Wealth Index
Among the top 5 wealthiest 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 | Cass County | Missouri Avg | US Average |
|---|---|---|---|
| Median Household Income | $87,366 | $69,051 | $78,145 |
| Median Personal Income | $62,056 | $56,130 | $61,726 |
| Average income growth | 4.5% | 4.8% | 5.1% |
| Six-Figure Earners | 11.0% | 9.9% | 13.2% |
The median household income in Cass County is about 27% higher than in Missouri. Income has been growing slower in Cass County (4.5%/yr) than in Missouri (4.8%/yr).
About 11% of adults in Cass County earn six figures ($100,000 or more) a year, higher than the Missouri average of 10%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Cass County, Missouri grew by 44.0% from 2009 to 2023, reaching $87,366 in 2023. That's an average of about 4.5% per year.
Economic Inequality in Cass County | Gender Pay Gap | Gini Coefficient
| Metric | Cass County | Missouri Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.516 | 0.543 | 0.570 |
| Male Median Income | $70,574 | $62,759 | $67,746 |
| Female Median Income | $53,995 | $49,461 | $54,793 |
| Gender Pay Gap | 23.5% | 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 Cass County, it is 0.516, 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 31% more than women's income in Cass County, Missouri. Over a 35-year career, a 31% wage gap accumulates to roughly $580,265 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Cass County, Missouri has narrowed from about 26% to 23% in 2023. In dollar terms, the gap has widened by $3,664 since 2009.
Employment
| Metric | Cass County | Missouri Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.6% | 4.1% | 5.2% |
| Working from Home | 12.3% | 11.6% | 13.4% |
| Commute time (minutes) | 27 | 21 | 22 |
Approximately 2,666 people are unemployed in Cass County, Missouri.
The average commute time in Cass County is 27 minutes, longer than the 21 minutes in Missouri.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Cass County, Missouri has fallen from 6.0% to 4.6% in 2023.
Conclusion
Considering all these factors, Cass 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 Cass County, Missouri.
How Rich Is Cass County, Missouri?
Cass 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 $87,366, about 27% higher than the Missouri average of $69,051.
What is the current median household income in Cass County, Missouri?
As of 2023, the median household income in Cass County, Missouri is $87,366.
What was the median household income in Cass County in 2023?
In 2023, the median household income in Cass County, Missouri was $87,366.
What was the median household income in Cass County in 2020?
In 2020, the median household income in Cass County, Missouri was $72,802.
What is the Gini coefficient in Cass County, Missouri?
The Gini coefficient in Cass County is 0.516. 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 Cass County, Missouri?
Since 2009, the income gap between men and women in Cass County, Missouri has narrowed from about 26% to 23% in 2023. In dollar terms, the gap has widened by $3,664 since 2009.