Wealth Index
Wealthier than 87% of counties 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 | Macomb County | Michigan Avg | US Average |
|---|---|---|---|
| Median Household Income | $76,432 | $71,353 | $78,145 |
| Median Personal Income | $62,065 | $60,704 | $61,726 |
| Average income growth | 4.5% | 4.9% | 5.1% |
| Six-Figure Earners | 11.1% | 10.8% | 13.2% |
The median household income in Macomb County is about 7% higher than in Michigan. Income has been growing slower in Macomb County (4.5%/yr) than in Michigan (4.9%/yr).
About 11% of adults in Macomb County earn six figures ($100,000 or more) a year, about the same as the Michigan average of 11%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Macomb County, Michigan grew by 37.1% from 2009 to 2023, reaching $76,432 in 2023. That's an average of about 4.5% per year.
Economic Inequality in Macomb County | Gender Pay Gap | Gini Coefficient
| Metric | Macomb County | Michigan Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.542 | 0.556 | 0.570 |
| Male Median Income | $70,030 | $67,497 | $67,746 |
| Female Median Income | $52,849 | $52,846 | $54,793 |
| Gender Pay Gap | 24.5% | 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 Macomb County, it is 0.542, 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 33% more than women's income in Macomb County, Michigan. Over a 35-year career, a 33% wage gap accumulates to roughly $601,335 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Macomb County, Michigan has narrowed from about 31% to 25% in 2023. In dollar terms, the gap has narrowed by $238 since 2009.
Employment
| Metric | Macomb County | Michigan Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.8% | 5.8% | 5.2% |
| Working from Home | 11.5% | 12.0% | 13.4% |
| Commute time (minutes) | 23 | 21 | 22 |
Approximately 26,508 people are unemployed in Macomb County, Michigan.
The average commute time in Macomb County is 23 minutes, longer than the 21 minutes in Michigan.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Macomb County, Michigan has fallen from 12.4% to 5.8% in 2023.
Conclusion
Considering all these factors, Macomb 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 Macomb County, Michigan.
How Rich Is Macomb County, Michigan?
Macomb 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 $76,432, about 7% higher than the Michigan average of $71,353.
What is the current median household income in Macomb County, Michigan?
As of 2023, the median household income in Macomb County, Michigan is $76,432.
What was the median household income in Macomb County in 2023?
In 2023, the median household income in Macomb County, Michigan was $76,432.
What was the median household income in Macomb County in 2020?
In 2020, the median household income in Macomb County, Michigan was $65,012.
What is the Gini coefficient in Macomb County, Michigan?
The Gini coefficient in Macomb County is 0.542. 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 Macomb County, Michigan?
Since 2009, the income gap between men and women in Macomb County, Michigan has narrowed from about 31% to 25% in 2023. In dollar terms, the gap has narrowed by $238 since 2009.