Madison Heights, Michigan Income Statistics
Madison Heights 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.
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C
Madison Heights Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Madison Heights | Michigan Avg | US Average |
|---|---|---|---|
| Median Household Income | $69,481 | $72,977 | $80,455 |
| Median Personal Income | $56,245 | $59,920 | $60,758 |
| Average Yearly Income Growth | 6.0% | 4.6% | 4.8% |
| Six-Figure Earners | 9.4% | 11.4% | 13.9% |
| $200k+ Households | 4.4% | 9.5% | 13.2% |
The median household income in Madison Heights is about 5% lower than in Michigan. Income has been growing faster in Madison Heights (6.0%/yr) than in Michigan (4.6%/yr).
About 9% of adults in Madison Heights earn six figures ($100,000 or more) a year, lower than the Michigan average of 11%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Madison Heights, Michigan grew by 50.7% from 2009 to 2024, reaching $69,481 in 2024. That's an average of about 6.0% per year.
Income Inequality and the Gender Pay Gap in Madison Heights
| Metric | Madison Heights | Michigan Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.482 | 0.539 | 0.552 |
| Male Median Income | $64,069 | $69,354 | $69,667 |
| Female Median Income | $60,362 | $54,749 | $56,850 |
| Gender Pay Gap | 5.8% | 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 Madison Heights, it is 0.482, 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 6% more than women's income in Madison Heights, Michigan. Over a 35-year career, a 6% wage gap accumulates to roughly $129,745 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Madison Heights, Michigan has narrowed from about 11% to 6% in 2024. Over that period the gap was widest at 16% in 2020. In dollar terms, the gap has narrowed by $1,099 since 2009.
Employment
| Metric | Madison Heights | Michigan Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.8% | 5.7% | 5.2% |
| Working from Home | 19.5% | 13.5% | 15.0% |
| Commute time (minutes) | 22 | 21 | 22 |
Approximately 467 people are unemployed in Madison Heights, Michigan.
The average commute time in Madison Heights is 22 minutes, longer than the 21 minutes in Michigan.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Madison Heights, Michigan has fallen from 14.6% to 2.8% in 2024. Over that period the rate fell as low as 2.8% in 2023.
Madison Heights, MI Wealth Compared With Nearby Cities
How Madison Heights, MI compares with the 1 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. |
|---|---|---|---|---|---|
| Madison Heights, MI | 28,434 | $69,481 #2/2 | 6.0%/yr #1/2 | 2.8% #1/2 | 0.482 #2/2 |
| Royal Oak, MI | 57,530 | $101,778 | 5.0%/yr | 3.5% | 0.469 |
Conclusion
Considering all these factors, Madison Heights, 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 Madison Heights, Michigan.
How Rich Is Madison Heights, Michigan?
Madison Heights 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 $69,481, about 5% lower than the Michigan average of $72,977.
Are incomes growing in Madison Heights, Michigan?
Between 2009 and 2024, the median household income in Madison Heights, Michigan rose 51%, from $46,096 to $69,481. Over the same years, income here outpaced Michigan as a whole: +51% against +50%.
What was the median household income in Madison Heights in 2023?
In 2023, the median household income in Madison Heights, Michigan was $66,786, up 5% from $63,401 in 2022. The Michigan median that year was $71,362.
What was the median household income in Madison Heights in 2020?
In 2020, the median household income in Madison Heights, Michigan was $54,601. By 2024 it had risen 27% to $69,481.
How strong is the job market in Madison Heights, Michigan?
Unemployment in Madison Heights, Michigan is only 2.8%, well below the Michigan rate of 5.7%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Madison Heights, Michigan?
The Gini coefficient in Madison Heights is 0.482. 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 Madison Heights, Michigan?
Since 2009, the income gap between men and women in Madison Heights, Michigan has narrowed from about 11% to 6% in 2024. Over that period the gap was widest at 16% in 2020. In dollar terms, the gap has narrowed by $1,099 since 2009.
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