Raytown, Missouri Income Statistics
Raytown Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
C
Raytown Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Raytown | Missouri Avg | US Average |
|---|---|---|---|
| Median Household Income | $69,474 | $70,801 | $80,455 |
| Median Personal Income | $50,628 | $54,686 | $60,758 |
| Average Yearly Income Growth | 4.6% | 4.6% | 4.8% |
| Six-Figure Earners | 5.9% | 10.5% | 13.9% |
| $200k+ Households | 5.7% | 8.7% | 13.2% |
The median household income in Raytown is about 2% lower than in Missouri. Income has been growing faster in Raytown (4.6%/yr) than in Missouri (4.6%/yr).
About 6% of adults in Raytown 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 Raytown, Missouri grew by 39.8% from 2009 to 2024, reaching $69,474 in 2024. That's an average of about 4.6% per year.
Income Inequality and the Gender Pay Gap in Raytown
| Metric | Raytown | Missouri Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.466 | 0.532 | 0.552 |
| Male Median Income | $59,498 | $64,288 | $69,667 |
| Female Median Income | $46,375 | $51,060 | $56,850 |
| Gender Pay Gap | 22.1% | 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 Raytown, it is 0.466, 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 28% more than women's income in Raytown, Missouri. Over a 35-year career, a 28% wage gap accumulates to roughly $459,305 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Raytown, Missouri has widened from about 11% to 22% in 2024. Over that period the gap was narrowest at 6% in 2011. In dollar terms, the gap has widened by $8,726 since 2009.
Sharply against the trend: the pay gap in Raytown widened by 11.2 points while Missouri's narrowed by 4.5 points.
Employment
| Metric | Raytown | Missouri Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.6% | 4.0% | 5.2% |
| Working from Home | 11.6% | 13.0% | 15.0% |
| Commute time (minutes) | 22 | 20 | 22 |
Approximately 855 people are unemployed in Raytown, Missouri.
The average commute time in Raytown is 22 minutes, longer than the 20 minutes in Missouri.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Raytown, Missouri has fallen from 7.0% to 5.6% in 2024. Over that period the rate peaked at 8.0% in 2016 and fell as low as 3.8% in 2019.
Raytown, MO Wealth Compared With Nearby Cities
Raytown, MO is the 3rd largest of the 4 cities compared here, 28,527 residents against a local median of 96,025. Raytown, MO's income growth, at 4.6%/yr, runs 45% above the 3.2%/yr typical of the cities around it. That is the better end of the local range on this measure.
The cities themselves spread 1.2%/yr on income growth, so Raytown, MO sits at one end of an already wide local range rather than apart from it. Raytown, MO has the highest income growth of the 4 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. |
|---|---|---|---|---|---|
| Raytown, MO | 28,527 | $69,474 #2/4 | 4.6%/yr #1/4 | 5.6% #2/4 | 0.466 #1/4 |
| Lee's Summit, MO | 96,025 | $100,652 | 3.2%/yr | 3.7% | 0.502 |
| Grandview, MO | 26,526 | $53,104 | 2.7%/yr | 6.1% | 0.507 |
| Independence, MO | 120,545 | $60,502 | 3.9%/yr | 5.7% | 0.504 |
Conclusion
Considering all these factors, Raytown, 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 Raytown, Missouri.
How Rich Is Raytown, Missouri?
Raytown 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 $69,474, about 2% lower than the Missouri average of $70,801.
Are incomes growing in Raytown, Missouri?
Between 2009 and 2024, the median household income in Raytown, Missouri rose 40%, from $49,700 to $69,474. Over the same years, income here lagged behind Missouri as a whole: +40% against +54%.
What was the median household income in Raytown in 2023?
In 2023, the median household income in Raytown, Missouri was $67,078, up 5% from $63,951 in 2022. The Missouri median that year was $69,047.
What was the median household income in Raytown in 2020?
In 2020, the median household income in Raytown, Missouri was $56,391. By 2024 it had risen 23% to $69,474.
How strong is the job market in Raytown, Missouri?
Unemployment in Raytown, Missouri is 5.6%, well above the Missouri rate of 4.0%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Raytown, Missouri?
The Gini coefficient in Raytown is 0.466. 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 Raytown, Missouri?
Since 2009, the income gap between men and women in Raytown, Missouri has widened from about 11% to 22% in 2024. Over that period the gap was narrowest at 6% in 2011. In dollar terms, the gap has widened by $8,726 since 2009.
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