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.
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Income Statistics Overview
| Metric | Grand Rapids | Michigan Avg | US Average |
|---|---|---|---|
| Median Household Income | $65,867 | $71,353 | $78,145 |
| Median Personal Income | $65,867 | $71,353 | $78,145 |
| Average income growth | 6.4% | 6.4% | 6.4% |
Household Income Trend
Median Household Income Over Time
Grand Rapids
United States
Economic Inequality in Grand Rapids | Gender Pay Gap | Gini Index
| Metric | Grand Rapids | Michigan Avg | US Average |
|---|---|---|---|
| Gini Index | 0.533 | 0.556 | 0.570 |
| Male Median Income | $58,282 | $67,497 | $67,746 |
| Female Median Income | $50,888 | $52,846 | $54,793 |
| Gender Pay Gap | 12.7% | 21.7% | 19.1% |
Income by Sex Over Time
Male
Female
Employment
| Metric | Grand Rapids | Michigan Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.0% | 5.8% | 5.2% |
| Working from Home | 12.3% | 12.0% | 13.4% |
| Commute time (minutes) | 17 | 21 | 22 |
Unemployment Rate Over Time
Grand Rapids
United States