Wealth Index
Wealthier than 82% of counties 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 | Perry County | Missouri Avg | US Average |
|---|---|---|---|
| Median Household Income | $64,505 | $69,051 | $78,145 |
| Median Personal Income | $48,179 | $56,130 | $61,726 |
| Average income growth | 2.8% | 4.8% | 5.1% |
| Six-Figure Earners | 7.3% | 9.9% | 13.2% |
The median household income in Perry County is about 7% lower than in Missouri. Income has been growing slower in Perry County (2.8%/yr) than in Missouri (4.8%/yr).
About 7% of adults in Perry 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 Perry County, Missouri grew by 40.7% from 2009 to 2023, reaching $64,505 in 2023. That's an average of about 2.8% per year.
Economic Inequality in Perry County | Gender Pay Gap | Gini Coefficient
| Metric | Perry County | Missouri Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.486 | 0.543 | 0.570 |
| Male Median Income | $54,464 | $62,759 | $67,746 |
| Female Median Income | $41,578 | $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 Perry County, it is 0.486, lower than Missouri's 0.543, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 31% more than women's income in Perry County, Missouri. Over a 35-year career, a 31% wage gap accumulates to roughly $451,010 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Perry County, Missouri has narrowed from about 34% to 24% in 2023. In dollar terms, the gap has narrowed by $775 since 2009.
Employment
| Metric | Perry County | Missouri Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.8% | 4.1% | 5.2% |
| Working from Home | 4.6% | 11.6% | 13.4% |
| Commute time (minutes) | 15 | 21 | 22 |
Approximately 456 people are unemployed in Perry County, Missouri.
The average commute time in Perry County is 15 minutes, shorter than the 21 minutes in Missouri.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Perry County, Missouri has risen from 4.7% to 4.8% in 2023.
Conclusion
Considering all these factors, Perry County, Missouri has an overall wealth index grade of C, making it about on par with Missouri, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Perry County, Missouri.
How Rich Is Perry County, Missouri?
Perry County has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $64,505, about 7% lower than the Missouri average of $69,051.
What is the current median household income in Perry County, Missouri?
As of 2023, the median household income in Perry County, Missouri is $64,505.
What was the median household income in Perry County in 2023?
In 2023, the median household income in Perry County, Missouri was $64,505.
What was the median household income in Perry County in 2020?
In 2020, the median household income in Perry County, Missouri was $57,229.
What is the Gini coefficient in Perry County, Missouri?
The Gini coefficient in Perry County is 0.486. 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 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Perry County, Missouri?
Since 2009, the income gap between men and women in Perry County, Missouri has narrowed from about 34% to 24% in 2023. In dollar terms, the gap has narrowed by $775 since 2009.