Phelps County, Missouri
Income Data
At a Glance
How Phelps County Compares
Detailed Income Statistics
Data Story
About Household Income in Phelps County, Missouri
Phelps lags behind the nation
Phelps County's median household income of $55,427 falls 25.8% below the national median of $74,755. This gap suggests households here earn substantially less than the typical American family, reflecting broader rural income challenges across Missouri's interior.
Below Missouri average
Phelps County ranks in the lower half of Missouri counties, with median income running $4,076 below the state average of $59,503. The county's per capita income of $29,191 also trails Missouri's $31,011 average, indicating fewer high-earning households.
Neighbors show mixed fortunes
Phelps sits among a cluster of counties with modest incomes: Pike County ($57,572) and Putnam County ($56,875) are slightly ahead, while Polk County ($56,686) and Randolph County ($55,310) are nearly on par. Platte County ($95,748) stands as a clear regional outlier with nearly 73% higher household income.
Housing costs remain manageable
At 17.3%, Phelps County's rent-to-income ratio sits at a reasonable level, meaning renters spend a sustainable share of earnings on housing. However, the median home value of $194,900 still represents 3.5 years of median household income, requiring significant savings for homeownership.
Build financial security here
Phelps County households earning $55,427 can strengthen their position through consistent saving and investing. Starting with even a modest emergency fund of $1,000–$2,000 protects against unexpected costs, while exploring employer retirement plans and low-cost index funds compounds wealth over time.
Frequently Asked Questions
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Income Comparison Calculator
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Your income is above the Phelps County median
County median: $55,427 per year
vs. County Median
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vs. State Average
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vs. National Median
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Your monthly income ($4,619) vs. median rent ($801/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.