New Madrid County, Missouri Income Statistics
New Madrid 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
New Madrid County Well below averageLess wealthy than 85% of counties in Missouri
Source: Map AI Methodology
Income Statistics Overview
| Metric | New Madrid County | Missouri Avg | US Average |
|---|---|---|---|
| Median Household Income | $51,538 | $70,801 | $80,455 |
| Median Personal Income | $42,942 | $54,686 | $60,758 |
| Average Yearly Income Growth | 6.2% | 4.6% | 4.8% |
| Six-Figure Earners | 5.3% | 10.5% | 13.9% |
| $200k+ Households | 4.0% | 8.7% | 13.2% |
The median household income in New Madrid County is about 27% lower than in Missouri. Income has been growing faster in New Madrid County (6.2%/yr) than in Missouri (4.6%/yr).
About 5% of adults in New Madrid 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 New Madrid County, Missouri grew by 60.9% from 2009 to 2024, reaching $51,538 in 2024. That's an average of about 6.2% per year.
Income Inequality and the Gender Pay Gap in New Madrid County
| Metric | New Madrid County | Missouri Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.529 | 0.532 | 0.552 |
| Male Median Income | $52,256 | $64,288 | $69,667 |
| Female Median Income | $38,502 | $51,060 | $56,850 |
| Gender Pay Gap | 26.3% | 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 New Madrid County, it is 0.529, about the same as Missouri's 0.532, so income here is about as evenly distributed as there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 36% more than women's income in New Madrid County, Missouri. Over a 35-year career, a 36% wage gap accumulates to roughly $481,390 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in New Madrid County, Missouri has widened from about 24% to 26% in 2024. Over that period the gap was widest at 30% in 2017, and was narrowest at 16% in 2014. In dollar terms, the gap has widened by $5,248 since 2009.
Sharply against the trend: the pay gap in New Madrid County widened by 2.5 points while Missouri's narrowed by 4.5 points.
Employment
| Metric | New Madrid County | Missouri Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.4% | 4.0% | 5.2% |
| Working from Home | 3.3% | 13.0% | 15.0% |
| Commute time (minutes) | 17 | 20 | 22 |
Approximately 222 people are unemployed in New Madrid County, Missouri.
The average commute time in New Madrid County is 17 minutes, shorter than the 20 minutes in Missouri.
Unemployment Rate Over Time
Since 2011, the unemployment rate in New Madrid County, Missouri has fallen from 7.1% to 3.4% in 2024. Over that period the rate peaked at 11.4% in 2016.
New Madrid County, MO Wealth Compared With Nearby Counties
New Madrid County, MO is typical in size for this group, 15,731 residents against a local median of 14,958, so the measures below are close to a like for like comparison. New Madrid County, MO's income growth, at 6.2%/yr, runs 17% above the 5.3%/yr typical of the counties around it. That is the better end of the local range on this measure.
The counties themselves spread 6.8%/yr on income growth, so New Madrid County, MO sits at one end of an already wide local range rather than apart from it. New Madrid 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. |
|---|---|---|---|---|---|
| New Madrid County, MO | 15,731 | $51,538 #3/6 | 6.2%/yr #2/6 | 3.4% #3/6 | 0.529 #3/6 |
| Lake County, TN | 6,577 | $29,158 | -0.1%/yr | 4.9% | 0.711 |
| Stoddard County, MO | 28,470 | $57,628 | 5.3%/yr | 3.7% | 0.514 |
| Pemiscot County, MO | 14,958 | $40,104 | 3.0%/yr | 9.7% | 0.587 |
| Mississippi County, MO | 11,898 | $48,699 | 6.7%/yr | 2.7% | 0.561 |
| Scott County, MO | 37,932 | $61,714 | 5.5%/yr | 2.9% | 0.519 |
Conclusion
Considering all these factors, New Madrid 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 New Madrid County, Missouri.
How Rich Is New Madrid County, Missouri?
New Madrid 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 $51,538, about 27% lower than the Missouri average of $70,801.
Are incomes growing in New Madrid County, Missouri?
Between 2009 and 2024, the median household income in New Madrid County, Missouri rose 61%, from $32,025 to $51,538. Over the same years, income here outpaced Missouri as a whole: +61% against +54%.
What was the median household income in New Madrid County in 2023?
In 2023, the median household income in New Madrid County, Missouri was $49,052, up 11% from $44,380 in 2022. The Missouri median that year was $69,047.
What was the median household income in New Madrid County in 2020?
In 2020, the median household income in New Madrid County, Missouri was $40,131. By 2024 it had risen 28% to $51,538.
What is the Gini coefficient in New Madrid County, Missouri?
The Gini coefficient in New Madrid County is 0.529. 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 New Madrid County, Missouri?
Since 2009, the income gap between men and women in New Madrid County, Missouri has widened from about 24% to 26% in 2024. Over that period the gap was widest at 30% in 2017, and was narrowest at 16% in 2014. In dollar terms, the gap has widened by $5,248 since 2009.
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