Okemos, Michigan Income Statistics
Okemos 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
Okemos Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Okemos | Michigan Avg | US Average |
|---|---|---|---|
| Median Household Income | $94,605 | $72,977 | $80,455 |
| Median Personal Income | $86,181 | $59,920 | $60,758 |
| Average Yearly Income Growth | 3.7% | 4.6% | 4.8% |
| Six-Figure Earners | 20.9% | 11.4% | 13.9% |
| $200k+ Households | 21.2% | 9.5% | 13.2% |
The median household income in Okemos is about 30% higher than in Michigan. Income has been growing slower in Okemos (3.7%/yr) than in Michigan (4.6%/yr).
About 21% of adults in Okemos 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 Okemos, Michigan grew by 39.8% from 2009 to 2024, reaching $94,605 in 2024. That's an average of about 3.7% per year.
Income Inequality and the Gender Pay Gap in Okemos
| Metric | Okemos | Michigan Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.578 | 0.539 | 0.552 |
| Male Median Income | $104,899 | $69,354 | $69,667 |
| Female Median Income | $81,463 | $54,749 | $56,850 |
| Gender Pay Gap | 22.3% | 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 Okemos, it is 0.578, higher than Michigan's 0.539, so income is less evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 29% more than women's income in Okemos, Michigan. Over a 35-year career, a 29% wage gap accumulates to roughly $820,260 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Okemos, Michigan has narrowed from about 23% to 22% in 2024. Over that period the gap was widest at 32% in 2013. In dollar terms, the gap has widened by $6,861 since 2009.
Employment
| Metric | Okemos | Michigan Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.1% | 5.7% | 5.2% |
| Working from Home | 24.8% | 13.5% | 15.0% |
| Commute time (minutes) | 16 | 21 | 22 |
Approximately 454 people are unemployed in Okemos, Michigan.
The average commute time in Okemos is 16 minutes, shorter than the 21 minutes in Michigan.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Okemos, Michigan has fallen from 5.4% to 3.1% in 2024. Over that period the rate peaked at 7.1% in 2013.
Okemos, MI Wealth Compared With Nearby Cities
How Okemos, 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. |
|---|---|---|---|---|---|
| Okemos, MI | 26,794 | $94,605 #1/2 | 3.7%/yr #1/2 | 3.1% #1/2 | 0.578 #1/2 |
| East Lansing, MI | 44,400 | $44,970 | 3.5%/yr | 6.5% | 0.661 |
Conclusion
Considering all these factors, Okemos, 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 Okemos, Michigan.
How Wealthy Is Okemos, Michigan?
Okemos 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 $94,605, about 30% higher than the Michigan average of $72,977.
How fast is household income rising in Okemos, Michigan?
Between 2009 and 2024, the median household income in Okemos, Michigan rose 40%, from $67,675 to $94,605. Over the same years, income here lagged behind Michigan as a whole: +40% against +50%.
What was the median household income in Okemos in 2023?
In 2023, the median household income in Okemos, Michigan was $92,994, up 7% from $87,246 in 2022. The Michigan median that year was $71,362.
What was the median household income in Okemos in 2020?
In 2020, the median household income in Okemos, Michigan was $73,795. By 2024 it had risen 28% to $94,605.
Is Okemos, Michigan a high-income area?
Yes. 21% of adults in Okemos, Michigan earn $100,000 or more a year (about 1 in 5), against 11% (about 1 in 9) in Michigan. 21% of households have a combined income of $200,000 or more, compared with 10% in Michigan.
Is unemployment high in Okemos, Michigan?
Unemployment in Okemos, Michigan is only 3.1%, 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 Okemos, Michigan?
The Gini coefficient in Okemos is 0.578. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Okemos, Michigan?
Since 2009, the income gap between men and women in Okemos, Michigan has narrowed from about 23% to 22% in 2024. Over that period the gap was widest at 32% in 2013. In dollar terms, the gap has widened by $6,861 since 2009.
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