Wealth Index
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 | Macon County | Missouri Avg | US Average |
|---|---|---|---|
| Median Household Income | $57,949 | $69,051 | $78,145 |
| Median Personal Income | $46,023 | $56,130 | $61,726 |
| Average income growth | 6.6% | 4.8% | 5.1% |
| Six-Figure Earners | 3.4% | 9.9% | 13.2% |
The median household income in Macon County is about 16% lower than in Missouri. Income has been growing faster in Macon County (6.6%/yr) than in Missouri (4.8%/yr).
About 3% of adults in Macon 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 Macon County, Missouri grew by 62.7% from 2009 to 2023, reaching $57,949 in 2023. That's an average of about 6.6% per year.
Economic Inequality in Macon County | Gender Pay Gap | Gini Coefficient
| Metric | Macon County | Missouri Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.489 | 0.543 | 0.570 |
| Male Median Income | $51,666 | $62,759 | $67,746 |
| Female Median Income | $39,750 | $49,461 | $54,793 |
| Gender Pay Gap | 23.1% | 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 Macon County, it is 0.489, 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 Macon County, Missouri. Over a 35-year career, a 30% wage gap accumulates to roughly $417,060 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in Macon County, Missouri has stayed about the same since 2009, at around 23%. In dollar terms, the gap has widened by $4,377 since 2009.
Employment
| Metric | Macon County | Missouri Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.5% | 4.1% | 5.2% |
| Working from Home | 9.1% | 11.6% | 13.4% |
| Commute time (minutes) | 17 | 21 | 22 |
Approximately 240 people are unemployed in Macon County, Missouri.
The average commute time in Macon County is 17 minutes, shorter than the 21 minutes in Missouri.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Macon County, Missouri has fallen from 5.9% to 3.5% in 2023.
Conclusion
Considering all these factors, Macon County, Missouri has an overall wealth index grade of D, making it somewhat worse than Missouri, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Macon County, Missouri.
How Rich Is Macon County, Missouri?
Macon County 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 $57,949, about 16% lower than the Missouri average of $69,051.
What is the current median household income in Macon County, Missouri?
As of 2023, the median household income in Macon County, Missouri is $57,949.
What was the median household income in Macon County in 2023?
In 2023, the median household income in Macon County, Missouri was $57,949.
What was the median household income in Macon County in 2020?
In 2020, the median household income in Macon County, Missouri was $44,737.
What is the Gini coefficient in Macon County, Missouri?
The Gini coefficient in Macon County is 0.489. 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 Macon County, Missouri?
The income gap between men and women in Macon County, Missouri has stayed about the same since 2009, at around 23%. In dollar terms, the gap has widened by $4,377 since 2009.