Saginaw, Michigan Income Statistics
Saginaw 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.
-
D
Saginaw Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Saginaw | Michigan Avg | US Average |
|---|---|---|---|
| Median Household Income | $38,361 | $72,977 | $80,455 |
| Median Personal Income | $39,670 | $59,920 | $60,758 |
| Average Yearly Income Growth | 3.6% | 4.6% | 4.8% |
| Six-Figure Earners | 2.1% | 11.4% | 13.9% |
| $200k+ Households | 1.3% | 9.5% | 13.2% |
The median household income in Saginaw is about 47% lower than in Michigan. Income has been growing slower in Saginaw (3.6%/yr) than in Michigan (4.6%/yr).
About 2% of adults in Saginaw 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 Saginaw, Michigan grew by 42.0% from 2009 to 2024, reaching $38,361 in 2024. That's an average of about 3.6% per year.
Income Inequality and the Gender Pay Gap in Saginaw
| Metric | Saginaw | Michigan Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.533 | 0.539 | 0.552 |
| Male Median Income | $44,607 | $69,354 | $69,667 |
| Female Median Income | $41,480 | $54,749 | $56,850 |
| Gender Pay Gap | 7.0% | 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 Saginaw, it is 0.533, 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 8% more than women's income in Saginaw, Michigan. Over a 35-year career, a 8% wage gap accumulates to roughly $109,445 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Saginaw, Michigan has narrowed from about 16% to 7% in 2024. Over that period the gap was widest at 21% in 2020. In dollar terms, the gap has narrowed by $2,643 since 2009.
Employment
| Metric | Saginaw | Michigan Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 10.1% | 5.7% | 5.2% |
| Working from Home | 7.7% | 13.5% | 15.0% |
| Commute time (minutes) | 16 | 21 | 22 |
Approximately 1,900 people are unemployed in Saginaw, Michigan.
The average commute time in Saginaw is 16 minutes, shorter than the 21 minutes in Michigan.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Saginaw, Michigan has fallen from 20.0% to 10.1% in 2024.
Conclusion
Considering all these factors, Saginaw, Michigan has an overall wealth index grade of D, making it somewhat worse than Michigan, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Saginaw, Michigan.
How Rich Is Saginaw, Michigan?
Saginaw has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $38,361, about 47% lower than the Michigan average of $72,977.
How has median household income changed in Saginaw, Michigan?
Between 2009 and 2024, the median household income in Saginaw, Michigan rose 42%, from $27,009 to $38,361. Over the same years, income here lagged behind Michigan as a whole: +42% against +50%.
What was the median household income in Saginaw in 2023?
In 2023, the median household income in Saginaw, Michigan was $37,444, up 5% from $35,672 in 2022. The Michigan median that year was $71,362.
What was the median household income in Saginaw in 2020?
In 2020, the median household income in Saginaw, Michigan was $30,958. By 2024 it had risen 24% to $38,361.
How strong is the job market in Saginaw, Michigan?
Unemployment in Saginaw, Michigan is 10.1%, well above the Michigan rate of 5.7%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Saginaw, Michigan?
The Gini coefficient in Saginaw is 0.533. 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 Saginaw, Michigan?
Since 2009, the income gap between men and women in Saginaw, Michigan has narrowed from about 16% to 7% in 2024. Over that period the gap was widest at 21% in 2020. In dollar terms, the gap has narrowed by $2,643 since 2009.
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