Wealth Index
Wealthier than 82% of 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 | Gasconade County | Missouri Avg | US Average |
|---|---|---|---|
| Median Household Income | $64,828 | $69,051 | $78,145 |
| Median Personal Income | $46,253 | $56,130 | $61,726 |
| Average income growth | 5.3% | 4.8% | 5.1% |
| Six-Figure Earners | 6.4% | 9.9% | 13.2% |
The median household income in Gasconade County is about 6% lower than in Missouri. Income has been growing faster in Gasconade County (5.3%/yr) than in Missouri (4.8%/yr).
About 6% of adults in Gasconade 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 Gasconade County, Missouri grew by 61.1% from 2009 to 2023, reaching $64,828 in 2023. That's an average of about 5.3% per year.
Economic Inequality in Gasconade County | Gender Pay Gap | Gini Coefficient
| Metric | Gasconade County | Missouri Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.490 | 0.543 | 0.570 |
| Male Median Income | $52,470 | $62,759 | $67,746 |
| Female Median Income | $40,309 | $49,461 | $54,793 |
| Gender Pay Gap | 23.2% | 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 Gasconade County, it is 0.490, 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 30% more than women's income in Gasconade County, Missouri. Over a 35-year career, a 30% wage gap accumulates to roughly $425,635 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Gasconade County, Missouri has narrowed from about 29% to 23% in 2023. In dollar terms, the gap has widened by $1,583 since 2009.
Employment
| Metric | Gasconade County | Missouri Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.9% | 4.1% | 5.2% |
| Working from Home | 5.0% | 11.6% | 13.4% |
| Commute time (minutes) | 20 | 21 | 22 |
Approximately 216 people are unemployed in Gasconade County, Missouri.
The average commute time in Gasconade County is 20 minutes, shorter than the 21 minutes in Missouri.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Gasconade County, Missouri has fallen from 9.5% to 2.9% in 2023.
Conclusion
Considering all these factors, Gasconade 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 Gasconade County, Missouri.
How Rich Is Gasconade County, Missouri?
Gasconade 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 $64,828, about 6% lower than the Missouri average of $69,051.
What is the current median household income in Gasconade County, Missouri?
As of 2023, the median household income in Gasconade County, Missouri is $64,828.
What was the median household income in Gasconade County in 2023?
In 2023, the median household income in Gasconade County, Missouri was $64,828.
What was the median household income in Gasconade County in 2020?
In 2020, the median household income in Gasconade County, Missouri was $55,288.
What is the Gini coefficient in Gasconade County, Missouri?
The Gini coefficient in Gasconade County is 0.490. 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 Gasconade County, Missouri?
Since 2009, the income gap between men and women in Gasconade County, Missouri has narrowed from about 29% to 23% in 2023. In dollar terms, the gap has widened by $1,583 since 2009.