Cole County, Missouri
Income Data
U.S. Census Bureau ACSAt a Glance
Economic Indicators
How Cole County Compares
Detailed Income Statistics
Income Advisory: Cole County
Income Verdict
Cole County has a median household income of $73,273 and per capita income of $37,325 — a gap of $35,948, suggesting a typical mix of dual-income and single-earner households.
Housing Affordability
With median gross rent at $804/month and a median household income of $73,273, rent consumes approximately 13.2% of monthly income — well within affordable thresholds.
Economic Context
A median household income of $73,273 suggests moderate-to-strong purchasing power, generally sufficient to cover essentials with room for discretionary spending in most markets. Per capita income of $37,325 is in line with national norms for individual earners.
Neighbor Context
Cole County earns approximately 23.1% above the Missouri state median household income of $59,503, positioning it favorably within the state.
Data Story
About Household Income in Cole County, Missouri
Cole County nearly matches U.S. earnings
Cole County's median household income of $73,273 trails the national median of $74,755 by just $1,482, placing it squarely in the national mainstream. This near-parity reflects a healthy, competitive regional economy.
Missouri's income leader in this region
Cole County's median income of $73,273 surpasses Missouri's state average of $59,503 by 23.2%, making it one of the state's strongest-earning counties. This $13,770 edge signals robust employment and economic opportunity.
Cole County tops regional competition
Cole County ($73,273) leads Clinton County ($70,625) and DeKalb County ($69,093), establishing itself as the income powerhouse of central Missouri. This regional leadership reflects a diversified economy and stable employment base.
Rental costs are very manageable
Cole County's rent-to-income ratio of just 13.2% is well below the 15% affordability benchmark, giving renters substantial financial breathing room. With a median home value of $214,400, homeownership remains within reach for typical households.
Strong income supports long-term planning
Cole County residents enjoy one of Missouri's best platforms for wealth building, with the financial capacity to invest aggressively in retirement and education. Consider working with a financial advisor to maximize tax-advantaged accounts and diversify investments.
Frequently Asked Questions
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Income Comparison Calculator
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Your income is above the Cole County median
County median: $73,273 per year
vs. County Median
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vs. State Average
+23%
vs. National Median
-2%
Income Adequacy
Your monthly income ($6,106) vs. median rent ($804/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.