Mississippi Minimum Wage and Income Tax 2026
What it costs to pay people and earn money in Mississippi.
Minimum wage in Mississippi
The minimum wage is $7.25 an hour, the same as the federal rate. No state minimum wage law. The federal $7.25 applies to employers covered by federal law.
Full time at 40 hours, that is $290 a week or $15,080 a year. It ranks 32 of 51, higher than 0 others.
As of July 1, 2026. Source: U.S. Department of Labor.
Income tax in Mississippi
Mississippi has a flat income tax of 4.00%.
The top rate ranks 32 of 51.
Single filers, as of January 1, 2026. Source: Tax Foundation.
Corporate tax in Mississippi
The top corporate income tax rate is 5.00%. Graduated from 4.00% to 5.00%.
It ranks 33 of 51.
As of April 2, 2026. Source: Tax Foundation.
Sales tax in Mississippi
The state rate is 7.00%. With the average local tax, shoppers pay about 7.06%.
As of July 1, 2026. Source: Tax Foundation.