Schoolcraft County, Michigan Income Statistics
Schoolcraft 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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D
Schoolcraft County Well below averageLess wealthy than 77% of counties in Michigan
Source: Map AI Methodology
Income Statistics Overview
| Metric | Schoolcraft County | Michigan Avg | US Average |
|---|---|---|---|
| Median Household Income | $57,138 | $72,977 | $80,455 |
| Median Personal Income | $52,633 | $59,920 | $60,758 |
| Average Yearly Income Growth | 5.7% | 4.6% | 4.8% |
| Six-Figure Earners | 6.8% | 11.4% | 13.9% |
| $200k+ Households | 3.3% | 9.5% | 13.2% |
The median household income in Schoolcraft County is about 22% lower than in Michigan. Income has been growing faster in Schoolcraft County (5.7%/yr) than in Michigan (4.6%/yr).
About 7% of adults in Schoolcraft 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 Schoolcraft County, Michigan grew by 50.7% from 2009 to 2024, reaching $57,138 in 2024. That's an average of about 5.7% per year.
Income Inequality and the Gender Pay Gap in Schoolcraft County
| Metric | Schoolcraft County | Michigan Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.504 | 0.539 | 0.552 |
| Male Median Income | $68,971 | $69,354 | $69,667 |
| Female Median Income | $45,576 | $54,749 | $56,850 |
| Gender Pay Gap | 33.9% | 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 Schoolcraft County, it is 0.504, 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 51% more than women's income in Schoolcraft County, Michigan. Over a 35-year career, a 51% wage gap accumulates to roughly $818,825 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Schoolcraft County, Michigan has narrowed from about 42% to 34% in 2024. Over that period the gap was narrowest at 27% in 2020. In dollar terms, the gap has widened by $2,805 since 2009.
Employment
| Metric | Schoolcraft County | Michigan Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.2% | 5.7% | 5.2% |
| Working from Home | 4.3% | 13.5% | 15.0% |
| Commute time (minutes) | 12 | 21 | 22 |
Approximately 214 people are unemployed in Schoolcraft County, Michigan.
The average commute time in Schoolcraft County is 12 minutes, shorter than the 21 minutes in Michigan.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Schoolcraft County, Michigan has fallen from 12.9% to 6.2% in 2024. Over that period the rate peaked at 17.1% in 2013.
Schoolcraft County, MI Wealth Compared With Nearby Counties
Schoolcraft County, MI is the 5th largest of the 6 counties compared here, 8,128 residents against a local median of 22,734. The measure that sets Schoolcraft County, MI apart most is unemployment: 6.2%, 46% above the local median of 4.2%. That is the weaker end of the local range on this measure.
The counties themselves spread 6.6% on unemployment, so Schoolcraft County, MI sits at one end of an already wide local range rather than apart from it. Schoolcraft County, MI has the 4th 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. |
|---|---|---|---|---|---|
| Schoolcraft County, MI | 8,128 | $57,138 #5/6 | 5.7%/yr #3/6 | 6.2% #4/6 | 0.504 #2/6 |
| Delta County, MI | 36,813 | $58,589 | 4.2%/yr | 4.2% | 0.516 |
| Leelanau County, MI | 22,734 | $99,683 | 6.8%/yr | 3.4% | 0.517 |
| Luce County, MI | 6,271 | $55,506 | 4.9%/yr | 9.9% | 0.573 |
| Charlevoix County, MI | 26,108 | $76,927 | 5.9%/yr | 3.3% | 0.495 |
| Alger County, MI | 8,761 | $62,450 | 5.4%/yr | 6.8% | 0.558 |
Conclusion
Considering all these factors, Schoolcraft County, 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 Schoolcraft County, Michigan.
How Rich Is Schoolcraft County, Michigan?
Schoolcraft County 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 $57,138, about 22% lower than the Michigan average of $72,977.
Are incomes growing in Schoolcraft County, Michigan?
Between 2009 and 2024, the median household income in Schoolcraft County, Michigan rose 51%, from $37,918 to $57,138. Over the same years, income here kept pace with Michigan as a whole: +51% against +50%.
What was the median household income in Schoolcraft County in 2023?
In 2023, the median household income in Schoolcraft County, Michigan was $57,570, up 6% from $54,468 in 2022. The Michigan median that year was $71,362.
What was the median household income in Schoolcraft County in 2020?
In 2020, the median household income in Schoolcraft County, Michigan was $49,050. By 2024 it had risen 16% to $57,138.
What is the Gini coefficient in Schoolcraft County, Michigan?
The Gini coefficient in Schoolcraft County is 0.504. 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 Schoolcraft County, Michigan?
Since 2009, the income gap between men and women in Schoolcraft County, Michigan has narrowed from about 42% to 34% in 2024. Over that period the gap was narrowest at 27% in 2020. In dollar terms, the gap has widened by $2,805 since 2009.
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