Wealth Index
Least wealthy county 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 | Mississippi County | Missouri Avg | US Average |
|---|---|---|---|
| Median Household Income | $46,566 | $69,051 | $78,145 |
| Median Personal Income | $45,058 | $56,130 | $61,726 |
| Average income growth | 7.0% | 4.8% | 5.1% |
| Six-Figure Earners | 2.8% | 9.9% | 13.2% |
The median household income in Mississippi County is about 33% lower than in Missouri. Income has been growing faster in Mississippi County (7.0%/yr) than in Missouri (4.8%/yr).
About 3% of adults in Mississippi 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 Mississippi County, Missouri grew by 60.0% from 2009 to 2023, reaching $46,566 in 2023. That's an average of about 7.0% per year.
Economic Inequality in Mississippi County | Gender Pay Gap | Gini Coefficient
| Metric | Mississippi County | Missouri Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.598 | 0.543 | 0.570 |
| Male Median Income | $52,215 | $62,759 | $67,746 |
| Female Median Income | $39,814 | $49,461 | $54,793 |
| Gender Pay Gap | 23.7% | 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 Mississippi County, it is 0.598, higher than Missouri's 0.543, so income is less evenly distributed here than there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 31% more than women's income in Mississippi County, Missouri. Over a 35-year career, a 31% wage gap accumulates to roughly $434,035 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Mississippi County, Missouri has narrowed from about 28% to 24% in 2023. In dollar terms, the gap has widened by $3,152 since 2009.
Employment
| Metric | Mississippi County | Missouri Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.8% | 4.1% | 5.2% |
| Working from Home | 4.4% | 11.6% | 13.4% |
| Commute time (minutes) | 17 | 21 | 22 |
Approximately 178 people are unemployed in Mississippi County, Missouri.
The average commute time in Mississippi County is 17 minutes, shorter than the 21 minutes in Missouri.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Mississippi County, Missouri has fallen from 13.4% to 3.8% in 2023.
Conclusion
Considering all these factors, Mississippi County, Missouri has an overall wealth index grade of F, making it worse than Missouri, and worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Mississippi County, Missouri.
How Rich Is Mississippi County, Missouri?
Mississippi County has a wealth index grade of F. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an F grade means residents are well below the U.S. average. The median household income is $46,566, about 33% lower than the Missouri average of $69,051.
What is the current median household income in Mississippi County, Missouri?
As of 2023, the median household income in Mississippi County, Missouri is $46,566.
What was the median household income in Mississippi County in 2023?
In 2023, the median household income in Mississippi County, Missouri was $46,566.
What was the median household income in Mississippi County in 2020?
In 2020, the median household income in Mississippi County, Missouri was $34,480.
What is the Gini coefficient in Mississippi County, Missouri?
The Gini coefficient in Mississippi County is 0.598. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.570, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Mississippi County, Missouri?
Since 2009, the income gap between men and women in Mississippi County, Missouri has narrowed from about 28% to 24% in 2023. In dollar terms, the gap has widened by $3,152 since 2009.