Wealth Index
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 | Chariton County | Missouri Avg | US Average |
|---|---|---|---|
| Median Household Income | $62,093 | $69,051 | $78,145 |
| Median Personal Income | $45,413 | $56,130 | $61,726 |
| Average income growth | 5.9% | 4.8% | 5.1% |
| Six-Figure Earners | 4.9% | 9.9% | 13.2% |
The median household income in Chariton County is about 10% lower than in Missouri. Income has been growing faster in Chariton County (5.9%/yr) than in Missouri (4.8%/yr).
About 5% of adults in Chariton 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 Chariton County, Missouri grew by 51.1% from 2009 to 2023, reaching $62,093 in 2023. That's an average of about 5.9% per year.
Economic Inequality in Chariton County | Gender Pay Gap | Gini Coefficient
| Metric | Chariton County | Missouri Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.541 | 0.543 | 0.570 |
| Male Median Income | $49,294 | $62,759 | $67,746 |
| Female Median Income | $43,862 | $49,461 | $54,793 |
| Gender Pay Gap | 11.0% | 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 Chariton County, it is 0.541, about the same as Missouri's 0.543, so income here is about as evenly distributed as there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 12% more than women's income in Chariton County, Missouri. Over a 35-year career, a 12% wage gap accumulates to roughly $190,120 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Chariton County, Missouri has narrowed from about 25% to 11% in 2023. In dollar terms, the gap has narrowed by $4,333 since 2009.
Employment
| Metric | Chariton County | Missouri Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.2% | 4.1% | 5.2% |
| Working from Home | 8.5% | 11.6% | 13.4% |
| Commute time (minutes) | 20 | 21 | 22 |
Approximately 106 people are unemployed in Chariton County, Missouri.
The average commute time in Chariton County is 20 minutes, shorter than the 21 minutes in Missouri.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Chariton County, Missouri has fallen from 4.5% to 3.2% in 2023.
Conclusion
Considering all these factors, Chariton 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 Chariton County, Missouri.
How Rich Is Chariton County, Missouri?
Chariton 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 $62,093, about 10% lower than the Missouri average of $69,051.
What is the current median household income in Chariton County, Missouri?
As of 2023, the median household income in Chariton County, Missouri is $62,093.
What was the median household income in Chariton County in 2023?
In 2023, the median household income in Chariton County, Missouri was $62,093.
What was the median household income in Chariton County in 2020?
In 2020, the median household income in Chariton County, Missouri was $51,550.
What is the Gini coefficient in Chariton County, Missouri?
The Gini coefficient in Chariton County is 0.541. 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 Chariton County, Missouri?
Since 2009, the income gap between men and women in Chariton County, Missouri has narrowed from about 25% to 11% in 2023. In dollar terms, the gap has narrowed by $4,333 since 2009.