The State of Missouri Income Charts

This section shows the Missouri economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Missouri depicts it has a Median earnings of $48,226 which is the second smallest as measured by median earnings per worker of all the other states in the metro area. The state with the highest median earnings per worker in the group is Minnesota which shows a median earnings of $57,586 (19.4% larger).

In Figure 2 a more complete view of income is shown which aggregates income from all members in the household and it has a Median household income of $61,043 which is the smallest in terms of median household income of all the other states in the local area. The state with the highest median household income in the group is Minnesota which depicts a median income of $77,706 (27.3% larger).

The next section examines a variety of different income statistics for the Missouri metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings less than $10,000 at 6.7% of the total and is ranked #1. Second, it has the largest proportion of earnings between $10,000 and $14,999 at 5.6% of the total and is ranked #1. Third, it has the smallest proportion of earnings between $20,000 and $49,999 at 21.7% of the total.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 38.9 which is the second smallest as measured by average hours of all the other states in the local area. The state with the highest average hours in the group is North Dakota which shows an average hours of 39.9 (only about 2.6% larger). Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has a Avg Hrly Earnings of $23.84 which is the second smallest in terms of average hourly earnings of all the other states in the surrounding region. The state with the highest average hourly earnings in the group is Minnesota which depicts an average hourly earnings of $28.99 (21.6% larger).

Figure 7 examines the number of self employed people in the Missouri metro area based on the number of people who reported any self employment income. Missouri depicts it has a Self Employed of 10.4% which is the smallest in terms of percentage of people self employed of all the other states in the area. The state with the highest percentage of people self employed in the group is South Dakota which indicates a percentage self employed of 15.5% (49.3% larger).

Turning our attention to Figure 8, the median household income by age group, has the smallest proportion of median income-under 25 years at $69,318 of the total. Second, it has the smallest proportion of median income-25 to 44 years at $72,907 of the total. Third, it has the smallest proportion of median income-45 to 64 years at $45,364 of the total.

Figure 9 breaks down the source of income and Missouri has the largest proportion of investment and retirement income at 8.2% of the total and is ranked #1. Second, it has the largest proportion of social security at 0.7% of the total and is ranked #1.

The next chart (Figure 11) shows the percentage of households that had retirement income over the last 12 months and it has a With Retirement Income of 23.3% which is more than all other states in the local area.

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and has the smallest proportion of overall family income at $81,463 of the total. Second, it has one of the largest proportions of white family income at $52,538 of the total and is ranked #3. Only #2 North Dakota ($53,538), and #1 Kansas ($56,488) are larger. Third, it has the largest proportion of black family income at $61,018 of the total and is ranked #1. Also, it has the largest proportion of american indian family income at $99,379 of the total and is ranked #1. In addition, it has one of the largest proportions of asian family income at $79,177 of the total and is ranked #2. The only larger state being Minnesota with $79,345. Furthermore, it has one of the largest proportions of hawaiian family income at $60,888 of the total and is ranked #2. The only larger state being Minnesota with $65,318.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Missouri shows it has the hightest cost of 103.4 for the cost of miscellaneous items aggregate.

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 January 2010 to before the Coronavirus Pandemic the monthly unemployment rate went from 10.3% to 3.9% in March 2020. This represents a decrease in the monthly unemployment rate of 62.1%. Since that time, the monthly unemployment rate has gone to 1.8% This represents a decrease in the monthly unemployment rate of 53.8%. 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 Coronavirus Pandemic the monthly labor force participation went from 3,032,198 to 3,071,552 in January 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 3,058,187 This represents a decrease in the monthly labor force participation of very little.

The next two charts look at the annual unemployment rate/eligible for unemployment benefits and is based on the American Community survey. Figure 16 shows Missouri depicts it has a Unemployment Rate of 2.8% which is the largest of all states in the greater Missouri region. 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 a Labor Force Participation of 63.2% which is the smallest in terms of participation rate of all the other states in the metro 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 employed at 2.8% of the total and is ranked #1. Second, it has the largest proportion of unemployed at 36.8% 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 depicts full time employees approximately 3.7 times bigger as the 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 in the greater Missouri area. Missouri depicts it has a Single Earner Families of 25.7% which is the second most of all the states in the greater region. The state with the highest families with a single earner in the group is Kansas which shows a single earners rate of 25.8% ( about the same size). The percentage of families with no one working is depicted in Figure 22. Missouri depicts it has a Families with No One Working of 17.9% which is the highest of all states in the greater Missouri region.

The State of Missouri Poverty Charts

The next section details economy analysis about poverty for residents of the Missouri community. This performance can be enhanced by government programs such as economic opportunity zone to influence manufacturing, job growth, economic opportunity an hopefully lead to economic recovery after the recent Covid 19 recession. In Figure 23 the total number of people earning less than the poverty level are shown. Missouri depicts it has a Total In Poverty of 762,023 which is the most of all states in the greater Missouri region.

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 a Percent of Population In Poverty of 12.8% which is the most of all states in the greater Missouri region.

In Figure 25 people who are in poverty are broken out by age group. Missouri has the largest proportion of person in poverty under 12 years at 10% of the total and is ranked #1. Second, it has the smallest proportion of person in poverty 12 to 17 years at 27% of the total. Third, it has the largest proportion of person in poverty 18 to 34 years at 19% of the total and is ranked #1. Also, it has the largest proportion of person in poverty 35 to 54 years at 12% of the total and is ranked #1.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Missouri has the percentage of black poverty rate the second smallest in terms of white poverty rate of all the other states in the metropolitan area at 21% of the total.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Missouri has the largest proportion of less than highschool in poverty at 13% of the total and is ranked #1. Second, it has the largest proportion of highschool graduate 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.) the state of shows it has a Public Assistance Percent of 10.8% which is at the top of all other states in the greater Missouri region.

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). the state of depicts it has a Gini Index of 46.4% which is more than all other states in the local area.

The State of Missouri Work Commute Charts

The following set of charts detail a variety of metrics that have economic impact, economic grow factors and economic development metrics in the Missouri community and has an impact on other factors such as economic growth, population growth, economic recovery, job growth, etc.. Figure 32 shows a high level view of how the population commutes to work (including the percent of people who work from home.) Missouri has the smallest proportion of people who take public transportation to work at 2% of the total. Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Missouri or elsewhere.) Missouri has the smallest proportion of people who bike at 0% of the total. Second, it has the smallest proportion of people who walked at 2% of the total.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Missouri has the largest proportion of people who leave for work between 530 am to 6am at 9% of the total and is ranked #1. Second, it has the largest proportion of people who leave for work between 9am to 10am at 2% of the total and is ranked #1. Third, it has the largest proportion of people who leave for work between 12noon to 4pm at 7% of the total and is ranked #1.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Missouri has the smallest proportion of people with commute time of less than 5 minutesutes at 11% of the total. Second, it has the smallest proportion of people with commute time between 5 to 9 minutes at 14% of the total. Third, it has the largest proportion of people with commute time between 15 to 19 minutes at 15% of the total and is ranked #1. Also, it has the largest proportion of people with commute time between 25 to 29 minutes at 13% of the total and is ranked #1. In addition, it has the largest proportion of people with commute time between 30 to 34 minutes at 3% of the total and is ranked #1. Furthermore, it has the largest proportion of people with commute time between 40 to 44 minutes at 7% of the total and is ranked #1. Next it has the largest proportion of people with commute time between 60 to 89 minutes at 2% of the total and is ranked #1.

The average commute time is shown in Figure 37. the state of shows it has a Avg Commute Time of 24 which is more than all other states in the greater Missouri region. Figure 38 shows the difference between male versus female commuting time. Missouri indicates average commute time in minutes for men 24.9% larger as the 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 no vehicle available at 19% of the total and is ranked #1. Second, it has the smallest proportion of 2 vehicles available at 22% of the total. Third, it has the smallest proportion of 4 vehicles available at 5% of the total. 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 a Work in city or place where live of 43% which is the second smallest in order of people who both work and live in the same city of all the other states in the local area. The state with the highest people who both work and live in the same city in the group is South Dakota which depicts a people who both work and live in the same city of 68% (59.2% 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 depicts it has the hightest median earnings of $80,290 for the earnings-computer, engineering, and science occupations category. Similarly, Figure 47 shows the median earnings of women for the job categories and the state of shows it has the hightest median earnings of $65,821 for the earnings-computer, engineering, and science occupations category. The table in Figure 48, shows Missouri employment data in terms of job categories and salary data.

The State of Missouri Self Employment Charts

Figure 49 shows economic activity in terms of the number of people who are self employed in incorporated local business by industry. the state of shows it has the hightest entrepreneurs of 47% for the self employed management, business, science, and arts businesses group.

Similar to the last chart is Figure 50 which shows the number of people who are self employed but in more detailed industry categories such as manufacturing, retail sales, residential real estate, commercial real estate, health care, exports/imports, and advanced industries, etc. the state of depicts it has the hightest entrepreneurs of 20% for the self employed in professional, scientific, management, administrative services classification.

In Figure 51 the average annual self employment/entrepreneur income is shown. the state of shows it has a Self Employment Income of $36,630 which is the second smallest in terms of average annual self employment income of all the other states in the surrounding region. The state with the highest average annual self employment income in the group is North Dakota which shows an average annual self employment income of $49,374 (34.8% larger).

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Missouri shows total number of self-employed men 72.4% larger as the total number of self-employed women.