Michigan City, Indiana Income Statistics
Michigan City Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
D
Michigan City Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Michigan City | Indiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $55,543 | $71,967 | $80,455 |
| Median Personal Income | $46,300 | $55,757 | $60,758 |
| Average Yearly Income Growth | 4.4% | 4.5% | 4.8% |
| Six-Figure Earners | 6.0% | 10.2% | 13.9% |
| $200k+ Households | 3.0% | 8.2% | 13.2% |
The median household income in Michigan City is about 23% lower than in Indiana. Income has been growing slower in Michigan City (4.4%/yr) than in Indiana (4.5%/yr).
About 6% of adults in Michigan City earn six figures ($100,000 or more) a year, lower than the Indiana average of 10%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Michigan City, Indiana grew by 39.2% from 2009 to 2024, reaching $55,543 in 2024. That's an average of about 4.4% per year.
Income Inequality and the Gender Pay Gap in Michigan City
| Metric | Michigan City | Indiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.552 | 0.534 | 0.552 |
| Male Median Income | $55,389 | $65,086 | $69,667 |
| Female Median Income | $44,896 | $51,220 | $56,850 |
| Gender Pay Gap | 18.9% | 21.3% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Michigan City, it is 0.552, higher than Indiana's 0.534, so income is less evenly distributed here than there, and about the same as the US's 0.552, so income here is about as evenly distributed as there.
Men's income is about 23% more than women's income in Michigan City, Indiana. Over a 35-year career, a 23% wage gap accumulates to roughly $367,255 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Michigan City, Indiana has narrowed from about 29% to 19% in 2024. Over that period the gap was widest at 32% in 2010, and was narrowest at 17% in 2022. In dollar terms, the gap has narrowed by $1,945 since 2009.
Employment
| Metric | Michigan City | Indiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 9.0% | 4.3% | 5.2% |
| Working from Home | 7.0% | 10.7% | 15.0% |
| Commute time (minutes) | 16 | 21 | 22 |
Approximately 1,128 people are unemployed in Michigan City, Indiana.
The average commute time in Michigan City is 16 minutes, shorter than the 21 minutes in Indiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Michigan City, Indiana has fallen from 12.7% to 9.0% in 2024. Over that period the rate peaked at 15.2% in 2014 and fell as low as 6.9% in 2020.
Conclusion
Considering all these factors, Michigan City, Indiana has an overall wealth index grade of D, making it somewhat worse than Indiana, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Michigan City, Indiana.
How Rich Is Michigan City, Indiana?
Michigan City has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $55,543, about 23% lower than the Indiana average of $71,967.
How has median household income changed in Michigan City, Indiana?
Between 2009 and 2024, the median household income in Michigan City, Indiana rose 39%, from $39,893 to $55,543. Over the same years, income here lagged behind Indiana as a whole: +39% against +52%.
What was the median household income in Michigan City in 2023?
In 2023, the median household income in Michigan City, Indiana was $56,475, up 3% from $54,663 in 2022. The Indiana median that year was $70,115.
What was the median household income in Michigan City in 2020?
In 2020, the median household income in Michigan City, Indiana was $48,353. By 2024 it had risen 15% to $55,543.
Is unemployment high in Michigan City, Indiana?
Unemployment in Michigan City, Indiana is 9.0%, well above the Indiana rate of 4.3%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Michigan City, Indiana?
The Gini coefficient in Michigan City is 0.552. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.552, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Michigan City, Indiana?
Since 2009, the income gap between men and women in Michigan City, Indiana has narrowed from about 29% to 19% in 2024. Over that period the gap was widest at 32% in 2010, and was narrowest at 17% in 2022. In dollar terms, the gap has narrowed by $1,945 since 2009.
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