Wealth Index
Wealthier than 75% 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 | Linn County | Missouri Avg | US Average |
|---|---|---|---|
| Median Household Income | $62,094 | $69,051 | $78,145 |
| Median Personal Income | $51,145 | $56,130 | $61,726 |
| Average income growth | 6.8% | 4.8% | 5.1% |
| Six-Figure Earners | 7.0% | 9.9% | 13.2% |
The median household income in Linn County is about 10% lower than in Missouri. Income has been growing faster in Linn County (6.8%/yr) than in Missouri (4.8%/yr).
About 7% of adults in Linn 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 Linn County, Missouri grew by 67.7% from 2009 to 2023, reaching $62,094 in 2023. That's an average of about 6.8% per year.
Economic Inequality in Linn County | Gender Pay Gap | Gini Coefficient
| Metric | Linn County | Missouri Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.494 | 0.543 | 0.570 |
| Male Median Income | $58,042 | $62,759 | $67,746 |
| Female Median Income | $43,178 | $49,461 | $54,793 |
| Gender Pay Gap | 25.6% | 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 Linn County, it is 0.494, 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 34% more than women's income in Linn County, Missouri. Over a 35-year career, a 34% wage gap accumulates to roughly $520,240 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Linn County, Missouri has widened from about 23% to 26% in 2023. In dollar terms, the gap has widened by $7,113 since 2009.
Employment
| Metric | Linn County | Missouri Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.6% | 4.1% | 5.2% |
| Working from Home | 8.2% | 11.6% | 13.4% |
| Commute time (minutes) | 15 | 21 | 22 |
Approximately 152 people are unemployed in Linn County, Missouri.
The average commute time in Linn County is 15 minutes, shorter than the 21 minutes in Missouri.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Linn County, Missouri has fallen from 7.3% to 2.6% in 2023.
Conclusion
Considering all these factors, Linn 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 Linn County, Missouri.
How Rich Is Linn County, Missouri?
Linn 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 $62,094, about 10% lower than the Missouri average of $69,051.
What is the current median household income in Linn County, Missouri?
As of 2023, the median household income in Linn County, Missouri is $62,094.
What was the median household income in Linn County in 2023?
In 2023, the median household income in Linn County, Missouri was $62,094.
What was the median household income in Linn County in 2020?
In 2020, the median household income in Linn County, Missouri was $51,164.
What is the Gini coefficient in Linn County, Missouri?
The Gini coefficient in Linn County is 0.494. 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 Linn County, Missouri?
Since 2009, the income gap between men and women in Linn County, Missouri has widened from about 23% to 26% in 2023. In dollar terms, the gap has widened by $7,113 since 2009.