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 | Ingham County | Michigan Avg | US Average |
|---|---|---|---|
| Median Household Income | $64,424 | $71,353 | $78,145 |
| Median Personal Income | $58,323 | $60,704 | $61,726 |
| Average income growth | 4.6% | 4.9% | 5.1% |
| Six-Figure Earners | 9.5% | 10.8% | 13.2% |
The median household income in Ingham County is about 10% lower than in Michigan. Income has been growing slower in Ingham County (4.6%/yr) than in Michigan (4.9%/yr).
About 10% of adults in Ingham 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 Ingham County, Michigan grew by 41.5% from 2009 to 2023, reaching $64,424 in 2023. That's an average of about 4.6% per year.
Economic Inequality in Ingham County | Gender Pay Gap | Gini Coefficient
| Metric | Ingham County | Michigan Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.570 | 0.556 | 0.570 |
| Male Median Income | $63,191 | $67,497 | $67,746 |
| Female Median Income | $53,369 | $52,846 | $54,793 |
| Gender Pay Gap | 15.5% | 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 Ingham County, it is 0.570, 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 18% more than women's income in Ingham County, Michigan. Over a 35-year career, a 18% wage gap accumulates to roughly $343,770 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Ingham County, Michigan has narrowed from about 22% to 16% in 2023. In dollar terms, the gap has narrowed by $698 since 2009.
Employment
| Metric | Ingham County | Michigan Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.3% | 5.8% | 5.2% |
| Working from Home | 15.2% | 12.0% | 13.4% |
| Commute time (minutes) | 17 | 21 | 22 |
Approximately 9,523 people are unemployed in Ingham County, Michigan.
The average commute time in Ingham County is 17 minutes, shorter than the 21 minutes in Michigan.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Ingham County, Michigan has fallen from 9.6% to 6.3% in 2023.
Conclusion
Considering all these factors, Ingham County, Michigan has an overall wealth index grade of C, making it about on par with Michigan, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Ingham County, Michigan.
How Wealthy Is Ingham County, Michigan?
Ingham County has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $64,424, about 10% lower than the Michigan average of $71,353.
What is the current median household income in Ingham County, Michigan?
As of 2023, the median household income in Ingham County, Michigan is $64,424.
What was the median household income in Ingham County in 2023?
In 2023, the median household income in Ingham County, Michigan was $64,424.
What was the median household income in Ingham County in 2020?
In 2020, the median household income in Ingham County, Michigan was $55,639.
What is the Gini coefficient in Ingham County, Michigan?
The Gini coefficient in Ingham County is 0.570. 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 Ingham County, Michigan?
Since 2009, the income gap between men and women in Ingham County, Michigan has narrowed from about 22% to 16% in 2023. In dollar terms, the gap has narrowed by $698 since 2009.