Southfield, Michigan Income Statistics
Southfield 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.
-
C
Southfield Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Southfield | Michigan Avg | US Average |
|---|---|---|---|
| Median Household Income | $68,267 | $72,977 | $80,455 |
| Median Personal Income | $61,951 | $59,920 | $60,758 |
| Average Yearly Income Growth | 3.9% | 4.6% | 4.8% |
| Six-Figure Earners | 11.0% | 11.4% | 13.9% |
| $200k+ Households | 7.5% | 9.5% | 13.2% |
The median household income in Southfield is about 6% lower than in Michigan. Income has been growing slower in Southfield (3.9%/yr) than in Michigan (4.6%/yr).
About 11% of adults in Southfield earn six figures ($100,000 or more) a year, about the same as the Michigan average of 11%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Southfield, Michigan grew by 29.7% from 2009 to 2024, reaching $68,267 in 2024. That's an average of about 3.9% per year.
Income Inequality and the Gender Pay Gap in Southfield
| Metric | Southfield | Michigan Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.509 | 0.539 | 0.552 |
| Male Median Income | $69,736 | $69,354 | $69,667 |
| Female Median Income | $63,519 | $54,749 | $56,850 |
| Gender Pay Gap | 8.9% | 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 Southfield, it is 0.509, 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 10% more than women's income in Southfield, Michigan. Over a 35-year career, a 10% wage gap accumulates to roughly $217,595 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Southfield, Michigan has narrowed from about 13% to 9% in 2024. Over that period the gap was widest at 14% in 2021, and was narrowest at 7% in 2020. In dollar terms, the gap has narrowed by $253 since 2009.
Employment
| Metric | Southfield | Michigan Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.9% | 5.7% | 5.2% |
| Working from Home | 17.0% | 13.5% | 15.0% |
| Commute time (minutes) | 22 | 21 | 22 |
Approximately 2,733 people are unemployed in Southfield, Michigan.
The average commute time in Southfield is 22 minutes, longer than the 21 minutes in Michigan.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Southfield, Michigan has fallen from 11.9% to 6.9% in 2024. Over that period the rate peaked at 14.2% in 2013 and fell as low as 6.5% in 2022.
Conclusion
Considering all these factors, Southfield, 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 Southfield, Michigan.
How Rich Is Southfield, Michigan?
Southfield 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 $68,267, about 6% lower than the Michigan average of $72,977.
Are incomes growing in Southfield, Michigan?
Between 2009 and 2024, the median household income in Southfield, Michigan rose 30%, from $52,641 to $68,267. Over the same years, income here lagged behind Michigan as a whole: +30% against +50%.
What was the median household income in Southfield in 2023?
In 2023, the median household income in Southfield, Michigan was $65,706, up 2% from $64,131 in 2022. The Michigan median that year was $71,362.
What was the median household income in Southfield in 2020?
In 2020, the median household income in Southfield, Michigan was $58,601. By 2024 it had risen 16% to $68,267.
What is the Gini coefficient in Southfield, Michigan?
The Gini coefficient in Southfield is 0.509. 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 Southfield, Michigan?
Since 2009, the income gap between men and women in Southfield, Michigan has narrowed from about 13% to 9% in 2024. Over that period the gap was widest at 14% in 2021, and was narrowest at 7% in 2020. In dollar terms, the gap has narrowed by $253 since 2009.
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