Montcalm County, Michigan Income Statistics
Montcalm County Wealth Score
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.
-
C
Montcalm County Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Montcalm County | Michigan Avg | US Average |
|---|---|---|---|
| Median Household Income | $67,531 | $72,977 | $80,455 |
| Median Personal Income | $50,353 | $59,920 | $60,758 |
| Average Yearly Income Growth | 5.7% | 4.6% | 4.8% |
| Six-Figure Earners | 5.8% | 11.4% | 13.9% |
| $200k+ Households | 3.7% | 9.5% | 13.2% |
The median household income in Montcalm County is about 7% lower than in Michigan. Income has been growing faster in Montcalm County (5.7%/yr) than in Michigan (4.6%/yr).
About 6% of adults in Montcalm County 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 Montcalm County, Michigan grew by 65.0% from 2009 to 2024, reaching $67,531 in 2024. That's an average of about 5.7% per year.
Income Inequality and the Gender Pay Gap in Montcalm County
| Metric | Montcalm County | Michigan Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.537 | 0.539 | 0.552 |
| Male Median Income | $58,601 | $69,354 | $69,667 |
| Female Median Income | $44,538 | $54,749 | $56,850 |
| Gender Pay Gap | 24.0% | 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 Montcalm County, it is 0.537, 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 32% more than women's income in Montcalm County, Michigan. Over a 35-year career, a 32% wage gap accumulates to roughly $492,205 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Montcalm County, Michigan has narrowed from about 25% to 24% in 2024. Over that period the gap was widest at 28% in 2020, and was narrowest at 20% in 2014. In dollar terms, the gap has widened by $4,127 since 2009.
Employment
| Metric | Montcalm County | Michigan Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.0% | 5.7% | 5.2% |
| Working from Home | 6.9% | 13.5% | 15.0% |
| Commute time (minutes) | 28 | 21 | 22 |
Approximately 1,555 people are unemployed in Montcalm County, Michigan.
The average commute time in Montcalm County is 28 minutes, longer than the 21 minutes in Michigan.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Montcalm County, Michigan has fallen from 14.7% to 5.0% in 2024. Over that period the rate fell as low as 3.8% in 2019.
Montcalm County, MI Wealth Compared With Nearby Counties
Montcalm County, MI is typical in size for this group, 67,816 residents against a local median of 64,565, so the measures below are close to a like for like comparison. The measure that sets Montcalm County, MI apart most is unemployment: 5.0%, 21% above the local median of 4.2%. That is the weaker end of the local range on this measure.
The counties themselves spread 2.5% on unemployment, so Montcalm County, MI sits at one end of an already wide local range rather than apart from it. Montcalm County, MI has the 5th lowest unemployment of the 6 areas compared here.
| 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. |
|---|---|---|---|---|---|
| Montcalm County, MI | 67,816 | $67,531 #3/6 | 5.7%/yr #1/6 | 5.0% #5/6 | 0.537 #4/6 |
| Mecosta County, MI | 41,242 | $61,188 | 4.9%/yr | 4.0% | 0.534 |
| Ionia County, MI | 66,574 | $75,790 | 5.4%/yr | 3.9% | 0.530 |
| Isabella County, MI | 64,565 | $55,505 | 4.0%/yr | 6.4% | 0.555 |
| Kent County, MI | 662,843 | $83,335 | 5.3%/yr | 4.2% | 0.517 |
| Gratiot County, MI | 41,391 | $64,123 | 5.2%/yr | 4.2% | 0.571 |
Conclusion
Considering all these factors, Montcalm 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 Montcalm County, Michigan.
How Rich Is Montcalm County, Michigan?
Montcalm 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 $67,531, about 7% lower than the Michigan average of $72,977.
How fast is household income rising in Montcalm County, Michigan?
Between 2009 and 2024, the median household income in Montcalm County, Michigan rose 65%, from $40,918 to $67,531. Over the same years, income here outpaced Michigan as a whole: +65% against +50%.
What was the median household income in Montcalm County in 2023?
In 2023, the median household income in Montcalm County, Michigan was $64,785, up 6% from $61,122 in 2022. The Michigan median that year was $71,362.
What was the median household income in Montcalm County in 2020?
In 2020, the median household income in Montcalm County, Michigan was $53,100. By 2024 it had risen 27% to $67,531.
What is the Gini coefficient in Montcalm County, Michigan?
The Gini coefficient in Montcalm 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 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Montcalm County, Michigan?
Since 2009, the income gap between men and women in Montcalm County, Michigan has narrowed from about 25% to 24% in 2024. Over that period the gap was widest at 28% in 2020, and was narrowest at 20% in 2014. In dollar terms, the gap has widened by $4,127 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →