Wealth Index
Less wealthy than 70% of counties in Michigan
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.
Income Statistics Overview
| Metric | Crawford County | Michigan Avg | US Average |
|---|---|---|---|
| Median Household Income | $58,191 | $71,353 | $78,145 |
| Median Personal Income | $51,744 | $60,704 | $61,726 |
| Average income growth | 5.1% | 4.9% | 5.1% |
| Six-Figure Earners | 5.0% | 10.8% | 13.2% |
The median household income in Crawford County is about 18% lower than in Michigan. Income has been growing faster in Crawford County (5.1%/yr) than in Michigan (4.9%/yr).
About 5% of adults in Crawford County earn six figures ($100,000 or more) a year, lower than the Michigan average of 11%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Crawford County, Michigan grew by 54.5% from 2009 to 2023, reaching $58,191 in 2023. That's an average of about 5.1% per year.
Economic Inequality in Crawford County | Gender Pay Gap | Gini Coefficient
| Metric | Crawford County | Michigan Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.515 | 0.556 | 0.570 |
| Male Median Income | $55,892 | $67,497 | $67,746 |
| Female Median Income | $48,048 | $52,846 | $54,793 |
| Gender Pay Gap | 14.0% | 21.7% | 19.1% |
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 Crawford County, it is 0.515, lower than Michigan's 0.556, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 16% more than women's income in Crawford County, Michigan. Over a 35-year career, a 16% wage gap accumulates to roughly $274,540 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Crawford County, Michigan has narrowed from about 27% to 14% in 2023. In dollar terms, the gap has narrowed by $2,873 since 2009.
Employment
| Metric | Crawford County | Michigan Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.1% | 5.8% | 5.2% |
| Working from Home | 5.8% | 12.0% | 13.4% |
| Commute time (minutes) | 17 | 21 | 22 |
Approximately 395 people are unemployed in Crawford County, Michigan.
The average commute time in Crawford County is 17 minutes, shorter than the 21 minutes in Michigan.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Crawford County, Michigan has fallen from 16.7% to 7.1% in 2023.
Conclusion
Considering all these factors, Crawford County, Michigan has an overall wealth index grade of D, making it about on par with Michigan, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Crawford County, Michigan.
How Rich Is Crawford County, Michigan?
Crawford 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 $58,191, about 18% lower than the Michigan average of $71,353.
What is the current median household income in Crawford County, Michigan?
As of 2023, the median household income in Crawford County, Michigan is $58,191.
What was the median household income in Crawford County in 2023?
In 2023, the median household income in Crawford County, Michigan was $58,191.
What was the median household income in Crawford County in 2020?
In 2020, the median household income in Crawford County, Michigan was $49,985.
What is the Gini coefficient in Crawford County, Michigan?
The Gini coefficient in Crawford County is 0.515. 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 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Crawford County, Michigan?
Since 2009, the income gap between men and women in Crawford County, Michigan has narrowed from about 27% to 14% in 2023. In dollar terms, the gap has narrowed by $2,873 since 2009.