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 Heights | Michigan Avg | US Average |
|---|---|---|---|
| Median Household Income | $61,002 | $71,353 | $78,145 |
| Median Personal Income | $57,207 | $60,704 | $61,726 |
| Average income growth | 4.2% | 4.9% | 5.1% |
| Six-Figure Earners | 6.3% | 10.8% | 13.2% |
The median household income in Dearborn Heights is about 15% lower than in Michigan. Income has been growing slower in Dearborn Heights (4.2%/yr) than in Michigan (4.9%/yr).
About 6% of adults in Dearborn Heights 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 Heights, Michigan grew by 25.3% from 2009 to 2023, reaching $61,002 in 2023. That's an average of about 4.2% per year.
Economic Inequality in Dearborn Heights | Gender Pay Gap | Gini Coefficient
| Metric | Dearborn Heights | Michigan Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.572 | 0.556 | 0.570 |
| Male Median Income | $61,577 | $67,497 | $67,746 |
| Female Median Income | $49,769 | $52,846 | $54,793 |
| Gender Pay Gap | 19.2% | 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 Heights, it is 0.572, higher than Michigan's 0.556, so income is less evenly distributed here than there, and about the same as the US's 0.570, so income here is about as evenly distributed as there.
Men's income is about 24% more than women's income in Dearborn Heights, Michigan. Over a 35-year career, a 24% wage gap accumulates to roughly $413,280 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 Heights, Michigan has narrowed from about 25% to 19% in 2023. In dollar terms, the gap has narrowed by $593 since 2009.
Employment
| Metric | Dearborn Heights | Michigan Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.5% | 5.8% | 5.2% |
| Working from Home | 9.9% | 12.0% | 13.4% |
| Commute time (minutes) | 22 | 21 | 22 |
Approximately 2,096 people are unemployed in Dearborn Heights, Michigan.
The average commute time in Dearborn Heights is 22 minutes, longer than the 21 minutes in Michigan.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Dearborn Heights, Michigan has fallen from 13.4% to 7.5% in 2023.
Conclusion
Considering all these factors, Dearborn Heights, 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 Dearborn Heights, Michigan.
How Rich Is Dearborn Heights, Michigan?
Dearborn Heights 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 $61,002, about 15% lower than the Michigan average of $71,353.
What is the current median household income in Dearborn Heights, Michigan?
As of 2023, the median household income in Dearborn Heights, Michigan is $61,002.
What was the median household income in Dearborn Heights in 2023?
In 2023, the median household income in Dearborn Heights, Michigan was $61,002.
What was the median household income in Dearborn Heights in 2020?
In 2020, the median household income in Dearborn Heights, Michigan was $50,978.
What is the Gini coefficient in Dearborn Heights, Michigan?
The Gini coefficient in Dearborn Heights is 0.572. 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 0.570, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Dearborn Heights, Michigan?
Since 2009, the income gap between men and women in Dearborn Heights, Michigan has narrowed from about 25% to 19% in 2023. In dollar terms, the gap has narrowed by $593 since 2009.