Walker, Michigan Income Statistics
Walker 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.
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B
Walker Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Walker | Michigan Avg | US Average |
|---|---|---|---|
| Median Household Income | $77,523 | $72,977 | $80,455 |
| Median Personal Income | $54,992 | $59,920 | $60,758 |
| Average Yearly Income Growth | 4.6% | 4.6% | 4.8% |
| Six-Figure Earners | 8.8% | 11.4% | 13.9% |
| $200k+ Households | 7.7% | 9.5% | 13.2% |
The median household income in Walker is about 6% higher than in Michigan. Income has been growing slower in Walker (4.6%/yr) than in Michigan (4.6%/yr).
About 9% of adults in Walker 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 Walker, Michigan grew by 53.2% from 2009 to 2024, reaching $77,523 in 2024. That's an average of about 4.6% per year.
Income Inequality and the Gender Pay Gap in Walker
| Metric | Walker | Michigan Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.463 | 0.539 | 0.552 |
| Male Median Income | $68,598 | $69,354 | $69,667 |
| Female Median Income | $50,851 | $54,749 | $56,850 |
| Gender Pay Gap | 25.9% | 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 Walker, it is 0.463, 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 35% more than women's income in Walker, Michigan. Over a 35-year career, a 35% wage gap accumulates to roughly $621,145 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Walker, Michigan has narrowed from about 29% to 26% in 2024. Over that period the gap was narrowest at 18% in 2020. In dollar terms, the gap has widened by $3,157 since 2009.
Employment
| Metric | Walker | Michigan Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.9% | 5.7% | 5.2% |
| Working from Home | 10.1% | 13.5% | 15.0% |
| Commute time (minutes) | 17 | 21 | 22 |
Approximately 409 people are unemployed in Walker, Michigan.
The average commute time in Walker is 17 minutes, shorter than the 21 minutes in Michigan.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Walker, Michigan has fallen from 9.3% to 2.9% in 2024. Over that period the rate fell as low as 2.9% in 2023.
Walker, MI Wealth Compared With Nearby Cities
How Walker, MI compares with the 2 cities closest to it.
| 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. |
|---|---|---|---|---|---|
| Walker, MI | 24,855 | $77,523 #1/3 | 4.6%/yr #3/3 | 2.9% #1/3 | 0.463 #1/3 |
| Grand Rapids, MI | 196,641 | $69,819 | 6.3%/yr | 5.2% | 0.514 |
| Wyoming, MI | 77,126 | $73,270 | 5.4%/yr | 4.1% | 0.493 |
Conclusion
Considering all these factors, Walker, Michigan has an overall wealth index grade of B, making it somewhat better than Michigan, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Walker, Michigan.
How Rich Is Walker, Michigan?
Walker has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $77,523, about 6% higher than the Michigan average of $72,977.
How has median household income changed in Walker, Michigan?
Between 2009 and 2024, the median household income in Walker, Michigan rose 53%, from $50,590 to $77,523. Over the same years, income here outpaced Michigan as a whole: +53% against +50%.
What was the median household income in Walker in 2023?
In 2023, the median household income in Walker, Michigan was $73,967, up 2% from $72,260 in 2022. The Michigan median that year was $71,362.
What was the median household income in Walker in 2020?
In 2020, the median household income in Walker, Michigan was $63,331. By 2024 it had risen 22% to $77,523.
Is it hard to find a job in Walker, Michigan?
Unemployment in Walker, Michigan is only 2.9%, well below the Michigan rate of 5.7%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Walker, Michigan?
The Gini coefficient in Walker is 0.463. 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 Walker, Michigan?
Since 2009, the income gap between men and women in Walker, Michigan has narrowed from about 29% to 26% in 2024. Over that period the gap was narrowest at 18% in 2020. In dollar terms, the gap has widened by $3,157 since 2009.
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