Jackson MS Metro Area Unemployment Rates - Hinds County, Rankin County, Madison County, Simpson County, Copiah County, Yazoo County

Jackson MS Metro Area Unemployment Rates by County

Unemployment rates get a lot of attention because they are a good indicator of economic health. That’s one of the reasons that real estate in an area with a lower unemployment rate typically commands a higher price than similar property in an area with a higher unemployment rate, all other factors being equal. When performing a real property appraisal, unemployment is one of the most significant factors I consider when making adjustments for location in the sales comparison approach. There is definitely a correlation between real estate value and local unemployment rates.

The chart above shows the unemployment rates for all the counties that make up the Jackson, Mississippi Metropolitan Statistical Area (MSA) — Hinds County, Rankin County, Madison County, Simpson County, Copiah County, and Yazoo County — as well as the Jackson MSA and the state of Mississippi.

As of May 2015, the county with the highest unemployment rate was Yazoo County with 9.4%, while Rankin County had the lowest rate, 3.9%.

Click here to view an interactive version of this chart or view a variety of other demographic charts for all the counties in the Jackson, MS metro area.

Wyatt Roberts

Wyatt Roberts

Commercial Real Estate Appraiser at Wyattopia, Inc.
is a certified general appraiser who offers commercial appraisal services and real estate consulting services in Central Mississippi, especially in the Jackson MS Metro area, which includes Hinds County, Rankin County, Madison County, Simpson County, Copiah County, and Yazoo County. He is also a Microsoft Certified Professional. He resides in Florence with his wife and five children.
Wyatt Roberts