Taylor, Michigan Income Statistics
Taylor 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
Taylor Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Taylor | Michigan Avg | US Average |
|---|---|---|---|
| Median Household Income | $61,201 | $72,977 | $80,455 |
| Median Personal Income | $50,891 | $59,920 | $60,758 |
| Average Yearly Income Growth | 4.8% | 4.6% | 4.8% |
| Six-Figure Earners | 5.9% | 11.4% | 13.9% |
| $200k+ Households | 4.0% | 9.5% | 13.2% |
The median household income in Taylor is about 16% lower than in Michigan. Income has been growing faster in Taylor (4.8%/yr) than in Michigan (4.6%/yr).
About 6% of adults in Taylor 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 Taylor, Michigan grew by 29.0% from 2009 to 2024, reaching $61,201 in 2024. That's an average of about 4.8% per year.
Income Inequality and the Gender Pay Gap in Taylor
| Metric | Taylor | Michigan Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.521 | 0.539 | 0.552 |
| Male Median Income | $58,844 | $69,354 | $69,667 |
| Female Median Income | $48,941 | $54,749 | $56,850 |
| Gender Pay Gap | 16.8% | 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 Taylor, it is 0.521, 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 20% more than women's income in Taylor, Michigan. Over a 35-year career, a 20% wage gap accumulates to roughly $346,605 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Taylor, Michigan has narrowed from about 28% to 17% in 2024. Over that period the gap was narrowest at 14% in 2020. In dollar terms, the gap has narrowed by $2,726 since 2009.
Employment
| Metric | Taylor | Michigan Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.0% | 5.7% | 5.2% |
| Working from Home | 10.0% | 13.5% | 15.0% |
| Commute time (minutes) | 18 | 21 | 22 |
Approximately 2,062 people are unemployed in Taylor, Michigan.
The average commute time in Taylor is 18 minutes, shorter than the 21 minutes in Michigan.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Taylor, Michigan has fallen from 17.7% to 7.0% in 2024. Over that period the rate peaked at 18.2% in 2012 and fell as low as 6.2% in 2020.
Taylor, MI Wealth Compared With Nearby Cities
Taylor, MI is the largest of the 6 cities compared here, 62,081 residents against a local median of 29,366. Where Taylor, MI breaks from the cities next to it is income growth, sitting 46% above the local median of 3.3%/yr at 4.8%/yr. That is the better end of the local range on this measure.
The cities themselves spread 1.5%/yr on income growth, so Taylor, MI sits at one end of an already wide local range rather than apart from it. Taylor, MI has the highest income growth 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. |
|---|---|---|---|---|---|
| Taylor, MI | 62,081 | $61,201 #3/6 | 4.8%/yr #1/6 | 7.0% #3/6 | 0.521 #3/6 |
| Southgate, MI | 29,366 | $67,038 | 3.3%/yr | 4.2% | 0.491 |
| Allen Park, MI | 27,928 | $83,258 | 2.9%/yr | 4.8% | 0.487 |
| Inkster, MI | 25,428 | $39,588 | 2.9%/yr | 14.4% | 0.575 |
| Lincoln Park, MI | 39,240 | $58,561 | 4.4%/yr | 8.4% | 0.534 |
| Dearborn Heights, MI | 61,726 | $60,570 | 3.6%/yr | 7.9% | 0.574 |
Conclusion
Considering all these factors, Taylor, Michigan has an overall wealth index grade of D, making it about on par with Michigan, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Taylor, Michigan.
How Rich Is Taylor, Michigan?
Taylor 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 $61,201, about 16% lower than the Michigan average of $72,977.
How fast is household income rising in Taylor, Michigan?
Between 2009 and 2024, the median household income in Taylor, Michigan rose 29%, from $47,454 to $61,201. Over the same years, income here lagged behind Michigan as a whole: +29% against +50%.
What was the median household income in Taylor in 2023?
In 2023, the median household income in Taylor, Michigan was $59,462, about the same as in 2022. The Michigan median that year was $71,362.
What was the median household income in Taylor in 2020?
In 2020, the median household income in Taylor, Michigan was $52,899. By 2024 it had risen 16% to $61,201.
What is the Gini coefficient in Taylor, Michigan?
The Gini coefficient in Taylor is 0.521. 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 Taylor, Michigan?
Since 2009, the income gap between men and women in Taylor, Michigan has narrowed from about 28% to 17% in 2024. Over that period the gap was narrowest at 14% in 2020. In dollar terms, the gap has narrowed by $2,726 since 2009.
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