Wealth Index
Wealthiest county in Michigan
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 | Livingston County | Michigan Avg | US Average |
|---|---|---|---|
| Median Household Income | $101,420 | $71,353 | $78,145 |
| Median Personal Income | $75,662 | $60,704 | $61,726 |
| Average income growth | 4.0% | 4.9% | 5.1% |
| Six-Figure Earners | 17.0% | 10.8% | 13.2% |
The median household income in Livingston County is about 42% higher than in Michigan. Income has been growing slower in Livingston County (4.0%/yr) than in Michigan (4.9%/yr).
About 17% of adults in Livingston County earn six figures ($100,000 or more) a year, higher than the Michigan average of 11%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Livingston County, Michigan grew by 36.5% from 2009 to 2023, reaching $101,420 in 2023. That's an average of about 4.0% per year.
Economic Inequality in Livingston County | Gender Pay Gap | Gini Coefficient
| Metric | Livingston County | Michigan Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.537 | 0.556 | 0.570 |
| Male Median Income | $86,162 | $67,497 | $67,746 |
| Female Median Income | $62,833 | $52,846 | $54,793 |
| Gender Pay Gap | 27.1% | 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 Livingston County, it is 0.537, 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 37% more than women's income in Livingston County, Michigan. Over a 35-year career, a 37% wage gap accumulates to roughly $816,515 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Livingston County, Michigan has narrowed from about 37% to 27% in 2023. In dollar terms, the gap has narrowed by $1,302 since 2009.
Employment
| Metric | Livingston County | Michigan Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.7% | 5.8% | 5.2% |
| Working from Home | 14.5% | 12.0% | 13.4% |
| Commute time (minutes) | 30 | 21 | 22 |
Approximately 3,754 people are unemployed in Livingston County, Michigan.
The average commute time in Livingston County is 30 minutes, longer than the 21 minutes in Michigan.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Livingston County, Michigan has fallen from 9.0% to 3.7% in 2023.
Conclusion
Considering all these factors, Livingston County, 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 Livingston County, Michigan.
How Rich Is Livingston County, Michigan?
Livingston County 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 $101,420, about 42% higher than the Michigan average of $71,353.
What is the current median household income in Livingston County, Michigan?
As of 2023, the median household income in Livingston County, Michigan is $101,420.
What was the median household income in Livingston County in 2023?
In 2023, the median household income in Livingston County, Michigan was $101,420.
What was the median household income in Livingston County in 2020?
In 2020, the median household income in Livingston County, Michigan was $84,929.
What is the Gini coefficient in Livingston County, Michigan?
The Gini coefficient in Livingston County is 0.537. 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 Livingston County, Michigan?
Since 2009, the income gap between men and women in Livingston County, Michigan has narrowed from about 37% to 27% in 2023. In dollar terms, the gap has narrowed by $1,302 since 2009.