Wealth Index
Wealthiest county 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 | St. Charles County | Missouri Avg | US Average |
|---|---|---|---|
| Median Household Income | $103,668 | $69,051 | $78,145 |
| Median Personal Income | $71,809 | $56,130 | $61,726 |
| Average income growth | 4.6% | 4.8% | 5.1% |
| Six-Figure Earners | 17.1% | 9.9% | 13.2% |
The median household income in St. Charles County is about 50% higher than in Missouri. Income has been growing slower in St. Charles County (4.6%/yr) than in Missouri (4.8%/yr).
About 17% of adults in St. Charles County earn six figures ($100,000 or more) a year, higher than the Missouri average of 10%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in St. Charles County, Missouri grew by 47.8% from 2009 to 2023, reaching $103,668 in 2023. That's an average of about 4.6% per year.
Economic Inequality in St. Charles County | Gender Pay Gap | Gini Coefficient
| Metric | St. Charles County | Missouri Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.524 | 0.543 | 0.570 |
| Male Median Income | $81,707 | $62,759 | $67,746 |
| Female Median Income | $62,354 | $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 St. Charles County, it is 0.524, 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 St. Charles County, Missouri. Over a 35-year career, a 31% wage gap accumulates to roughly $677,355 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in St. Charles County, Missouri has narrowed from about 32% to 24% in 2023. In dollar terms, the gap has widened by $995 since 2009.
Employment
| Metric | St. Charles County | Missouri Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.8% | 4.1% | 5.2% |
| Working from Home | 16.0% | 11.6% | 13.4% |
| Commute time (minutes) | 22 | 21 | 22 |
Approximately 6,434 people are unemployed in St. Charles County, Missouri.
The average commute time in St. Charles County is 22 minutes, longer than the 21 minutes in Missouri.
Unemployment Rate Over Time
Since 2011, the unemployment rate in St. Charles County, Missouri has fallen from 6.0% to 2.8% in 2023.
Conclusion
Considering all these factors, St. Charles County, Missouri has an overall wealth index grade of B, making it notably better than Missouri, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in St. Charles County, Missouri.
How Rich Is St. Charles County, Missouri?
St. Charles County has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $103,668, about 50% higher than the Missouri average of $69,051.
What is the current median household income in St. Charles County, Missouri?
As of 2023, the median household income in St. Charles County, Missouri is $103,668.
What was the median household income in St. Charles County in 2023?
In 2023, the median household income in St. Charles County, Missouri was $103,668.
What was the median household income in St. Charles County in 2020?
In 2020, the median household income in St. Charles County, Missouri was $88,244.
What is the Gini coefficient in St. Charles County, Missouri?
The Gini coefficient in St. Charles County is 0.524. 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 St. Charles County, Missouri?
Since 2009, the income gap between men and women in St. Charles County, Missouri has narrowed from about 32% to 24% in 2023. In dollar terms, the gap has widened by $995 since 2009.