Newaygo County, Michigan Income Statistics
Newaygo 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.
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C
Newaygo County Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Newaygo County | Michigan Avg | US Average |
|---|---|---|---|
| Median Household Income | $63,785 | $72,977 | $80,455 |
| Median Personal Income | $49,797 | $59,920 | $60,758 |
| Average Yearly Income Growth | 4.7% | 4.6% | 4.8% |
| Six-Figure Earners | 5.9% | 11.4% | 13.9% |
| $200k+ Households | 4.6% | 9.5% | 13.2% |
The median household income in Newaygo County is about 13% lower than in Michigan. Income has been growing faster in Newaygo County (4.7%/yr) than in Michigan (4.6%/yr).
About 6% of adults in Newaygo 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 Newaygo County, Michigan grew by 47.0% from 2009 to 2024, reaching $63,785 in 2024. That's an average of about 4.7% per year.
Income Inequality and the Gender Pay Gap in Newaygo County
| Metric | Newaygo County | Michigan Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.514 | 0.539 | 0.552 |
| Male Median Income | $59,935 | $69,354 | $69,667 |
| Female Median Income | $45,598 | $54,749 | $56,850 |
| Gender Pay Gap | 23.9% | 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 Newaygo County, it is 0.514, 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 31% more than women's income in Newaygo County, Michigan. Over a 35-year career, a 31% wage gap accumulates to roughly $501,795 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Newaygo County, Michigan has narrowed from about 25% to 24% in 2024. Over that period the gap was widest at 28% in 2010, and was narrowest at 20% in 2018. In dollar terms, the gap has widened by $3,410 since 2009.
Employment
| Metric | Newaygo County | Michigan Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.4% | 5.7% | 5.2% |
| Working from Home | 8.2% | 13.5% | 15.0% |
| Commute time (minutes) | 23 | 21 | 22 |
Approximately 996 people are unemployed in Newaygo County, Michigan.
The average commute time in Newaygo County is 23 minutes, longer than the 21 minutes in Michigan.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Newaygo County, Michigan has fallen from 13.8% to 4.4% in 2024. Over that period the rate peaked at 14.3% in 2012.
Newaygo County, MI Wealth Compared With Nearby Counties
Newaygo County, MI is the 3rd largest of the 6 counties compared here, 50,792 residents against a local median of 41,242. There is no headline here. Every measure below sits within 15% of the median across the nearest counties, which makes Newaygo County, MI an unremarkable member of its own neighbourhood rather than an outlier in it.
The largest of those small differences is unemployment, 13% below the local median at 4.4% against 5.0%. Newaygo County, MI has the 3rd 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. |
|---|---|---|---|---|---|
| Newaygo County, MI | 50,792 | $63,785 #3/6 | 4.7%/yr #6/6 | 4.4% #3/6 | 0.514 #1/6 |
| Lake County, MI | 11,301 | $50,997 | 6.2%/yr | 7.4% | 0.517 |
| Mecosta County, MI | 41,242 | $61,188 | 4.9%/yr | 4.0% | 0.534 |
| Kent County, MI | 662,843 | $83,335 | 5.3%/yr | 4.2% | 0.517 |
| Osceola County, MI | 23,226 | $58,333 | 5.1%/yr | 6.4% | 0.521 |
| Montcalm County, MI | 67,816 | $67,531 | 5.7%/yr | 5.0% | 0.537 |
Conclusion
Considering all these factors, Newaygo 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 Newaygo County, Michigan.
How Rich Is Newaygo County, Michigan?
Newaygo 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 $63,785, about 13% lower than the Michigan average of $72,977.
Are incomes growing in Newaygo County, Michigan?
Between 2009 and 2024, the median household income in Newaygo County, Michigan rose 47%, from $43,393 to $63,785. Over the same years, income here lagged behind Michigan as a whole: +47% against +50%.
What was the median household income in Newaygo County in 2023?
In 2023, the median household income in Newaygo County, Michigan was $62,686, up 6% from $58,940 in 2022. The Michigan median that year was $71,362.
What was the median household income in Newaygo County in 2020?
In 2020, the median household income in Newaygo County, Michigan was $52,102. By 2024 it had risen 22% to $63,785.
Is unemployment high in Newaygo County, Michigan?
Unemployment in Newaygo County, Michigan is only 4.4%, 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 Newaygo County, Michigan?
The Gini coefficient in Newaygo County is 0.514. 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 Newaygo County, Michigan?
Since 2009, the income gap between men and women in Newaygo County, Michigan has narrowed from about 25% to 24% in 2024. Over that period the gap was widest at 28% in 2010, and was narrowest at 20% in 2018. In dollar terms, the gap has widened by $3,410 since 2009.
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