LotsCap

Economy Profile

Kansas City MSA

  • Missouri State
  • October, 2024
TSAC-CFD-128140

Table of Content

Snapshot

-

GDP (2022, Thousands)
$ 169501437
AVG Real Growth (2017-2022)
1.76 %
Unemployment Rate (May, 2024)
4.3 %
Labor Force Size
1205450
Number of Businesses
75594
Average Annual Wage
$ 66732

Economy Structure

Population & Household section gives reader an outlook. of general population profile, structure, and outlook.

GDP

GDP (2022, Thousands)
$ 169501437
GDP Per Capita
$ 77371
GDP Growth Rate (2022)
3 %
Average Growth Rate (2017-2022)
1.76 %
Goods Producing Contribution (%)
14.2%
Service Providing Contribution (%)
76.2%
Goverment Contribution
9.6%
GDP Historical Growth Rate
Source: Bureau of Economic Analysis | CAGDP2, CAGDP11
GDP by Sectors
Source: Bureau of Economic Analysis | CAGDP2, CAGDP11
GDP Growth by Sectors
Source: Bureau of Economic Analysis | CAGDP11

Monthly Employment

Total Labor Force
1205450
Labor Force Growth
0.91%
Unemployment
51539
Unemployment Rate
4.3%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
78.5%
Employment Rate (with Bachelor's Degree)
86.6%
Employment Rate (75+ y.o.)
7.2%
Employment Rate (Black)
61.7%
Employment Rate (Female)
74.8%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
75594
Number of Employment
1075922
Annual Average Wages
$ 66732
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 77866
Service-providing (avg pay)
$ 65502
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 78827
Household Income (Median)
$ 104372
Per Capita Income
$ 42460
Per Capita Income Growth (2010-2022)
- %
Gini Index
0.4518*
Poverty Rate
10 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov