Madison County, Missouri Income Statistics
Madison County Wealth Score
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.
-
D
Madison County Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Madison County | Missouri Avg | US Average |
|---|---|---|---|
| Median Household Income | $56,103 | $70,801 | $80,455 |
| Median Personal Income | $41,357 | $54,686 | $60,758 |
| Average Yearly Income Growth | 5.8% | 4.6% | 4.8% |
| Six-Figure Earners | 4.6% | 10.5% | 13.9% |
| $200k+ Households | 4.4% | 8.7% | 13.2% |
The median household income in Madison County is about 21% lower than in Missouri. Income has been growing faster in Madison County (5.8%/yr) than in Missouri (4.6%/yr).
About 5% of adults in Madison County 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 Madison County, Missouri grew by 68.8% from 2009 to 2024, reaching $56,103 in 2024. That's an average of about 5.8% per year.
Income Inequality and the Gender Pay Gap in Madison County
| Metric | Madison County | Missouri Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.501 | 0.532 | 0.552 |
| Male Median Income | $45,941 | $64,288 | $69,667 |
| Female Median Income | $42,199 | $51,060 | $56,850 |
| Gender Pay Gap | 8.1% | 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 Madison County, it is 0.501, 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 9% more than women's income in Madison County, Missouri. Over a 35-year career, a 9% wage gap accumulates to roughly $130,970 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Madison County, Missouri has narrowed from about 37% to 8% in 2024. Over that period the gap in 2020 women out-earned men by 7%. In dollar terms, the gap has narrowed by $9,186 since 2009.
Employment
| Metric | Madison County | Missouri Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.8% | 4.0% | 5.2% |
| Working from Home | 11.0% | 13.0% | 15.0% |
| Commute time (minutes) | 17 | 20 | 22 |
Approximately 273 people are unemployed in Madison County, Missouri.
The average commute time in Madison County is 17 minutes, shorter than the 20 minutes in Missouri.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Madison County, Missouri has fallen from 11.4% to 4.8% in 2024. Over that period the rate peaked at 14.9% in 2013 and fell as low as 4.1% in 2018.
Madison County, MO Wealth Compared With Nearby Counties
Madison County, MO is the 3rd largest of the 6 counties compared here, 12,729 residents against a local median of 10,862. Where Madison County, MO breaks from the counties next to it is income growth, sitting 36% above the local median of 4.2%/yr at 5.8%/yr. That is the better end of the local range on this measure.
The counties themselves spread 2.0%/yr on income growth, so Madison County, MO sits at one end of an already wide local range rather than apart from it. Madison County, MO has the 2nd highest income growth of the 6 areas compared here.
| 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. |
|---|---|---|---|---|---|
| Madison County, MO | 12,729 | $56,103 #4/6 | 5.8%/yr #2/6 | 4.8% #5/6 | 0.501 #1/6 |
| Bollinger County, MO | 10,559 | $62,593 | 6.0%/yr | 3.5% | 0.517 |
| St. Francois County, MO | 66,999 | $58,481 | 4.4%/yr | 4.5% | 0.558 |
| Wayne County, MO | 10,862 | $47,247 | 4.2%/yr | 7.3% | 0.526 |
| Iron County, MO | 9,446 | $49,236 | 4.0%/yr | 3.0% | 0.520 |
| Ste. Genevieve County, MO | 18,571 | $68,236 | 4.2%/yr | 4.2% | 0.514 |
Conclusion
Considering all these factors, Madison 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 Madison County, Missouri.
How Rich Is Madison County, Missouri?
Madison 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 $56,103, about 21% lower than the Missouri average of $70,801.
How has median household income changed in Madison County, Missouri?
Between 2009 and 2024, the median household income in Madison County, Missouri rose 69%, from $33,232 to $56,103. Over the same years, income here outpaced Missouri as a whole: +69% against +54%.
What was the median household income in Madison County in 2023?
In 2023, the median household income in Madison County, Missouri was $58,179, up 7% from $54,443 in 2022. The Missouri median that year was $69,047.
What was the median household income in Madison County in 2020?
In 2020, the median household income in Madison County, Missouri was $47,471. By 2024 it had risen 18% to $56,103.
What is the Gini coefficient in Madison County, Missouri?
The Gini coefficient in Madison County is 0.501. 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 Madison County, Missouri?
Since 2009, the income gap between men and women in Madison County, Missouri has narrowed from about 37% to 8% in 2024. Over that period the gap in 2020 women out-earned men by 7%. In dollar terms, the gap has narrowed by $9,186 since 2009.
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