Per capita income in Missouri was $62,604 in 2023, a 6.1 percent increase from 2022. The District of Columbia again led the nation in per capita income at $106,816, followed by Massachusetts, Connecticut, New York, and New Jersey. The per capita income for the U.S. was $69,810 in 2023, a 5.4 percent change from 2022.
Missouri’s per capita income growth generally tracks with the national average. The 2023 annual growth rate of 6.1 percent is 0.7 percentage points higher than that of the national average. States that also had relatively high levels of per capita income growth in 2023 included Wyoming (7.4%), Washington (6.9%), Florida (6.4%), Nebraska (6.4%) and New York (6.2%). Missouri was ranked 6th in the nation for per capita income growth in 2023 at 6.1 percent. In this analysis, per capita income is presented in nominal dollars which means it has not been adjusted for inflation.
In 2023, Missouri’s total personal income was $387.9 billion, a 6.4 percent increase over 2022. The nation’s personal income increased 5.9 percent to $23.38 trillion. California led the nation in total personal income with more than $3.17trillion. Texas, New York, Florida, and Illinois round out the top five.
Net earnings accounted for 58.0 percent of Missouri personal income in 2023. Transfer payments accounted for 20.8 percent and dividends, interest and rent accounted for 21.2 percent. In the U.S., 61.2 percent of personal income was accounted for by net earnings, 18.3 percent by transfer payments and 20.6 percent by dividends, interest, and rent.
The dashboard below can be used to see income data and trends using interactive filters by selecting a desired year.
Source: U.S. Bureau of Economic Analysis
Note: All dollar estimates are in current dollars (not adjusted for inflation). Calculations are performed on unrounded data.
Last updated: September 27, 2024—revised statistics for 2019-2023.