Wealth Index
Wealthier than 93% of counties in Missouri
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
Income Statistics Overview
| Metric | Andrew County | Missouri Avg | US Average |
|---|---|---|---|
| Median Household Income | $74,139 | $69,051 | $78,145 |
| Median Personal Income | $57,091 | $56,130 | $61,726 |
| Average income growth | 4.5% | 4.8% | 5.1% |
| Six-Figure Earners | 8.2% | 9.9% | 13.2% |
The median household income in Andrew County is about 7% higher than in Missouri. Income has been growing slower in Andrew County (4.5%/yr) than in Missouri (4.8%/yr).
About 8% of adults in Andrew County earn six figures ($100,000 or more) a year, lower than the Missouri average of 10%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Andrew County, Missouri grew by 39.6% from 2009 to 2023, reaching $74,139 in 2023. That's an average of about 4.5% per year.
Economic Inequality in Andrew County | Gender Pay Gap | Gini Coefficient
| Metric | Andrew County | Missouri Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.501 | 0.543 | 0.570 |
| Male Median Income | $66,131 | $62,759 | $67,746 |
| Female Median Income | $48,682 | $49,461 | $54,793 |
| Gender Pay Gap | 26.4% | 21.2% | 19.1% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Andrew County, it is 0.501, lower than Missouri's 0.543, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 36% more than women's income in Andrew County, Missouri. Over a 35-year career, a 36% wage gap accumulates to roughly $610,715 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in Andrew County, Missouri has stayed about the same since 2009, at around 26%. In dollar terms, the gap has widened by $5,760 since 2009.
Employment
| Metric | Andrew County | Missouri Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.0% | 4.1% | 5.2% |
| Working from Home | 7.0% | 11.6% | 13.4% |
| Commute time (minutes) | 18 | 21 | 22 |
Approximately 367 people are unemployed in Andrew County, Missouri.
The average commute time in Andrew County is 18 minutes, shorter than the 21 minutes in Missouri.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Andrew County, Missouri has fallen from 7.1% to 4.0% in 2023.
Conclusion
Considering all these factors, Andrew County, Missouri has an overall wealth index grade of B, making it somewhat better than Missouri, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Andrew County, Missouri.
How Wealthy Is Andrew County, Missouri?
Andrew County has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $74,139, about 7% higher than the Missouri average of $69,051.
What is the current median household income in Andrew County, Missouri?
As of 2023, the median household income in Andrew County, Missouri is $74,139.
What was the median household income in Andrew County in 2023?
In 2023, the median household income in Andrew County, Missouri was $74,139.
What was the median household income in Andrew County in 2020?
In 2020, the median household income in Andrew County, Missouri was $59,230.
What is the Gini coefficient in Andrew County, Missouri?
The Gini coefficient in Andrew County is 0.501. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Andrew County, Missouri?
The income gap between men and women in Andrew County, Missouri has stayed about the same since 2009, at around 26%. In dollar terms, the gap has widened by $5,760 since 2009.