Alcona County, Michigan Income Statistics
Alcona County Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
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D
Alcona County Well below averageLess wealthy than 83% of counties in Michigan
Source: Map AI Methodology
Income Statistics Overview
| Metric | Alcona County | Michigan Avg | US Average |
|---|---|---|---|
| Median Household Income | $56,104 | $72,977 | $80,455 |
| Median Personal Income | $48,471 | $59,920 | $60,758 |
| Average Yearly Income Growth | 4.9% | 4.6% | 4.8% |
| Six-Figure Earners | 6.0% | 11.4% | 13.9% |
| $200k+ Households | 3.5% | 9.5% | 13.2% |
The median household income in Alcona County is about 23% lower than in Michigan. Income has been growing faster in Alcona County (4.9%/yr) than in Michigan (4.6%/yr).
About 6% of adults in Alcona County earn six figures ($100,000 or more) a year, lower than the Michigan average of 11%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Alcona County, Michigan grew by 60.2% from 2009 to 2024, reaching $56,104 in 2024. That's an average of about 4.9% per year.
Income Inequality and the Gender Pay Gap in Alcona County
| Metric | Alcona County | Michigan Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.489 | 0.539 | 0.552 |
| Male Median Income | $60,149 | $69,354 | $69,667 |
| Female Median Income | $45,942 | $54,749 | $56,850 |
| Gender Pay Gap | 23.6% | 21.1% | 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 Alcona County, it is 0.489, lower than Michigan's 0.539, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 31% more than women's income in Alcona County, Michigan. Over a 35-year career, a 31% wage gap accumulates to roughly $497,245 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Alcona County, Michigan has widened from about 23% to 24% in 2024. Over that period the gap was widest at 32% in 2013, and was narrowest at 10% in 2018. In dollar terms, the gap has widened by $6,177 since 2009.
Sharply against the trend: the pay gap in Alcona County widened by 0.6 points while Michigan's narrowed by 7.0 points.
Employment
| Metric | Alcona County | Michigan Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.5% | 5.7% | 5.2% |
| Working from Home | 10.9% | 13.5% | 15.0% |
| Commute time (minutes) | 22 | 21 | 22 |
Approximately 178 people are unemployed in Alcona County, Michigan.
The average commute time in Alcona County is 22 minutes, longer than the 21 minutes in Michigan.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Alcona County, Michigan has fallen from 15.5% to 4.5% in 2024.
Alcona County, MI Wealth Compared With Nearby Counties
Alcona County, MI is the smallest of the 6 counties compared here, 10,397 residents against a local median of 25,347. Alcona County, MI's unemployment, at 4.5%, runs 27% below the 6.2% typical of the counties around it. That is the better end of the local range on this measure.
Income growth tells the same story from another angle: 4.9%/yr against a local median of 4.0%/yr, 22% above it. Every measure here with a clear better direction points the same way, so Alcona County, MI is not trading one advantage for another, it reads stronger than its neighbours across the board. The counties themselves spread 2.4% on unemployment, so Alcona County, MI sits at one end of an already wide local range rather than apart from it. Alcona County, MI has the 2nd lowest unemployment of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Alcona County, MI | 10,397 | $56,104 #4/6 | 4.9%/yr #2/6 | 4.5% #2/6 | 0.489 #1/6 |
| Iosco County, MI | 25,347 | $50,099 | 3.2%/yr | 6.5% | 0.516 |
| Alpena County, MI | 28,880 | $54,138 | 4.0%/yr | 6.2% | 0.527 |
| Huron County, MI | 31,113 | $58,914 | 4.0%/yr | 4.1% | 0.500 |
| Presque Isle County, MI | 13,209 | $59,470 | 4.5%/yr | 6.5% | 0.494 |
| Arenac County, MI | 15,076 | $58,562 | 5.2%/yr | 6.0% | 0.491 |
Conclusion
Considering all these factors, Alcona County, Michigan has an overall wealth index grade of D, making it somewhat worse than Michigan, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Alcona County, Michigan.
How Wealthy Is Alcona County, Michigan?
Alcona County 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 $56,104, about 23% lower than the Michigan average of $72,977.
Are incomes growing in Alcona County, Michigan?
Between 2009 and 2024, the median household income in Alcona County, Michigan rose 60%, from $35,015 to $56,104. Over the same years, income here outpaced Michigan as a whole: +60% against +50%.
What was the median household income in Alcona County in 2023?
In 2023, the median household income in Alcona County, Michigan was $55,550, up 10% from $50,486 in 2022. The Michigan median that year was $71,362.
What was the median household income in Alcona County in 2020?
In 2020, the median household income in Alcona County, Michigan was $43,284. By 2024 it had risen 30% to $56,104.
Is unemployment high in Alcona County, Michigan?
Unemployment in Alcona County, Michigan is only 4.5%, well below the Michigan rate of 5.7%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Alcona County, Michigan?
The Gini coefficient in Alcona County is 0.489. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Alcona County, Michigan?
Since 2009, the income gap between men and women in Alcona County, Michigan has widened from about 23% to 24% in 2024. Over that period the gap was widest at 32% in 2013, and was narrowest at 10% in 2018. In dollar terms, the gap has widened by $6,177 since 2009.
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