Boone County, Missouri Income Statistics
Boone County Wealth Score
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.
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C
Boone County Below averageWealthier than 81% of counties in Missouri
Source: Map AI Methodology
Income Statistics Overview
| Metric | Boone County | Missouri Avg | US Average |
|---|---|---|---|
| Median Household Income | $72,634 | $70,801 | $80,455 |
| Median Personal Income | $55,365 | $54,686 | $60,758 |
| Average Yearly Income Growth | 4.5% | 4.6% | 4.8% |
| Six-Figure Earners | 10.9% | 10.5% | 13.9% |
| $200k+ Households | 10.2% | 8.7% | 13.2% |
The median household income in Boone County is about 3% higher than in Missouri. Income has been growing slower in Boone County (4.5%/yr) than in Missouri (4.6%/yr).
About 11% of adults in Boone County earn six figures ($100,000 or more) a year, about the same as the Missouri average of 11%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Boone County, Missouri grew by 62.2% from 2009 to 2024, reaching $72,634 in 2024. That's an average of about 4.5% per year.
Income Inequality and the Gender Pay Gap in Boone County
| Metric | Boone County | Missouri Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.547 | 0.532 | 0.552 |
| Male Median Income | $64,471 | $64,288 | $69,667 |
| Female Median Income | $53,125 | $51,060 | $56,850 |
| Gender Pay Gap | 17.6% | 20.6% | 18.4% |
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 Boone County, it is 0.547, higher than Missouri's 0.532, so income is less evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 21% more than women's income in Boone County, Missouri. Over a 35-year career, a 21% wage gap accumulates to roughly $397,110 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Boone County, Missouri has widened from about 17% to 18% in 2024. Over that period the gap was widest at 19% in 2021, and was narrowest at 15% in 2017. In dollar terms, the gap has widened by $4,110 since 2009.
Employment
| Metric | Boone County | Missouri Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.8% | 4.0% | 5.2% |
| Working from Home | 9.8% | 13.0% | 15.0% |
| Commute time (minutes) | 16 | 20 | 22 |
Approximately 3,879 people are unemployed in Boone County, Missouri.
The average commute time in Boone County is 16 minutes, shorter than the 20 minutes in Missouri.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Boone County, Missouri has fallen from 6.0% to 3.8% in 2024. Over that period the rate peaked at 6.4% in 2012 and fell as low as 3.5% in 2020.
Boone County, MO Wealth Compared With Nearby Counties
Boone County, MO is the largest of the 6 counties compared here, 188,044 residents against a local median of 24,365. Boone County, MO sits close to the middle of its own neighbourhood. No measure below is more than 15% off the local median, so the choice between these counties turns on things this data does not capture.
The largest of those small differences is income growth, 13% above the local median at 4.5%/yr against 4.0%/yr. Boone County, MO has the 3rd highest income growth of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Boone County, MO | 188,044 | $72,634 #3/6 | 4.5%/yr #3/6 | 3.8% #4/6 | 0.547 #5/6 |
| Callaway County, MO | 44,740 | $73,833 | 4.9%/yr | 5.1% | 0.520 |
| Howard County, MO | 10,147 | $64,914 | 4.5%/yr | 3.7% | 0.554 |
| Moniteau County, MO | 15,262 | $65,547 | 3.8%/yr | 2.5% | 0.525 |
| Cole County, MO | 77,032 | $74,830 | 4.0%/yr | 2.9% | 0.502 |
| Randolph County, MO | 24,365 | $53,637 | 3.6%/yr | 4.4% | 0.526 |
Conclusion
Considering all these factors, Boone County, Missouri has an overall wealth index grade of C, making it about on par with Missouri, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Boone County, Missouri.
How Rich Is Boone County, Missouri?
Boone County has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $72,634, about 3% higher than the Missouri average of $70,801.
Are incomes growing in Boone County, Missouri?
Between 2009 and 2024, the median household income in Boone County, Missouri rose 62%, from $44,777 to $72,634. Over the same years, income here outpaced Missouri as a whole: +62% against +54%.
What was the median household income in Boone County in 2023?
In 2023, the median household income in Boone County, Missouri was $69,964, up 6% from $66,200 in 2022. The Missouri median that year was $69,047.
What was the median household income in Boone County in 2020?
In 2020, the median household income in Boone County, Missouri was $58,756. By 2024 it had risen 24% to $72,634.
What is the Gini coefficient in Boone County, Missouri?
The Gini coefficient in Boone County is 0.547. 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 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Boone County, Missouri?
Since 2009, the income gap between men and women in Boone County, Missouri has widened from about 17% to 18% in 2024. Over that period the gap was widest at 19% in 2021, and was narrowest at 15% in 2017. In dollar terms, the gap has widened by $4,110 since 2009.
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