Wealth Index
Wealthier than 73% of counties in Michigan
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.
Income Statistics Overview
| Metric | Shiawassee County | Michigan Avg | US Average |
|---|---|---|---|
| Median Household Income | $65,434 | $71,353 | $78,145 |
| Median Personal Income | $54,136 | $60,704 | $61,726 |
| Average income growth | 4.5% | 4.9% | 5.1% |
| Six-Figure Earners | 6.8% | 10.8% | 13.2% |
The median household income in Shiawassee County is about 8% lower than in Michigan. Income has been growing slower in Shiawassee County (4.5%/yr) than in Michigan (4.9%/yr).
About 7% of adults in Shiawassee County earn six figures ($100,000 or more) a year, lower than the Michigan average of 11%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Shiawassee County, Michigan grew by 41.6% from 2009 to 2023, reaching $65,434 in 2023. That's an average of about 4.5% per year.
Economic Inequality in Shiawassee County | Gender Pay Gap | Gini Coefficient
| Metric | Shiawassee County | Michigan Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.505 | 0.556 | 0.570 |
| Male Median Income | $59,570 | $67,497 | $67,746 |
| Female Median Income | $47,846 | $52,846 | $54,793 |
| Gender Pay Gap | 19.7% | 21.7% | 19.1% |
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 Shiawassee County, it is 0.505, lower than Michigan's 0.556, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 25% more than women's income in Shiawassee County, Michigan. Over a 35-year career, a 25% wage gap accumulates to roughly $410,340 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Shiawassee County, Michigan has narrowed from about 23% to 20% in 2023. In dollar terms, the gap has widened by $1,686 since 2009.
Employment
| Metric | Shiawassee County | Michigan Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.4% | 5.8% | 5.2% |
| Working from Home | 7.5% | 12.0% | 13.4% |
| Commute time (minutes) | 25 | 21 | 22 |
Approximately 1,436 people are unemployed in Shiawassee County, Michigan.
The average commute time in Shiawassee County is 25 minutes, longer than the 21 minutes in Michigan.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Shiawassee County, Michigan has fallen from 11.5% to 4.4% in 2023.
Conclusion
Considering all these factors, Shiawassee 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 Shiawassee County, Michigan.
How Rich Is Shiawassee County, Michigan?
Shiawassee 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 $65,434, about 8% lower than the Michigan average of $71,353.
What is the current median household income in Shiawassee County, Michigan?
As of 2023, the median household income in Shiawassee County, Michigan is $65,434.
What was the median household income in Shiawassee County in 2023?
In 2023, the median household income in Shiawassee County, Michigan was $65,434.
What was the median household income in Shiawassee County in 2020?
In 2020, the median household income in Shiawassee County, Michigan was $56,846.
What is the Gini coefficient in Shiawassee County, Michigan?
The Gini coefficient in Shiawassee County is 0.505. 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 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Shiawassee County, Michigan?
Since 2009, the income gap between men and women in Shiawassee County, Michigan has narrowed from about 23% to 20% in 2023. In dollar terms, the gap has widened by $1,686 since 2009.