Wyoming, Michigan Income Statistics
Wyoming 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
Wyoming Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Wyoming | Michigan Avg | US Average |
|---|---|---|---|
| Median Household Income | $73,270 | $72,977 | $80,455 |
| Median Personal Income | $49,185 | $59,920 | $60,758 |
| Average Yearly Income Growth | 5.4% | 4.6% | 4.8% |
| Six-Figure Earners | 6.5% | 11.4% | 13.9% |
| $200k+ Households | 5.3% | 9.5% | 13.2% |
The median household income in Wyoming is about the same as in Michigan. Income has been growing faster in Wyoming (5.4%/yr) than in Michigan (4.6%/yr).
About 6% of adults in Wyoming 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 Wyoming, Michigan grew by 61.2% from 2009 to 2024, reaching $73,270 in 2024. That's an average of about 5.4% per year.
Income Inequality and the Gender Pay Gap in Wyoming
| Metric | Wyoming | Michigan Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.493 | 0.539 | 0.552 |
| Male Median Income | $57,810 | $69,354 | $69,667 |
| Female Median Income | $47,715 | $54,749 | $56,850 |
| Gender Pay Gap | 17.5% | 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 Wyoming, it is 0.493, 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 21% more than women's income in Wyoming, Michigan. Over a 35-year career, a 21% wage gap accumulates to roughly $353,325 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Wyoming, Michigan has narrowed from about 24% to 17% in 2024. Over that period the gap was widest at 26% in 2010. In dollar terms, the gap has widened by $352 since 2009.
Employment
| Metric | Wyoming | Michigan Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.1% | 5.7% | 5.2% |
| Working from Home | 10.3% | 13.5% | 15.0% |
| Commute time (minutes) | 18 | 21 | 22 |
Approximately 1,786 people are unemployed in Wyoming, Michigan.
The average commute time in Wyoming is 18 minutes, shorter than the 21 minutes in Michigan.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Wyoming, Michigan has fallen from 11.2% to 4.1% in 2024.
Wyoming, MI Wealth Compared With Nearby Cities
How Wyoming, 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. |
|---|---|---|---|---|---|
| Wyoming, MI | 77,126 | $73,270 #2/3 | 5.4%/yr #2/3 | 4.1% #2/3 | 0.493 #2/3 |
| Grand Rapids, MI | 196,641 | $69,819 | 6.3%/yr | 5.2% | 0.514 |
| Walker, MI | 24,855 | $77,523 | 4.6%/yr | 2.9% | 0.463 |
Conclusion
Considering all these factors, Wyoming, 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 Wyoming, Michigan.
How Rich Is Wyoming, Michigan?
Wyoming 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 $73,270, close to the Michigan average of $72,977.
How has median household income changed in Wyoming, Michigan?
Between 2009 and 2024, the median household income in Wyoming, Michigan rose 61%, from $45,458 to $73,270. Over the same years, income here outpaced Michigan as a whole: +61% against +50%.
What was the median household income in Wyoming in 2023?
In 2023, the median household income in Wyoming, Michigan was $72,348, up 10% from $66,026 in 2022. The Michigan median that year was $71,362.
What was the median household income in Wyoming in 2020?
In 2020, the median household income in Wyoming, Michigan was $57,281. By 2024 it had risen 28% to $73,270.
Is unemployment high in Wyoming, Michigan?
Unemployment in Wyoming, Michigan is only 4.1%, 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 Wyoming, Michigan?
The Gini coefficient in Wyoming is 0.493. 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 Wyoming, Michigan?
Since 2009, the income gap between men and women in Wyoming, Michigan has narrowed from about 24% to 17% in 2024. Over that period the gap was widest at 26% in 2010. In dollar terms, the gap has widened by $352 since 2009.
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