Wealth Index
Wealthier than 76% 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 | Worth County | Missouri Avg | US Average |
|---|---|---|---|
| Median Household Income | $46,944 | $69,051 | $78,145 |
| Median Personal Income | $44,009 | $56,130 | $61,726 |
| Average income growth | 0.9% | 4.8% | 5.1% |
| Six-Figure Earners | 5.3% | 9.9% | 13.2% |
The median household income in Worth County is about 32% lower than in Missouri. Income has been growing slower in Worth County (0.9%/yr) than in Missouri (4.8%/yr).
About 5% of adults in Worth 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 Worth County, Missouri grew by 19.3% from 2009 to 2023, reaching $46,944 in 2023. That's an average of about 0.9% per year.
Economic Inequality in Worth County | Gender Pay Gap | Gini Coefficient
| Metric | Worth County | Missouri Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.523 | 0.543 | 0.570 |
| Male Median Income | $66,020 | $62,759 | $67,746 |
| Female Median Income | $30,380 | $49,461 | $54,793 |
| Gender Pay Gap | 54.0% | 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 Worth County, it is 0.523, 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 117% more than women's income in Worth County, Missouri. Over a 35-year career, a 117% wage gap accumulates to roughly $1,247,400 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Worth County, Missouri has widened from about 1% to 54% in 2023. In dollar terms, the gap has widened by $35,232 since 2009.
Employment
| Metric | Worth County | Missouri Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 1.2% | 4.1% | 5.2% |
| Working from Home | 13.1% | 11.6% | 13.4% |
| Commute time (minutes) | 20 | 21 | 22 |
Approximately 11 people are unemployed in Worth County, Missouri.
The average commute time in Worth County is 20 minutes, shorter than the 21 minutes in Missouri.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Worth County, Missouri has fallen from 5.8% to 1.2% in 2023.
Conclusion
Considering all these factors, Worth 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 Worth County, Missouri.
How Rich Is Worth County, Missouri?
Worth 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 $46,944, about 32% lower than the Missouri average of $69,051.
What is the current median household income in Worth County, Missouri?
As of 2023, the median household income in Worth County, Missouri is $46,944.
What was the median household income in Worth County in 2023?
In 2023, the median household income in Worth County, Missouri was $46,944.
What was the median household income in Worth County in 2020?
In 2020, the median household income in Worth County, Missouri was $47,894.
What is the Gini coefficient in Worth County, Missouri?
The Gini coefficient in Worth County is 0.523. 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 Worth County, Missouri?
Since 2009, the income gap between men and women in Worth County, Missouri has widened from about 1% to 54% in 2023. In dollar terms, the gap has widened by $35,232 since 2009.