Norton Shores, Michigan Income Statistics
Norton Shores 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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B
Norton Shores Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Norton Shores | Michigan Avg | US Average |
|---|---|---|---|
| Median Household Income | $72,926 | $72,977 | $80,455 |
| Median Personal Income | $53,499 | $59,920 | $60,758 |
| Average Yearly Income Growth | 4.3% | 4.6% | 4.8% |
| Six-Figure Earners | 8.1% | 11.4% | 13.9% |
| $200k+ Households | 5.4% | 9.5% | 13.2% |
The median household income in Norton Shores is about the same as in Michigan. Income has been growing slower in Norton Shores (4.3%/yr) than in Michigan (4.6%/yr).
About 8% of adults in Norton Shores 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 Norton Shores, Michigan grew by 49.7% from 2009 to 2024, reaching $72,926 in 2024. That's an average of about 4.3% per year.
Income Inequality and the Gender Pay Gap in Norton Shores
| Metric | Norton Shores | Michigan Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.498 | 0.539 | 0.552 |
| Male Median Income | $60,332 | $69,354 | $69,667 |
| Female Median Income | $51,301 | $54,749 | $56,850 |
| Gender Pay Gap | 15.0% | 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 Norton Shores, it is 0.498, 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 18% more than women's income in Norton Shores, Michigan. Over a 35-year career, a 18% wage gap accumulates to roughly $316,085 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Norton Shores, Michigan has narrowed from about 31% to 15% in 2024. Over that period the gap was widest at 35% in 2012, and was narrowest at 8% in 2022. In dollar terms, the gap has narrowed by $6,308 since 2009.
Employment
| Metric | Norton Shores | Michigan Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.1% | 5.7% | 5.2% |
| Working from Home | 11.8% | 13.5% | 15.0% |
| Commute time (minutes) | 16 | 21 | 22 |
Approximately 524 people are unemployed in Norton Shores, Michigan.
The average commute time in Norton Shores is 16 minutes, shorter than the 21 minutes in Michigan.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Norton Shores, Michigan has fallen from 11.7% to 5.1% in 2024. Over that period the rate peaked at 12.1% in 2013 and fell as low as 4.8% in 2021.
Norton Shores, MI Wealth Compared With Nearby Cities
How Norton Shores, 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. |
|---|---|---|---|---|---|
| Norton Shores, MI | 20,639 | $72,926 #1/2 | 4.3%/yr #2/2 | 5.1% #1/2 | 0.498 #1/2 |
| Muskegon, MI | 37,029 | $45,003 | 6.4%/yr | 9.3% | 0.543 |
Conclusion
Considering all these factors, Norton Shores, 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 Norton Shores, Michigan.
How Rich Is Norton Shores, Michigan?
Norton Shores 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 $72,926, close to the Michigan average of $72,977.
How has median household income changed in Norton Shores, Michigan?
Between 2009 and 2024, the median household income in Norton Shores, Michigan rose 50%, from $48,731 to $72,926. Over the same years, income here kept pace with Michigan as a whole: +50% against +50%.
What was the median household income in Norton Shores in 2023?
In 2023, the median household income in Norton Shores, Michigan was $69,463, about the same as in 2022. The Michigan median that year was $71,362.
What was the median household income in Norton Shores in 2020?
In 2020, the median household income in Norton Shores, Michigan was $61,842. By 2024 it had risen 18% to $72,926.
What is the Gini coefficient in Norton Shores, Michigan?
The Gini coefficient in Norton Shores is 0.498. 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 Norton Shores, Michigan?
Since 2009, the income gap between men and women in Norton Shores, Michigan has narrowed from about 31% to 15% in 2024. Over that period the gap was widest at 35% in 2012, and was narrowest at 8% in 2022. In dollar terms, the gap has narrowed by $6,308 since 2009.
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