Montgomery County, Missouri Income Statistics
Montgomery 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.
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D
Montgomery County Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Montgomery County | Missouri Avg | US Average |
|---|---|---|---|
| Median Household Income | $65,608 | $70,801 | $80,455 |
| Median Personal Income | $48,419 | $54,686 | $60,758 |
| Average Yearly Income Growth | 5.9% | 4.6% | 4.8% |
| Six-Figure Earners | 5.4% | 10.5% | 13.9% |
| $200k+ Households | 4.3% | 8.7% | 13.2% |
The median household income in Montgomery County is about 7% lower than in Missouri. Income has been growing faster in Montgomery County (5.9%/yr) than in Missouri (4.6%/yr).
About 5% of adults in Montgomery 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 Montgomery County, Missouri grew by 66.1% from 2009 to 2024, reaching $65,608 in 2024. That's an average of about 5.9% per year.
Income Inequality and the Gender Pay Gap in Montgomery County
| Metric | Montgomery County | Missouri Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.519 | 0.532 | 0.552 |
| Male Median Income | $56,654 | $64,288 | $69,667 |
| Female Median Income | $44,877 | $51,060 | $56,850 |
| Gender Pay Gap | 20.8% | 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 Montgomery County, it is 0.519, 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 26% more than women's income in Montgomery County, Missouri. Over a 35-year career, a 26% wage gap accumulates to roughly $412,195 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Montgomery County, Missouri has narrowed from about 29% to 21% in 2024. Over that period the gap was widest at 37% in 2012. In dollar terms, the gap has widened by $1,056 since 2009.
Employment
| Metric | Montgomery County | Missouri Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.0% | 4.0% | 5.2% |
| Working from Home | 9.0% | 13.0% | 15.0% |
| Commute time (minutes) | 26 | 20 | 22 |
Approximately 158 people are unemployed in Montgomery County, Missouri.
The average commute time in Montgomery County is 26 minutes, longer than the 20 minutes in Missouri.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Montgomery County, Missouri has fallen from 10.1% to 3.0% in 2024. Over that period the rate peaked at 11.7% in 2013 and fell as low as 2.6% in 2020.
Montgomery County, MO Wealth Compared With Nearby Counties
Montgomery County, MO is the smallest of the 6 counties compared here, 11,426 residents against a local median of 24,548. The measure that sets Montgomery County, MO apart most is income growth: 5.9%/yr, 30% above the local median of 4.5%/yr. That is the better end of the local range on this measure.
Unemployment tells the same story from another angle: 3.0% against a local median of 3.9%, 24% below it. Every measure here with a clear better direction points the same way, so Montgomery County, MO is not trading one advantage for another, it reads stronger than its neighbours across the board. The counties themselves spread 2.2%/yr on income growth, so Montgomery County, MO sits at one end of an already wide local range rather than apart from it. Montgomery County, MO has the 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. |
|---|---|---|---|---|---|
| Montgomery County, MO | 11,426 | $65,608 #3/6 | 5.9%/yr #1/6 | 3.0% #1/6 | 0.519 #3/6 |
| Warren County, MO | 37,236 | $81,456 | 5.8%/yr | 3.7% | 0.515 |
| Audrain County, MO | 24,548 | $59,477 | 4.3%/yr | 4.3% | 0.533 |
| Callaway County, MO | 44,740 | $73,833 | 4.9%/yr | 5.1% | 0.520 |
| Pike County, MO | 17,710 | $56,587 | 3.6%/yr | 3.9% | 0.575 |
| Gasconade County, MO | 14,746 | $64,567 | 4.5%/yr | 3.3% | 0.516 |
Conclusion
Considering all these factors, Montgomery County, Missouri has an overall wealth index grade of D, making it about on par with Missouri, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Montgomery County, Missouri.
How Rich Is Montgomery County, Missouri?
Montgomery 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 $65,608, about 7% lower than the Missouri average of $70,801.
How has median household income changed in Montgomery County, Missouri?
Between 2009 and 2024, the median household income in Montgomery County, Missouri rose 66%, from $39,511 to $65,608. Over the same years, income here outpaced Missouri as a whole: +66% against +54%.
What was the median household income in Montgomery County in 2023?
In 2023, the median household income in Montgomery County, Missouri was $61,165, up 5% from $58,305 in 2022. The Missouri median that year was $69,047.
What was the median household income in Montgomery County in 2020?
In 2020, the median household income in Montgomery County, Missouri was $52,984. By 2024 it had risen 24% to $65,608.
Is unemployment high in Montgomery County, Missouri?
Unemployment in Montgomery County, Missouri is only 3.0%, well below the Missouri rate of 4.0%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Montgomery County, Missouri?
The Gini coefficient in Montgomery County is 0.519. 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 Montgomery County, Missouri?
Since 2009, the income gap between men and women in Montgomery County, Missouri has narrowed from about 29% to 21% in 2024. Over that period the gap was widest at 37% in 2012. In dollar terms, the gap has widened by $1,056 since 2009.
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