In recent studies, we have analyzed and zeroed-in on the richest cities in a number of states of the U.S. South, including Alabama, Florida, and Georgia. We determined the wealthiest cities in each case based on scoring several key financial factors. This time around, we’re looking at another state, one that straddles the South and the Midwest — Missouri.
We analyzed over 1,000 cities in the state in order to identify the richest cities in Missouri. The way in which we evaluated and scored each city’s ranking is detailed below.
Read on to find out what the richest city in Missouri is, plus the top 50 wealthiest cities in the state overall.
What Are the Richest Cities in Missouri?
In order to put together this list of the richest cities in Missouri, we pulled data from the Census Bureau’s 2022 American Community Survey. From there, we constructed a four-factor scoring system to help identify the wealthiest cities in Missouri:
- Median household income
- Mean (average) household income
- Median home value
- Median property taxes paid
Some important notes to bear in mind about Census data: For certain factors, its numbers have upper limits. For example, for median household income, the Census Bureau has an upper limit of “$250,000+”. For median home value, the upper limit is “$2,000,000+”. Thirdly, for median property taxes paid, the upper limit is “$10,000+”. For these reasons, the mean or average household income dataset is critical because the Census Bureau has exact figures for it. All four of these metrics were scored, added up, and then ranked by the cities’ combined scores.
Below you’ll find a table detailing the top 50 richest cities in Missouri and their respective dollar figures for each metric:
The No. 1 richest city in Missouri in our ranking is Country Life Acres, a village of just 34 total households, roughly 19 miles east of St. Louis. In Country Life Acres, the median household income exceeds $250,000, while its average household income of $617,688 is the highest in Missouri. The reported median home value in Country Life Acres — $1,527,800 — is also the highest in the state. Unsurprisingly, the median property taxes paid per year in Country Life Acres exceeds $10,000.