Wealth Index
Less wealthy than 72% 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 | Audrain County | Missouri Avg | US Average |
|---|---|---|---|
| Median Household Income | $56,640 | $69,051 | $78,145 |
| Median Personal Income | $46,487 | $56,130 | $61,726 |
| Average income growth | 4.2% | 4.8% | 5.1% |
| Six-Figure Earners | 4.3% | 9.9% | 13.2% |
The median household income in Audrain County is about 18% lower than in Missouri. Income has been growing slower in Audrain County (4.2%/yr) than in Missouri (4.8%/yr).
About 4% of adults in Audrain 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 Audrain County, Missouri grew by 45.5% from 2009 to 2023, reaching $56,640 in 2023. That's an average of about 4.2% per year.
Economic Inequality in Audrain County | Gender Pay Gap | Gini Coefficient
| Metric | Audrain County | Missouri Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.533 | 0.543 | 0.570 |
| Male Median Income | $53,667 | $62,759 | $67,746 |
| Female Median Income | $41,272 | $49,461 | $54,793 |
| Gender Pay Gap | 23.1% | 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 Audrain County, it is 0.533, 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 30% more than women's income in Audrain County, Missouri. Over a 35-year career, a 30% wage gap accumulates to roughly $433,825 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in Audrain County, Missouri has stayed about the same since 2009, at around 23%. In dollar terms, the gap has widened by $4,301 since 2009.
Employment
| Metric | Audrain County | Missouri Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.1% | 4.1% | 5.2% |
| Working from Home | 3.2% | 11.6% | 13.4% |
| Commute time (minutes) | 15 | 21 | 22 |
Approximately 454 people are unemployed in Audrain County, Missouri.
The average commute time in Audrain County is 15 minutes, shorter than the 21 minutes in Missouri.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Audrain County, Missouri has fallen from 6.8% to 4.1% in 2023.
Conclusion
Considering all these factors, Audrain County, Missouri has an overall wealth index grade of D, making it somewhat worse than Missouri, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Audrain County, Missouri.
How Wealthy Is Audrain County, Missouri?
Audrain County has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $56,640, about 18% lower than the Missouri average of $69,051.
What is the current median household income in Audrain County, Missouri?
As of 2023, the median household income in Audrain County, Missouri is $56,640.
What was the median household income in Audrain County in 2023?
In 2023, the median household income in Audrain County, Missouri was $56,640.
What was the median household income in Audrain County in 2020?
In 2020, the median household income in Audrain County, Missouri was $44,578.
What is the Gini coefficient in Audrain County, Missouri?
The Gini coefficient in Audrain County is 0.533. 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 Audrain County, Missouri?
The income gap between men and women in Audrain County, Missouri has stayed about the same since 2009, at around 23%. In dollar terms, the gap has widened by $4,301 since 2009.