Morgan County, Missouri Income Statistics
Morgan 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
Morgan County Well below averageLess wealthy than 82% of counties in Missouri
Source: Map AI Methodology
Income Statistics Overview
| Metric | Morgan County | Missouri Avg | US Average |
|---|---|---|---|
| Median Household Income | $53,120 | $70,801 | $80,455 |
| Median Personal Income | $46,080 | $54,686 | $60,758 |
| Average Yearly Income Growth | 6.3% | 4.6% | 4.8% |
| Six-Figure Earners | 6.6% | 10.5% | 13.9% |
| $200k+ Households | 6.4% | 8.7% | 13.2% |
The median household income in Morgan County is about 25% lower than in Missouri. Income has been growing faster in Morgan County (6.3%/yr) than in Missouri (4.6%/yr).
About 7% of adults in Morgan 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 Morgan County, Missouri grew by 44.8% from 2009 to 2024, reaching $53,120 in 2024. That's an average of about 6.3% per year.
Income Inequality and the Gender Pay Gap in Morgan County
| Metric | Morgan County | Missouri Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.559 | 0.532 | 0.552 |
| Male Median Income | $51,563 | $64,288 | $69,667 |
| Female Median Income | $49,184 | $51,060 | $56,850 |
| Gender Pay Gap | 4.6% | 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 Morgan County, it is 0.559, higher than Missouri's 0.532, so income is less evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 5% more than women's income in Morgan County, Missouri. Over a 35-year career, a 5% wage gap accumulates to roughly $83,265 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Morgan County, Missouri has narrowed from about 28% to 5% in 2024. Over that period the gap was narrowest at 2% in 2023. In dollar terms, the gap has narrowed by $7,108 since 2009.
Employment
| Metric | Morgan County | Missouri Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.9% | 4.0% | 5.2% |
| Working from Home | 11.6% | 13.0% | 15.0% |
| Commute time (minutes) | 26 | 20 | 22 |
Approximately 243 people are unemployed in Morgan County, Missouri.
The average commute time in Morgan County is 26 minutes, longer than the 20 minutes in Missouri.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Morgan County, Missouri has fallen from 12.3% to 2.9% in 2024. Over that period the rate peaked at 17.2% in 2013.
Morgan County, MO Wealth Compared With Nearby Counties
Morgan County, MO is typical in size for this group, 21,717 residents against a local median of 20,151, so the measures below are close to a like for like comparison. Morgan County, MO's unemployment, at 2.9%, runs 24% below the 3.8% typical of the counties around it. That is the better end of the local range on this measure.
Income growth tells the same story from another angle: 6.3%/yr against a local median of 5.2%/yr, 21% above it. The picture is mixed rather than uniform: unemployment runs ahead of the neighbourhood while median household income runs behind it, so Morgan County, MO is trading one against the other rather than simply out-performing what surrounds it. The counties themselves spread 1.8% on unemployment, so Morgan County, MO sits at one end of an already wide local range rather than apart from it. Morgan County, MO has the 2nd lowest unemployment 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. |
|---|---|---|---|---|---|
| Morgan County, MO | 21,717 | $53,120 #5/6 | 6.3%/yr #1/6 | 2.9% #2/6 | 0.559 #6/6 |
| Moniteau County, MO | 15,262 | $65,547 | 3.8%/yr | 2.5% | 0.525 |
| Camden County, MO | 43,667 | $67,395 | 4.8%/yr | 4.3% | 0.529 |
| Benton County, MO | 20,151 | $52,808 | 6.0%/yr | 3.8% | 0.532 |
| Cooper County, MO | 16,823 | $70,419 | 5.8%/yr | 4.3% | 0.528 |
| Pettis County, MO | 43,397 | $60,475 | 5.2%/yr | 3.8% | 0.534 |
Conclusion
Considering all these factors, Morgan 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 Morgan County, Missouri.
How Rich Is Morgan County, Missouri?
Morgan 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 $53,120, about 25% lower than the Missouri average of $70,801.
How fast is household income rising in Morgan County, Missouri?
Between 2009 and 2024, the median household income in Morgan County, Missouri rose 45%, from $36,695 to $53,120. Over the same years, income here lagged behind Missouri as a whole: +45% against +54%.
What was the median household income in Morgan County in 2023?
In 2023, the median household income in Morgan County, Missouri was $49,728, up 2% from $48,568 in 2022. The Missouri median that year was $69,047.
What was the median household income in Morgan County in 2020?
In 2020, the median household income in Morgan County, Missouri was $41,378. By 2024 it had risen 28% to $53,120.
How strong is the job market in Morgan County, Missouri?
Unemployment in Morgan County, Missouri is only 2.9%, 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 Morgan County, Missouri?
The Gini coefficient in Morgan County is 0.559. 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 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Morgan County, Missouri?
Since 2009, the income gap between men and women in Morgan County, Missouri has narrowed from about 28% to 5% in 2024. Over that period the gap was narrowest at 2% in 2023. In dollar terms, the gap has narrowed by $7,108 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →