Carroll County, Missouri Income Statistics
Carroll 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.
-
C
Carroll County Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Carroll County | Missouri Avg | US Average |
|---|---|---|---|
| Median Household Income | $62,893 | $70,801 | $80,455 |
| Median Personal Income | $46,454 | $54,686 | $60,758 |
| Average Yearly Income Growth | 5.3% | 4.6% | 4.8% |
| Six-Figure Earners | 5.7% | 10.5% | 13.9% |
| $200k+ Households | 3.4% | 8.7% | 13.2% |
The median household income in Carroll County is about 11% lower than in Missouri. Income has been growing faster in Carroll County (5.3%/yr) than in Missouri (4.6%/yr).
About 6% of adults in Carroll County earn six figures ($100,000 or more) a year, lower than the Missouri average of 11%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Carroll County, Missouri grew by 62.1% from 2009 to 2024, reaching $62,893 in 2024. That's an average of about 5.3% per year.
Income Inequality and the Gender Pay Gap in Carroll County
| Metric | Carroll County | Missouri Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.496 | 0.532 | 0.552 |
| Male Median Income | $54,767 | $64,288 | $69,667 |
| Female Median Income | $45,697 | $51,060 | $56,850 |
| Gender Pay Gap | 16.6% | 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 Carroll County, it is 0.496, lower than Missouri's 0.532, so income is more 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 20% more than women's income in Carroll County, Missouri. Over a 35-year career, a 20% wage gap accumulates to roughly $317,450 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Carroll County, Missouri has narrowed from about 27% to 17% in 2024. Over that period the gap was widest at 40% in 2015. In dollar terms, the gap has narrowed by $1,386 since 2009.
Employment
| Metric | Carroll County | Missouri Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.3% | 4.0% | 5.2% |
| Working from Home | 8.7% | 13.0% | 15.0% |
| Commute time (minutes) | 17 | 20 | 22 |
Approximately 172 people are unemployed in Carroll County, Missouri.
The average commute time in Carroll County is 17 minutes, shorter than the 20 minutes in Missouri.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Carroll County, Missouri has fallen from 6.4% to 4.3% in 2024. Over that period the rate peaked at 8.9% in 2015.
Carroll County, MO Wealth Compared With Nearby Counties
Carroll County, MO is the smallest of the 6 counties compared here, 8,411 residents against a local median of 23,145. Where Carroll County, MO breaks from the counties next to it is unemployment, sitting 42% above the local median of 3.0% at 4.3%. That is the weaker end of the local range on this measure.
The counties themselves sit within 0.7% of each other on unemployment, a tighter band than the gap between any of them and Carroll County, MO, which makes it a genuine outlier here rather than one end of a wide local spread. Carroll County, MO has the 6th lowest unemployment 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. |
|---|---|---|---|---|---|
| Carroll County, MO | 8,411 | $62,893 #5/6 | 5.3%/yr #2/6 | 4.3% #6/6 | 0.496 #2/6 |
| Livingston County, MO | 14,364 | $63,223 | 4.5%/yr | 2.7% | 0.532 |
| Saline County, MO | 23,231 | $58,602 | 4.7%/yr | 3.2% | 0.524 |
| Lafayette County, MO | 33,096 | $80,512 | 5.9%/yr | 3.0% | 0.496 |
| Ray County, MO | 23,145 | $74,607 | 4.1%/yr | 3.4% | 0.517 |
| Caldwell County, MO | 8,927 | $64,216 | 4.7%/yr | 2.9% | 0.517 |
Conclusion
Considering all these factors, Carroll 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 Carroll County, Missouri.
How Rich Is Carroll County, Missouri?
Carroll 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 $62,893, about 11% lower than the Missouri average of $70,801.
How has median household income changed in Carroll County, Missouri?
Between 2009 and 2024, the median household income in Carroll County, Missouri rose 62%, from $38,790 to $62,893. Over the same years, income here outpaced Missouri as a whole: +62% against +54%.
What was the median household income in Carroll County in 2023?
In 2023, the median household income in Carroll County, Missouri was $62,563, up 7% from $58,515 in 2022. The Missouri median that year was $69,047.
What was the median household income in Carroll County in 2020?
In 2020, the median household income in Carroll County, Missouri was $52,097. By 2024 it had risen 21% to $62,893.
What is the Gini coefficient in Carroll County, Missouri?
The Gini coefficient in Carroll County is 0.496. 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 Carroll County, Missouri?
Since 2009, the income gap between men and women in Carroll County, Missouri has narrowed from about 27% to 17% in 2024. Over that period the gap was widest at 40% in 2015. In dollar terms, the gap has narrowed by $1,386 since 2009.
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