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 | Jackson County | Michigan Avg | US Average |
|---|---|---|---|
| Median Household Income | $64,983 | $71,353 | $78,145 |
| Median Personal Income | $56,255 | $60,704 | $61,726 |
| Average income growth | 4.5% | 4.9% | 5.1% |
| Six-Figure Earners | 7.6% | 10.8% | 13.2% |
The median household income in Jackson County is about 9% lower than in Michigan. Income has been growing slower in Jackson County (4.5%/yr) than in Michigan (4.9%/yr).
About 8% of adults in Jackson 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 Jackson County, Michigan grew by 36.1% from 2009 to 2023, reaching $64,983 in 2023. That's an average of about 4.5% per year.
Economic Inequality in Jackson County | Gender Pay Gap | Gini Coefficient
| Metric | Jackson County | Michigan Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.544 | 0.556 | 0.570 |
| Male Median Income | $61,840 | $67,497 | $67,746 |
| Female Median Income | $50,964 | $52,846 | $54,793 |
| Gender Pay Gap | 17.6% | 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 Jackson County, it is 0.544, lower than Michigan's 0.556, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 21% more than women's income in Jackson County, Michigan. Over a 35-year career, a 21% wage gap accumulates to roughly $380,660 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Jackson County, Michigan has narrowed from about 25% to 18% in 2023. In dollar terms, the gap has narrowed by $741 since 2009.
Employment
| Metric | Jackson County | Michigan Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.8% | 5.8% | 5.2% |
| Working from Home | 9.0% | 12.0% | 13.4% |
| Commute time (minutes) | 17 | 21 | 22 |
Approximately 4,282 people are unemployed in Jackson County, Michigan.
The average commute time in Jackson County is 17 minutes, shorter than the 21 minutes in Michigan.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Jackson County, Michigan has fallen from 11.3% to 5.8% in 2023.
Conclusion
Considering all these factors, Jackson 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 Jackson County, Michigan.
How Rich Is Jackson County, Michigan?
Jackson 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 $64,983, about 9% lower than the Michigan average of $71,353.
What is the current median household income in Jackson County, Michigan?
As of 2023, the median household income in Jackson County, Michigan is $64,983.
What was the median household income in Jackson County in 2023?
In 2023, the median household income in Jackson County, Michigan was $64,983.
What was the median household income in Jackson County in 2020?
In 2020, the median household income in Jackson County, Michigan was $55,127.
What is the Gini coefficient in Jackson County, Michigan?
The Gini coefficient in Jackson County is 0.544. 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 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Jackson County, Michigan?
Since 2009, the income gap between men and women in Jackson County, Michigan has narrowed from about 25% to 18% in 2023. In dollar terms, the gap has narrowed by $741 since 2009.