Chesterfield, Missouri Income Statistics
Chesterfield Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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A+
Chesterfield Top grade
Source: Map AI Methodology
Income Statistics Overview
| Metric | Chesterfield | Missouri Avg | US Average |
|---|---|---|---|
| Median Household Income | $135,501 | $70,801 | $80,455 |
| Median Personal Income | $108,739 | $54,686 | $60,758 |
| Average Yearly Income Growth | 4.0% | 4.6% | 4.8% |
| Six-Figure Earners | 31.5% | 10.5% | 13.9% |
| $200k+ Households | 31.4% | 8.7% | 13.2% |
The median household income in Chesterfield is about 91% higher than in Missouri. Income has been growing slower in Chesterfield (4.0%/yr) than in Missouri (4.6%/yr).
About 32% of adults in Chesterfield earn six figures ($100,000 or more) a year, higher than the Missouri average of 11%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Chesterfield, Missouri grew by 38.0% from 2009 to 2024, reaching $135,501 in 2024. That's an average of about 4.0% per year.
Income Inequality and the Gender Pay Gap in Chesterfield
| Metric | Chesterfield | Missouri Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.504 | 0.532 | 0.552 |
| Male Median Income | $122,239 | $64,288 | $69,667 |
| Female Median Income | $92,360 | $51,060 | $56,850 |
| Gender Pay Gap | 24.4% | 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 Chesterfield, it is 0.504, 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 32% more than women's income in Chesterfield, Missouri. Over a 35-year career, a 32% wage gap accumulates to roughly $1,045,765 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Chesterfield, Missouri has narrowed from about 43% to 24% in 2024. In dollar terms, the gap has narrowed by $11,924 since 2009.
Employment
| Metric | Chesterfield | Missouri Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.7% | 4.0% | 5.2% |
| Working from Home | 26.8% | 13.0% | 15.0% |
| Commute time (minutes) | 21 | 20 | 22 |
Approximately 615 people are unemployed in Chesterfield, Missouri.
The average commute time in Chesterfield is 21 minutes, longer than the 20 minutes in Missouri.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Chesterfield, Missouri has fallen from 4.1% to 2.7% in 2024. Over that period the rate peaked at 4.9% in 2013 and fell as low as 2.0% in 2018.
Chesterfield, MO Wealth Compared With Nearby Cities
How Chesterfield, MO compares with the 1 cities closest to it.
| 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. |
|---|---|---|---|---|---|
| Chesterfield, MO | 46,242 | $135,501 #1/2 | 4.0%/yr #2/2 | 2.7% #1/2 | 0.504 #1/2 |
| Ballwin, MO | 29,596 | $124,739 | 4.6%/yr | 3.4% | 0.507 |
Conclusion
Considering all these factors, Chesterfield, Missouri has an overall wealth index grade of A+, making it far better than Missouri, and far better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Chesterfield, Missouri.
How Rich Is Chesterfield, Missouri?
Chesterfield has a wealth index grade of A+. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A+ grade means it is one of the most prosperous areas in the country. The median household income is $135,501, about 91% higher than the Missouri average of $70,801.
How fast is household income rising in Chesterfield, Missouri?
Between 2009 and 2024, the median household income in Chesterfield, Missouri rose 38%, from $98,180 to $135,501. Over the same years, income here lagged behind Missouri as a whole: +38% against +54%.
What was the median household income in Chesterfield in 2023?
In 2023, the median household income in Chesterfield, Missouri was $137,652, about the same as in 2022. The Missouri median that year was $69,047.
What was the median household income in Chesterfield in 2020?
In 2020, the median household income in Chesterfield, Missouri was $122,002. By 2024 it had risen 11% to $135,501.
Do many residents of Chesterfield, Missouri earn over $100,000?
Yes. 32% of adults in Chesterfield, Missouri earn $100,000 or more a year (about 1 in 3), against 11% (about 1 in 9) in Missouri. 31% of households have a combined income of $200,000 or more, compared with 9% in Missouri.
How strong is the job market in Chesterfield, Missouri?
Unemployment in Chesterfield, Missouri is only 2.7%, well below the Missouri rate of 4.0%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Chesterfield, Missouri?
The Gini coefficient in Chesterfield is 0.504. 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 Chesterfield, Missouri?
Since 2009, the income gap between men and women in Chesterfield, Missouri has narrowed from about 43% to 24% in 2024. In dollar terms, the gap has narrowed by $11,924 since 2009.
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