Midland, Michigan Income Statistics
Midland 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.
-
B
Midland Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Midland | Michigan Avg | US Average |
|---|---|---|---|
| Median Household Income | $74,694 | $72,977 | $80,455 |
| Median Personal Income | $65,028 | $59,920 | $60,758 |
| Average Yearly Income Growth | 3.6% | 4.6% | 4.8% |
| Six-Figure Earners | 14.6% | 11.4% | 13.9% |
| $200k+ Households | 11.7% | 9.5% | 13.2% |
The median household income in Midland is about 2% higher than in Michigan. Income has been growing slower in Midland (3.6%/yr) than in Michigan (4.6%/yr).
About 15% of adults in Midland earn six figures ($100,000 or more) a year, higher than the Michigan average of 11%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Midland, Michigan grew by 43.5% from 2009 to 2024, reaching $74,694 in 2024. That's an average of about 3.6% per year.
Income Inequality and the Gender Pay Gap in Midland
| Metric | Midland | Michigan Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.541 | 0.539 | 0.552 |
| Male Median Income | $74,163 | $69,354 | $69,667 |
| Female Median Income | $62,741 | $54,749 | $56,850 |
| Gender Pay Gap | 15.4% | 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 Midland, it is 0.541, about the same as Michigan's 0.539, so income here is about as evenly distributed as there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 18% more than women's income in Midland, Michigan. Over a 35-year career, a 18% wage gap accumulates to roughly $399,770 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Midland, Michigan has narrowed from about 33% to 15% in 2024. Over that period the gap was widest at 37% in 2011, and was narrowest at 14% in 2022. In dollar terms, the gap has narrowed by $8,551 since 2009.
Employment
| Metric | Midland | Michigan Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.3% | 5.7% | 5.2% |
| Working from Home | 12.4% | 13.5% | 15.0% |
| Commute time (minutes) | 13 | 21 | 22 |
Approximately 862 people are unemployed in Midland, Michigan.
The average commute time in Midland is 13 minutes, shorter than the 21 minutes in Michigan.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Midland, Michigan has fallen from 6.3% to 4.3% in 2024. Over that period the rate peaked at 8.1% in 2015 and fell as low as 3.8% in 2020.
Conclusion
Considering all these factors, Midland, 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 Midland, Michigan.
How Rich Is Midland, Michigan?
Midland 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 $74,694, about 2% higher than the Michigan average of $72,977.
How fast is household income rising in Midland, Michigan?
Between 2009 and 2024, the median household income in Midland, Michigan rose 44%, from $52,043 to $74,694. Over the same years, income here lagged behind Michigan as a whole: +44% against +50%.
What was the median household income in Midland in 2023?
In 2023, the median household income in Midland, Michigan was $74,870, up 3% from $72,545 in 2022. The Michigan median that year was $71,362.
What was the median household income in Midland in 2020?
In 2020, the median household income in Midland, Michigan was $62,995. By 2024 it had risen 19% to $74,694.
Is it hard to find a job in Midland, Michigan?
Unemployment in Midland, Michigan is only 4.3%, 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 Midland, Michigan?
The Gini coefficient in Midland is 0.541. 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 Midland, Michigan?
Since 2009, the income gap between men and women in Midland, Michigan has narrowed from about 33% to 15% in 2024. Over that period the gap was widest at 37% in 2011, and was narrowest at 14% in 2022. In dollar terms, the gap has narrowed by $8,551 since 2009.
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