Independence, Missouri Income Statistics
Independence 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.
-
C
Independence Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Independence | Missouri Avg | US Average |
|---|---|---|---|
| Median Household Income | $60,502 | $70,801 | $80,455 |
| Median Personal Income | $49,690 | $54,686 | $60,758 |
| Average Yearly Income Growth | 3.9% | 4.6% | 4.8% |
| Six-Figure Earners | 5.8% | 10.5% | 13.9% |
| $200k+ Households | 4.2% | 8.7% | 13.2% |
The median household income in Independence is about 15% lower than in Missouri. Income has been growing slower in Independence (3.9%/yr) than in Missouri (4.6%/yr).
About 6% of adults in Independence 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 Independence, Missouri grew by 36.4% from 2009 to 2024, reaching $60,502 in 2024. That's an average of about 3.9% per year.
Income Inequality and the Gender Pay Gap in Independence
| Metric | Independence | Missouri Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.504 | 0.532 | 0.552 |
| Male Median Income | $58,167 | $64,288 | $69,667 |
| Female Median Income | $48,528 | $51,060 | $56,850 |
| Gender Pay Gap | 16.6% | 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 Independence, 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 20% more than women's income in Independence, Missouri. Over a 35-year career, a 20% wage gap accumulates to roughly $337,365 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Independence, Missouri has narrowed from about 22% to 17% in 2024. Over that period the gap was widest at 22% in 2010, and was narrowest at 15% in 2014. In dollar terms, the gap has widened by $310 since 2009.
Employment
| Metric | Independence | Missouri Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.7% | 4.0% | 5.2% |
| Working from Home | 12.5% | 13.0% | 15.0% |
| Commute time (minutes) | 22 | 20 | 22 |
Approximately 3,371 people are unemployed in Independence, Missouri.
The average commute time in Independence is 22 minutes, longer than the 20 minutes in Missouri.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Independence, Missouri has fallen from 9.9% to 5.7% in 2024. Over that period the rate peaked at 10.5% in 2012 and fell as low as 4.9% in 2019.
Independence, MO Wealth Compared With Nearby Cities
How Independence, 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. |
|---|---|---|---|---|---|
| Independence, MO | 120,545 | $60,502 #2/2 | 3.9%/yr #1/2 | 5.7% #2/2 | 0.504 #2/2 |
| Blue Springs, MO | 48,094 | $86,829 | 3.7%/yr | 3.6% | 0.500 |
Conclusion
Considering all these factors, Independence, 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 Independence, Missouri.
How Wealthy Is Independence, Missouri?
Independence 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 $60,502, about 15% lower than the Missouri average of $70,801.
Are incomes growing in Independence, Missouri?
Between 2009 and 2024, the median household income in Independence, Missouri rose 36%, from $44,342 to $60,502. Over the same years, income here lagged behind Missouri as a whole: +36% against +54%.
What was the median household income in Independence in 2023?
In 2023, the median household income in Independence, Missouri was $59,611, up 3% from $57,638 in 2022. The Missouri median that year was $69,047.
What was the median household income in Independence in 2020?
In 2020, the median household income in Independence, Missouri was $51,393. By 2024 it had risen 18% to $60,502.
Is it hard to find a job in Independence, Missouri?
Unemployment in Independence, Missouri is 5.7%, well above the Missouri rate of 4.0%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Independence, Missouri?
The Gini coefficient in Independence 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 Independence, Missouri?
Since 2009, the income gap between men and women in Independence, Missouri has narrowed from about 22% to 17% in 2024. Over that period the gap was widest at 22% in 2010, and was narrowest at 15% in 2014. In dollar terms, the gap has widened by $310 since 2009.
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