Wexford County, Michigan Income Statistics
Wexford 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
Wexford County Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Wexford County | Michigan Avg | US Average |
|---|---|---|---|
| Median Household Income | $61,341 | $72,977 | $80,455 |
| Median Personal Income | $48,481 | $59,920 | $60,758 |
| Average Yearly Income Growth | 5.4% | 4.6% | 4.8% |
| Six-Figure Earners | 6.0% | 11.4% | 13.9% |
| $200k+ Households | 4.6% | 9.5% | 13.2% |
The median household income in Wexford County is about 16% lower than in Michigan. Income has been growing faster in Wexford County (5.4%/yr) than in Michigan (4.6%/yr).
About 6% of adults in Wexford 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 Wexford County, Michigan grew by 52.4% from 2009 to 2024, reaching $61,341 in 2024. That's an average of about 5.4% per year.
Income Inequality and the Gender Pay Gap in Wexford County
| Metric | Wexford County | Michigan Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.513 | 0.539 | 0.552 |
| Male Median Income | $55,223 | $69,354 | $69,667 |
| Female Median Income | $46,975 | $54,749 | $56,850 |
| Gender Pay Gap | 14.9% | 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 Wexford County, it is 0.513, 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 18% more than women's income in Wexford County, Michigan. Over a 35-year career, a 18% wage gap accumulates to roughly $288,680 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Wexford County, Michigan has narrowed from about 27% to 15% in 2024. In dollar terms, the gap has narrowed by $2,636 since 2009.
Employment
| Metric | Wexford County | Michigan Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.3% | 5.7% | 5.2% |
| Working from Home | 7.1% | 13.5% | 15.0% |
| Commute time (minutes) | 17 | 21 | 22 |
Approximately 800 people are unemployed in Wexford County, Michigan.
The average commute time in Wexford County is 17 minutes, shorter than the 21 minutes in Michigan.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Wexford County, Michigan has fallen from 13.7% to 5.3% in 2024. Over that period the rate peaked at 14.9% in 2012.
Wexford County, MI Wealth Compared With Nearby Counties
Wexford County, MI is the 2nd largest of the 6 counties compared here, 34,076 residents against a local median of 18,239. The measure that sets Wexford County, MI apart most is unemployment: 5.3%, 17% below the local median of 6.4%. That is the better end of the local range on this measure.
The counties themselves spread 3.6% on unemployment, so Wexford County, MI sits at one end of an already wide local range rather than apart from it. Wexford County, MI has the 3rd 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. |
|---|---|---|---|---|---|
| Wexford County, MI | 34,076 | $61,341 #4/6 | 5.4%/yr #4/6 | 5.3% #3/6 | 0.513 #4/6 |
| Grand Traverse County, MI | 96,166 | $82,482 | 4.9%/yr | 3.8% | 0.500 |
| Lake County, MI | 11,301 | $50,997 | 6.2%/yr | 7.4% | 0.517 |
| Osceola County, MI | 23,226 | $58,333 | 5.1%/yr | 6.4% | 0.521 |
| Missaukee County, MI | 15,207 | $64,147 | 5.4%/yr | 6.7% | 0.501 |
| Kalkaska County, MI | 18,239 | $68,228 | 6.1%/yr | 3.8% | 0.494 |
Conclusion
Considering all these factors, Wexford County, 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 Wexford County, Michigan.
How Rich Is Wexford County, Michigan?
Wexford 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 $61,341, about 16% lower than the Michigan average of $72,977.
How fast is household income rising in Wexford County, Michigan?
Between 2009 and 2024, the median household income in Wexford County, Michigan rose 52%, from $40,257 to $61,341. Over the same years, income here outpaced Michigan as a whole: +52% against +50%.
What was the median household income in Wexford County in 2023?
In 2023, the median household income in Wexford County, Michigan was $63,434, up 8% from $58,786 in 2022. The Michigan median that year was $71,362.
What was the median household income in Wexford County in 2020?
In 2020, the median household income in Wexford County, Michigan was $50,353. By 2024 it had risen 22% to $61,341.
What is the Gini coefficient in Wexford County, Michigan?
The Gini coefficient in Wexford County is 0.513. 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 Wexford County, Michigan?
Since 2009, the income gap between men and women in Wexford County, Michigan has narrowed from about 27% to 15% in 2024. In dollar terms, the gap has narrowed by $2,636 since 2009.
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