Holt, Michigan Income Statistics
Holt Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
B
Holt Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Holt | Michigan Avg | US Average |
|---|---|---|---|
| Median Household Income | $83,673 | $72,977 | $80,455 |
| Median Personal Income | $59,234 | $59,920 | $60,758 |
| Average Yearly Income Growth | 5.3% | 4.6% | 4.8% |
| Six-Figure Earners | 12.4% | 11.4% | 13.9% |
| $200k+ Households | 9.0% | 9.5% | 13.2% |
The median household income in Holt is about 15% higher than in Michigan. Income has been growing faster in Holt (5.3%/yr) than in Michigan (4.6%/yr).
About 12% of adults in Holt earn six figures ($100,000 or more) a year, higher than the Michigan average of 11%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Holt, Michigan grew by 51.9% from 2009 to 2024, reaching $83,673 in 2024. That's an average of about 5.3% per year.
Income Inequality and the Gender Pay Gap in Holt
| Metric | Holt | Michigan Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.499 | 0.539 | 0.552 |
| Male Median Income | $66,677 | $69,354 | $69,667 |
| Female Median Income | $53,467 | $54,749 | $56,850 |
| Gender Pay Gap | 19.8% | 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 Holt, it is 0.499, 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 25% more than women's income in Holt, Michigan. Over a 35-year career, a 25% wage gap accumulates to roughly $462,350 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Holt, Michigan has narrowed from about 33% to 20% in 2024. Over that period the gap was narrowest at 11% in 2015. In dollar terms, the gap has narrowed by $4,944 since 2009.
Employment
| Metric | Holt | Michigan Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.4% | 5.7% | 5.2% |
| Working from Home | 16.9% | 13.5% | 15.0% |
| Commute time (minutes) | 20 | 21 | 22 |
Approximately 630 people are unemployed in Holt, Michigan.
The average commute time in Holt is 20 minutes, shorter than the 21 minutes in Michigan.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Holt, Michigan has fallen from 6.9% to 5.4% in 2024. Over that period the rate peaked at 8.4% in 2014 and fell as low as 4.7% in 2020.
Holt, MI Wealth Compared With Nearby Cities
How Holt, MI compares with the 2 cities closest to it.
| 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. |
|---|---|---|---|---|---|
| Holt, MI | 21,233 | $83,673 #1/3 | 5.3%/yr #1/3 | 5.4% #1/3 | 0.499 #2/3 |
| Lansing, MI | 106,034 | $55,428 | 4.9%/yr | 8.2% | 0.498 |
| East Lansing, MI | 44,400 | $44,970 | 3.5%/yr | 6.5% | 0.661 |
Conclusion
Considering all these factors, Holt, Michigan has an overall wealth index grade of B, making it somewhat better than Michigan, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Holt, Michigan.
How Rich Is Holt, Michigan?
Holt has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $83,673, about 15% higher than the Michigan average of $72,977.
How has median household income changed in Holt, Michigan?
Between 2009 and 2024, the median household income in Holt, Michigan rose 52%, from $55,098 to $83,673. Over the same years, income here outpaced Michigan as a whole: +52% against +50%.
What was the median household income in Holt in 2023?
In 2023, the median household income in Holt, Michigan was $86,272, up 8% from $80,186 in 2022. The Michigan median that year was $71,362.
What was the median household income in Holt in 2020?
In 2020, the median household income in Holt, Michigan was $66,494. By 2024 it had risen 26% to $83,673.
What is the Gini coefficient in Holt, Michigan?
The Gini coefficient in Holt is 0.499. 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 Holt, Michigan?
Since 2009, the income gap between men and women in Holt, Michigan has narrowed from about 33% to 20% in 2024. Over that period the gap was narrowest at 11% in 2015. In dollar terms, the gap has narrowed by $4,944 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →