The State of Missouri Income Charts

This section shows the economic outlook and local economy using the most recent economic data from the 2019 Census Bureau. Starting with Figure 1 which shows the median earnings per worker. Missouri shows it has $42,474 median earnings which is the 2nd smallest median earnings of all the other states in the area. The state with the highest median earnings in the group is Minnesota with an earnings of $51,758 compares as 21.9% larger.

In Figure 2 we see a more complete view of income which includes all members in a household using the median household income and it has $53,560 median income which is the smallest median income of all the other states in the area. The state with the highest median income in the group is Minnesota with an income of $68,411 is 27.7% larger.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has 38.8 average hours which is less than most other states in the area. The state with the highest average hours in the group is North Dakota with an average hours of 40.6 is only about 4.6% larger. Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has $21.05 average hourly earnings which is the 2nd smallest average hourly earnings of all the other states in the area. The state with the highest average hourly earnings in the group is Minnesota with an average hourly earnings of $25.99 measures 23.4% larger.

Figure 7 examines the number of self employed people in the area based on the number of people who reported any self employment income. Missouri shows it has 10.3% Self Employed which is the smallest Self Employed of all the other states in the area. The state with the highest Self Employed in the group is South Dakota with a Self Employed of 15.6% is 51.8% larger.

The next chart (Figure 11) shows the percentage of households that had retirement income over the last 12 months and it has 19.9% households with retirement income which is the largest of all statesin the area.

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and it has the largest proportion of Asian Family Income at $88,419 of the total and is ranked #1.

Figure 13 shows the cost of living for a variety of cost components from the Bureau of Labor Statistics. Missouri shows it has hightest cost of 103.4 for cost of miscellaneous items.

The State of Missouri Labor Force Charts

The next two charts look at very recent, monthly trended employment related performance using data estimated by economists at the Bureau of Labor Statistics (BLS). The BLS tracks unemployment statistics for a large number of areas throughout the country on a month to month basis. However, not every location in the U.S. is tracked by the BLS so the chart will only show the closest location available (which may be the same location.) Figure 14 shows the monthly unemployment rate for the area as well as a comparison to the overall national economy measure for the United States. Note that in March to April 2020, the Covid 19 recession or great recession occurred and affects this metric. It shows that from February 2010 to before the Coronavirus Pandemic the monthly unemployment rate went from 10.5% to 3.7% in February 2020. This represents a decrease in the monthly unemployment rate of 64.8%. Since that time, the monthly unemployment rate has gone to 7.1% This represents an increase in the monthly unemployment rate of 91.9%. In Figure 15 the monthly labor force participation which are people actively looking for work are also defined as unemployed but do not include people who have given up looking for work. It shows that from February 2010 to before the Wuhan Coronavirus Pandemic the monthly labor force participation went from 3,032,200 to 3,091,490 in February 2020. This represents an increase in the monthly labor force participation of very little. Since that time, the monthly labor force participation has gone to 3,067,770 This represents a decrease in the monthly labor force participation of very little.

The next two charts look at the annual unemployment rate and is based on the American Community survey. Figure 16 shows Missouri indicates it has 3.2% unemployment rate which is the largest of all statesin the area. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. the state of shows it has 63.0% participation rate which is the smallest participation rate of all the other states in the area.

The Components of Employment Status graph in Figure 18 shows the composition of the labor force broken down by employed, unemployed, and not in the labor force (but 16 years of age or older). Missouri has the largest proportion of not in labor force at 37.0% of the total and is ranked #1.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Missouri shows full time employees compares as approximately 3.5 times bigger than part time employees.

The next employment related data item is shown in Figure 21 which is the percentage of families with only a single earner. Missouri shows it has 26.1% families with a single earner which is the largest of all statesin the area. The percentage of families with no one working is depicted in Figure 22. Missouri indicates it has 17.7% families with no one working which is the highest of all statesin the area.

The State of Missouri Poverty Charts

The next section details information about poverty in the area. In Figure 23 the total number of people earning less than the poverty level are shown. Missouri shows it has 837,930 total people earning less than the poverty level which is the largest of all statesin the area.

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Missouri shows it has 14.2% percent of people earning less than the poverty level which is the largest of all statesin the area.



The next chart, Figure 26, shows the percentage of people in poverty by racial group. Missouri has the largest proportion of White poverty rate at 12% of the total and is ranked #1. Second, it has the largest proportion of Hawaiian poverty rate at 32% of the total and is ranked #1.

Figure 27 shows key poverty statistics for groups based on marriage status. Missouri has the largest proportion of Married with children and in poverty at 9% of the total and is ranked #1. Additionally, Figure 30 looks at the percentage of people who receive some form of public assistance including general assistance, temporary assistance or food stamps (i.e. SNAP.) We can see that the state of shows it has 12.2% households with public assistance which is the highest of all statesin the area.

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). the state of shows it has 46.4% the Gini Index which is the highest of all statesin the area.

The State of Missouri Work Commute Charts

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Missouri has the largest proportion of people with commute time between 30 to 34 minutes at 13% of the total and is ranked #1. Second, it has the largest proportion of people with commute time between 45 to 59 minutes at 7% of the total and is ranked #1.

The average commute time is shown in Figure 37. the state of indicates it has 24 average commute time which is at the top of all other statesin the area.

Figure 38 shows the difference between male versus female commuting time and Missouri shows average commute time in minutes for men is 21.6% larger than average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Missouri has the largest proportion of 1 vehicle available at 20% of the total and is ranked #1. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) the state of shows it has 40% people who both work and live in the same city which is the 2nd smallest people who both work and live in the same city of all the other states in the area. The state with the highest people who both work and live in the same city in the group is South Dakota with a people who both work and live in the same city of 68% is 67.1% larger.

The State of Missouri Jobs Charts

The next to charts break out the median earnings for major job categories for men and women. Figure 46 shows the median earnings of men for the job categories. the state of shows it has hightest median earnings of $75,488 for Earnings-Computer, engineering, and science occupations. Similarly, Figure 47 shows the median earnings of women for the job categories and the state of shows it has hightest median earnings of $59,905 for Earnings-Computer, engineering, and science occupations.

The State of Missouri Self Employment Charts

Figure 49 shows the number of people who are self employed in incorporated businesses by industry. the state of shows it has hightest entrepreneurs of 49% for self employed management, business, science, and arts businesses.

Similar to the last chart is Figure 50 which shows the number of people who are self employed but in more detailed industry categories. the state of shows it has hightest entrepreneurs of 20% for self employed in professional, scientific, management, administrative services.

In Figure 51 the average annual self employment income is shown. the state of shows it has $31,803 average annual self employment income which is the smallest average annual self employment income of all the other states in the area. The state with the highest average annual self employment income in the group is North Dakota with an average annual self employment income of $51,338 compares as 61.4% larger.

Figure 52 shows the difference between the number of self employed men and self employed women. Missouri indicates total number of self-employed men is 79.3% larger than total number of self-employed women.