GITNUX MARKETDATA REPORT 2024
Statistics About The Average Household Income Michigan
The average household income in Michigan is approximately $60,000 per year.
In this post, we will explore the landscape of household income in Michigan, highlighting key statistics that shed light on the economic diversity within the state. From median household incomes in different cities to income distribution across various demographics, we will provide a comprehensive overview of the financial landscape in Michigan as of recent years.
Statistic 1
"The median household income in Michigan was $61,411 as of 2021."
Statistic 2
"Average household income in Michigan increased by 1.42% from 2020 to 2021."
Statistic 3
"Among cities in Michigan, Keego Harbor has the highest median household income of $113,750."
Statistic 4
"Detroit city has the lowest median household income in Michigan at $32,855."
Statistic 5
"The total number of households in Michigan as of 2019 was about 3.95 million."
Statistic 6
"The median family household income in Michigan was $78,613 in 2019."
Statistic 7
"14.4% of the population in Michigan live below the poverty line."
Statistic 8
"Michigan's average wealth based on household income is less than that of the U.S, with a ratio of 0.90."
Statistic 9
"The per capita income for Michigan in 2019 was $30,490."
Statistic 10
"As of 2019, the GINI index for income disparity in Michigan is 0.467, above the national average of 0.463."
Statistic 11
"Among employed adults in Michigan, those working in Management occupations have the highest median income at $69,203."
Statistic 12
"The income-to-poverty ratio in Michigan is 2.01, significantly lower than the U.S. average."
Statistic 13
"Michigan veterans have a higher median income ($37,904) compared to non-veterans."
Statistic 14
"The highest proportion of households have an income in the $75,000 - $100,000 range in Michigan, with a rate of 12.7%."
Statistic 15
"Michigan's Asian population has the highest median household income of $76,797 among all ethnic groups."
Statistic 16
"The median household income in Michigan was $48,273 for black households in 2019."
Statistic 17
"Grand Rapids city has a median household income of $51,103, significantly lower than the state average."
Statistic 18
"About 22.10% households in Michigan earn an income between $50,000 and $74,999."
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