally had the rate that is highest of men and women residing underneath the poverty line in 2019: 19.7percent.

Payday advances in Mississippi

The dining dining table below shows the 15 counties in Mississippi using 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 sheer number of licensees by the nationwide median loan size ($350) because of the national typical loans per shop (3,643). Read more