Shannon County, Missouri Income Statistics
Shannon 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
Shannon County Well below averageAmong the 3 least wealthy counties in Missouri
Source: Map AI Methodology
Income Statistics Overview
| Metric | Shannon County | Missouri Avg | US Average |
|---|---|---|---|
| Median Household Income | $56,188 | $70,801 | $80,455 |
| Median Personal Income | $40,482 | $54,686 | $60,758 |
| Average Yearly Income Growth | 7.2% | 4.6% | 4.8% |
| Six-Figure Earners | 4.9% | 10.5% | 13.9% |
| $200k+ Households | 1.2% | 8.7% | 13.2% |
The median household income in Shannon County is about 21% lower than in Missouri. Income has been growing faster in Shannon County (7.2%/yr) than in Missouri (4.6%/yr).
About 5% of adults in Shannon 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 Shannon County, Missouri grew by 95.9% from 2009 to 2024, reaching $56,188 in 2024. That's an average of about 7.2% per year.
Income Inequality and the Gender Pay Gap in Shannon County
| Metric | Shannon County | Missouri Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.558 | 0.532 | 0.552 |
| Male Median Income | $55,793 | $64,288 | $69,667 |
| Female Median Income | $33,681 | $51,060 | $56,850 |
| Gender Pay Gap | 39.6% | 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 Shannon County, it is 0.558, 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 66% more than women's income in Shannon County, Missouri. Over a 35-year career, a 66% wage gap accumulates to roughly $773,920 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Shannon County, Missouri has widened from about 26% to 40% in 2024. Over that period the gap was narrowest at 22% in 2010. In dollar terms, the gap has widened by $15,052 since 2009.
Sharply against the trend: the pay gap in Shannon County widened by 13.6 points while Missouri's narrowed by 4.5 points.
Employment
| Metric | Shannon County | Missouri Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 1.3% | 4.0% | 5.2% |
| Working from Home | 7.9% | 13.0% | 15.0% |
| Commute time (minutes) | 17 | 20 | 22 |
Approximately 33 people are unemployed in Shannon County, Missouri.
The average commute time in Shannon County is 17 minutes, shorter than the 20 minutes in Missouri.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Shannon County, Missouri has fallen from 11.3% to 1.3% in 2024.
Shannon County, MO Wealth Compared With Nearby Counties
Shannon County, MO is the 4th largest of the 6 counties compared here, 7,177 residents against a local median of 8,673. Shannon County, MO's unemployment, at 1.3%, runs 74% below the 5.1% 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: 7.2%/yr against a local median of 4.4%/yr, 66% above it. Every measure here with a clear better direction points the same way, so Shannon County, MO is not trading one advantage for another, it reads stronger than its neighbours across the board. The counties themselves spread 7.1% on unemployment, so Shannon County, MO sits at one end of an already wide local range rather than apart from it. Shannon County, MO has the 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. |
|---|---|---|---|---|---|
| Shannon County, MO | 7,177 | $56,188 #1/6 | 7.2%/yr #1/6 | 1.3% #1/6 | 0.558 #6/6 |
| Dent County, MO | 14,539 | $55,555 | 5.0%/yr | 4.4% | 0.521 |
| Oregon County, MO | 8,673 | $42,467 | 4.4%/yr | 5.2% | 0.523 |
| Reynolds County, MO | 6,010 | $45,026 | 2.4%/yr | 10.9% | 0.518 |
| Carter County, MO | 5,297 | $50,000 | 3.5%/yr | 3.8% | 0.516 |
| Texas County, MO | 25,161 | $50,042 | 4.4%/yr | 5.1% | 0.538 |
Conclusion
Considering all these factors, Shannon 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 Shannon County, Missouri.
How Rich Is Shannon County, Missouri?
Shannon 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 $56,188, about 21% lower than the Missouri average of $70,801.
Are incomes growing in Shannon County, Missouri?
Between 2009 and 2024, the median household income in Shannon County, Missouri rose 96%, from $28,676 to $56,188. Over the same years, income here outpaced Missouri as a whole: +96% against +54%.
What was the median household income in Shannon County in 2023?
In 2023, the median household income in Shannon County, Missouri was $58,723, up 27% from $46,385 in 2022. The Missouri median that year was $69,047.
What was the median household income in Shannon County in 2020?
In 2020, the median household income in Shannon County, Missouri was $37,418. By 2024 it had risen 50% to $56,188.
How strong is the job market in Shannon County, Missouri?
Unemployment in Shannon County, Missouri is only 1.3%, 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 Shannon County, Missouri?
The Gini coefficient in Shannon County is 0.558. 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 Shannon County, Missouri?
Since 2009, the income gap between men and women in Shannon County, Missouri has widened from about 26% to 40% in 2024. Over that period the gap was narrowest at 22% in 2010. In dollar terms, the gap has widened by $15,052 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 →