Table
| Population | |
|---|---|
| Mean travel time to work (minutes), workers age 16 years+, 2016-2020 | 23.9 |
| Income & Poverty | |
| Median household income (in 2020 dollars), 2016-2020 | $57,290 |
| Per capita income in past 12 months (in 2020 dollars), 2016-2020 | $31,839 |
What is considered high income in Missouri?
(The Center Square) – Bring in at least $419,752 in yearly income, and you’ll be among the top 1 percent of earners in Missouri, according to a 24/7 Wall St. analysis of the ultra wealthy in every state. The $419,752 threshold was the 35th highest among the 50 states, according to the analysis.
What is the average income in Missouri 2021?
Per capita income in Missouri was $55,159 in 2021, a 6.7 percent increase from 2020.
What is the average monthly income in Missouri?
$5,014/month
As of Jul 28, 2022, the average annual pay for the Average jobs category in Missouri is $60,163 a year. Just in case you need a simple salary calculator, that works out to be approximately $28.92 an hour. This is the equivalent of $1,157/week or $5,014/month.
What is middle class income in Missouri?
Mississippi also had the lowest median family income, at $58,503, while Massachusetts had the highest median family income, at $108,348.
America’s Fastest-Growing States.
| State | Household Income Range for Middle Class |
|---|---|
| Missouri | $21,672 – $99,280 |
| Montana | $22,947 – $101,582 |
| Nebraska | $25,928 – $105,225 |
What is a livable salary in Missouri?
Living Wage Calculation for Missouri
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $16.29 | $37.10 |
| Poverty Wage | $6.19 | $12.74 |
| Minimum Wage | $11.15 | $11.15 |
What is the average cost of living in Missouri?
There are too many variables, including whether you’re single or living with someone, whether you have kids, and other considerations. With that in mind, the average cost to live in the state of Missouri lies between $2,202 and $6,411 per month.
What is a good salary for a single person in Missouri?
$25,279 is the 25th percentile. Salaries below this are outliers. $71,126 is the 90th percentile. Salaries above this are outliers.
What is considered low income in Missouri?
You must have a net household income of less than $885 per month if single or widowed. You must have a net household income of less than $1,198 per month if married. Your assets cannot exceed $2,000 if single. Your household assets cannot exceed $4,000 if married.
What income is considered poverty in Missouri?
2021 – 2022 Federal Poverty Guidelines (effective 01/12/22)
| 100 % of Poverty | ||
|---|---|---|
| 1 | $ 13,590 | $ 1,133 |
| 2 | $ 18,310 | $ 1,526 |
| 3 | $ 23,030 | $ 1,919 |
| 4 | $ 27,750 | $ 2,313 |
What is considered upper class in Missouri?
According to the report, here is how much does it take to be considered “rich” in Kansas City, Missouri: Lowest Income to be Considered “Rich” (Top 20%): $109,276. Average Income of the Top 20%: $190,266. Average Income of the Top 5%: $336,124.
What is the poorest town in Missouri?
(The Center Square) – Springfield was ranked the poorest city in Missouri in a 24/7 Wall St.
| Poorest City | Springfield |
|---|---|
| Median Household Income | $36,856 |
| Poverty Rate | 22.9% |
| Median Home Value | $118,100 |
| Population | 167,051 |
What is the richest town in Missouri?
(The Center Square) – Clarkson Valley was ranked the richest town in Missouri in a 24/7 Wall St. analysis examining small, affluent communities where most households earn at least three times the state’s median annual household income.
What is the average net worth in Missouri?
The average net worth of North Dakota families is $339,955.
Net Worth Breakdown by State.
| Rank | State | Amount |
|---|---|---|
| 40 | Missouri | $504,319 |
| 41 | Indiana | $497,440 |
| 42 | Maine | $494,845 |
| 43 | Montana | $490,433 |
What is a teacher’s salary in Missouri?
Missouri’s average teacher salary is around $52,000, and most teacher salaries are on the rise.
How much money does a single person need to live comfortably?
This means a single person needs to make at least $66,434 after taxes to live comfortably. After their basic living expenses are covered, an individual could spend $19,930 on wants and set $13,287 aside for savings or debt paydown.
What is the cost of living in Missouri 2021?
The least expensive areas were the Midwest and Southern states. MERIC derives the cost of living index for each state by averaging the indices of participating cities and metropolitan areas in that state. Missouri’s cost of living index for 2021 was 89.8.
What is the cheapest city to live in in Missouri?
1. Kennett. The most affordable city in Missouri is Kennett, a small town of 10,000 residents. Although small, the city offers many activities, including outdoor concerts, sports games, seasonal festivals.
Where is the cheapest state to live?
Mississippi
1. Mississippi. Coming in as the cheapest state to live in in the United States is Mississippi with a cost of living index score of 83.3. It also has the lowest average housing costs in the nation at 33.7% below the national average.
Why is housing so cheap in Missouri?
Because the median home value in Missouri is about 30% less than the national average. This makes Missouri housing one of the cheapest places in the United States.
What is middle class Missouri?
Missouri. Income needed to be considered middle class: $24,027 – $116,507. Median family income: $73,457 (15th lowest) Share of income held by “middle class”: 46.7% (25th lowest)