Boone County, Missouri
Income Data
U.S. Census Bureau ACSAt a Glance
Economic Indicators
How Boone County Compares
Detailed Income Statistics
Income Advisory: Boone County
Income Verdict
Boone County has a median household income of $69,913 and per capita income of $38,945 — a gap of $30,968, suggesting a higher share of single-earner or non-family households.
Housing Affordability
With median gross rent at $1,060/month and a median household income of $69,913, rent consumes approximately 18.2% of monthly income — well within affordable thresholds.
Economic Context
A median household income of $69,913 suggests moderate-to-strong purchasing power, generally sufficient to cover essentials with room for discretionary spending in most markets. Per capita income of $38,945 is in line with national norms for individual earners.
Neighbor Context
Boone County earns approximately 17.5% above the Missouri state median household income of $59,503, positioning it favorably within the state.
Data Story
About Household Income in Boone County, Missouri
Boone exceeds state but trails nation
Boone County's median household income of $69,913 surpasses Missouri's state average of $59,503 but falls about $4,850 short of the national median of $74,755. The county ranks solidly in the middle range nationally, reflecting a moderately prosperous community.
Top earners in Missouri
Boone County ranks among Missouri's highest-income counties with a median household income of $69,913—about $10,400 above the state average. The county's per capita income of $38,945 also leads the state average by nearly $8,000, signaling strong earning power.
Outearns most regional peers
Boone's $69,913 median income tops neighboring Callaway County ($72,645) is slightly higher, but Boone clearly outpaces Buchanan County ($59,423) and Butler County ($49,213). The county's economic strength reflects its status as home to the University of Missouri and associated professional jobs.
Higher rents reflect desirability
Boone's rent-to-income ratio of 18.2% is slightly elevated compared to the 30% affordability threshold, reflecting higher living costs in an educated, university-town market. The median home value of $254,100 requires substantial income but remains achievable for many two-earner households.
Leverage education for wealth growth
Boone's higher incomes create meaningful opportunities to invest beyond basic expenses and housing costs. Residents should prioritize maxing out employer 401(k) matches, diversifying investments, and exploring tax-advantaged savings vehicles to compound wealth over decades.
Frequently Asked Questions
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Income Comparison Calculator
See how your household income compares in Boone County
Your income is above the Boone County median
County median: $69,913 per year
vs. County Median
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vs. State Average
+17%
vs. National Median
-6%
Income Adequacy
Your monthly income ($5,826) vs. median rent ($1,060/mo). A ratio of 3.3x or higher means rent is under 30% of income.
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.