Wealth Index
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 | Dearborn | Michigan Avg | US Average |
|---|---|---|---|
| Median Household Income | $64,822 | $71,353 | $78,145 |
| Median Personal Income | $60,639 | $60,704 | $61,726 |
| Average income growth | 4.4% | 4.9% | 5.1% |
| Six-Figure Earners | 9.1% | 10.8% | 13.2% |
The median household income in Dearborn is about 9% lower than in Michigan. Income has been growing slower in Dearborn (4.4%/yr) than in Michigan (4.9%/yr).
About 9% of adults in Dearborn 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 Dearborn, Michigan grew by 33.6% from 2009 to 2023, reaching $64,822 in 2023. That's an average of about 4.4% per year.
Economic Inequality in Dearborn | Gender Pay Gap | Gini Coefficient
| Metric | Dearborn | Michigan Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.634 | 0.556 | 0.570 |
| Male Median Income | $61,845 | $67,497 | $67,746 |
| Female Median Income | $59,129 | $52,846 | $54,793 |
| Gender Pay Gap | 4.4% | 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 Dearborn, it is 0.634, higher than Michigan's 0.556, so income is less evenly distributed here than there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 5% more than women's income in Dearborn, Michigan. Over a 35-year career, a 5% wage gap accumulates to roughly $95,060 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Dearborn, Michigan has narrowed from about 18% to 4% in 2023. In dollar terms, the gap has narrowed by $6,959 since 2009.
Employment
| Metric | Dearborn | Michigan Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.8% | 5.8% | 5.2% |
| Working from Home | 11.6% | 12.0% | 13.4% |
| Commute time (minutes) | 20 | 21 | 22 |
Approximately 3,104 people are unemployed in Dearborn, Michigan.
The average commute time in Dearborn is 20 minutes, shorter than the 21 minutes in Michigan.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Dearborn, Michigan has fallen from 13.0% to 6.8% in 2023.
Conclusion
Considering all these factors, Dearborn, 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 Dearborn, Michigan.
How Rich Is Dearborn, Michigan?
Dearborn 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 $64,822, about 9% lower than the Michigan average of $71,353.
What is the current median household income in Dearborn, Michigan?
As of 2023, the median household income in Dearborn, Michigan is $64,822.
What was the median household income in Dearborn in 2023?
In 2023, the median household income in Dearborn, Michigan was $64,822.
What was the median household income in Dearborn in 2020?
In 2020, the median household income in Dearborn, Michigan was $56,255.
What is the Gini coefficient in Dearborn, Michigan?
The Gini coefficient in Dearborn is 0.634. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.570, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Dearborn, Michigan?
Since 2009, the income gap between men and women in Dearborn, Michigan has narrowed from about 18% to 4% in 2023. In dollar terms, the gap has narrowed by $6,959 since 2009.