Muskegon, Michigan Income Statistics
Muskegon 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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F
Muskegon Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Muskegon | Michigan Avg | US Average |
|---|---|---|---|
| Median Household Income | $45,003 | $72,977 | $80,455 |
| Median Personal Income | $41,822 | $59,920 | $60,758 |
| Average Yearly Income Growth | 6.4% | 4.6% | 4.8% |
| Six-Figure Earners | 2.5% | 11.4% | 13.9% |
| $200k+ Households | 1.7% | 9.5% | 13.2% |
The median household income in Muskegon is about 38% lower than in Michigan. Income has been growing faster in Muskegon (6.4%/yr) than in Michigan (4.6%/yr).
About 3% of adults in Muskegon 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 Muskegon, Michigan grew by 55.4% from 2009 to 2024, reaching $45,003 in 2024. That's an average of about 6.4% per year.
Income Inequality and the Gender Pay Gap in Muskegon
| Metric | Muskegon | Michigan Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.543 | 0.539 | 0.552 |
| Male Median Income | $49,535 | $69,354 | $69,667 |
| Female Median Income | $41,931 | $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 Muskegon, it is 0.543, 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 Muskegon, Michigan. Over a 35-year career, a 18% wage gap accumulates to roughly $266,140 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in Muskegon, Michigan has stayed about the same since 2009, at around 15%. Over that period the gap was widest at 22% in 2015, and was narrowest at 7% in 2020. In dollar terms, the gap has widened by $2,199 since 2009.
Employment
| Metric | Muskegon | Michigan Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 9.3% | 5.7% | 5.2% |
| Working from Home | 5.7% | 13.5% | 15.0% |
| Commute time (minutes) | 17 | 21 | 22 |
Approximately 1,479 people are unemployed in Muskegon, Michigan.
The average commute time in Muskegon is 17 minutes, shorter than the 21 minutes in Michigan.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Muskegon, Michigan has fallen from 20.0% to 9.3% in 2024.
Muskegon, MI Wealth Compared With Nearby Cities
How Muskegon, 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. |
|---|---|---|---|---|---|
| Muskegon, MI | 37,029 | $45,003 #2/2 | 6.4%/yr #1/2 | 9.3% #2/2 | 0.543 #2/2 |
| Norton Shores, MI | 20,639 | $72,926 | 4.3%/yr | 5.1% | 0.498 |
Conclusion
Considering all these factors, Muskegon, Michigan has an overall wealth index grade of F, making it worse than Michigan, and worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Muskegon, Michigan.
How Rich Is Muskegon, Michigan?
Muskegon has a wealth index grade of F. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an F grade means residents are well below the U.S. average. The median household income is $45,003, about 38% lower than the Michigan average of $72,977.
Are incomes growing in Muskegon, Michigan?
Between 2009 and 2024, the median household income in Muskegon, Michigan rose 55%, from $28,960 to $45,003. Over the same years, income here outpaced Michigan as a whole: +55% against +50%.
What was the median household income in Muskegon in 2023?
In 2023, the median household income in Muskegon, Michigan was $46,404, up 13% from $40,978 in 2022. The Michigan median that year was $71,362.
What was the median household income in Muskegon in 2020?
In 2020, the median household income in Muskegon, Michigan was $35,374. By 2024 it had risen 27% to $45,003.
How strong is the job market in Muskegon, Michigan?
Unemployment in Muskegon, Michigan is 9.3%, well above the Michigan rate of 5.7%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Muskegon, Michigan?
The Gini coefficient in Muskegon is 0.543. 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 Muskegon, Michigan?
The income gap between men and women in Muskegon, Michigan has stayed about the same since 2009, at around 15%. Over that period the gap was widest at 22% in 2015, and was narrowest at 7% in 2020. In dollar terms, the gap has widened by $2,199 since 2009.
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