Grandview, Missouri Income Statistics
Grandview 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.
-
D
Grandview Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Grandview | Missouri Avg | US Average |
|---|---|---|---|
| Median Household Income | $53,104 | $70,801 | $80,455 |
| Median Personal Income | $46,454 | $54,686 | $60,758 |
| Average Yearly Income Growth | 2.7% | 4.6% | 4.8% |
| Six-Figure Earners | 4.7% | 10.5% | 13.9% |
| $200k+ Households | 2.5% | 8.7% | 13.2% |
The median household income in Grandview is about 25% lower than in Missouri. Income has been growing slower in Grandview (2.7%/yr) than in Missouri (4.6%/yr).
About 5% of adults in Grandview 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 Grandview, Missouri grew by 21.6% from 2009 to 2024, reaching $53,104 in 2024. That's an average of about 2.7% per year.
Income Inequality and the Gender Pay Gap in Grandview
| Metric | Grandview | Missouri Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.507 | 0.532 | 0.552 |
| Male Median Income | $53,213 | $64,288 | $69,667 |
| Female Median Income | $45,297 | $51,060 | $56,850 |
| Gender Pay Gap | 14.9% | 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 Grandview, it is 0.507, 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 17% more than women's income in Grandview, Missouri. Over a 35-year career, a 17% wage gap accumulates to roughly $277,060 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Grandview, Missouri has widened from about 14% to 15% in 2024. Over that period the gap was widest at 17% in 2022, and was narrowest at 4% in 2015. In dollar terms, the gap has widened by $2,890 since 2009.
Sharply against the trend: the pay gap in Grandview widened by 1.3 points while Missouri's narrowed by 4.5 points.
Employment
| Metric | Grandview | Missouri Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.1% | 4.0% | 5.2% |
| Working from Home | 16.2% | 13.0% | 15.0% |
| Commute time (minutes) | 22 | 20 | 22 |
Approximately 858 people are unemployed in Grandview, Missouri.
The average commute time in Grandview is 22 minutes, longer than the 20 minutes in Missouri.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Grandview, Missouri has fallen from 10.1% to 6.1% in 2024. Over that period the rate peaked at 11.1% in 2013 and fell as low as 4.7% in 2019.
Grandview, MO Wealth Compared With Nearby Cities
How Grandview, MO compares with the 2 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. |
|---|---|---|---|---|---|
| Grandview, MO | 26,526 | $53,104 #3/3 | 2.7%/yr #3/3 | 6.1% #3/3 | 0.507 #3/3 |
| Leawood, KS | 34,078 | $178,711 | 3.9%/yr | 2.5% | 0.484 |
| Raytown, MO | 28,527 | $69,474 | 4.6%/yr | 5.6% | 0.466 |
Conclusion
Considering all these factors, Grandview, Missouri has an overall wealth index grade of D, making it about on par with Missouri, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Grandview, Missouri.
How Rich Is Grandview, Missouri?
Grandview 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 $53,104, about 25% lower than the Missouri average of $70,801.
Are incomes growing in Grandview, Missouri?
Between 2009 and 2024, the median household income in Grandview, Missouri rose 22%, from $43,681 to $53,104. Over the same years, income here lagged behind Missouri as a whole: +22% against +54%.
What was the median household income in Grandview in 2023?
In 2023, the median household income in Grandview, Missouri was $53,447, up 4% from $51,278 in 2022. The Missouri median that year was $69,047.
What was the median household income in Grandview in 2020?
In 2020, the median household income in Grandview, Missouri was $47,917. By 2024 it had risen 11% to $53,104.
How strong is the job market in Grandview, Missouri?
Unemployment in Grandview, Missouri is 6.1%, well above the Missouri rate of 4.0%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Grandview, Missouri?
The Gini coefficient in Grandview is 0.507. 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 Grandview, Missouri?
Since 2009, the income gap between men and women in Grandview, Missouri has widened from about 14% to 15% in 2024. Over that period the gap was widest at 17% in 2022, and was narrowest at 4% in 2015. In dollar terms, the gap has widened by $2,890 since 2009.
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