What is the most wealthy county in Michigan?

What is the most wealthy county in Michigan?

Michigan counties by per capita income

Rank County Per capita income
1 Oakland $56,138
2 Leelanau $32,194
3 Livingston $31,609
4 Washtenaw $31,316

What is the lowest income county in Michigan?

Lake County
Lake County, a landlocked area in west central Michigan, is the poorest county in the state and the only county in Michigan where most households earn less than $38,000 a year. Lake County’s median household income of $37,320 is about $20,000 below the $57,144 statewide median.

What are the top 10 poorest counties in Michigan?

The following Michigan counties have the highest poverty rates:

  • Isabella County (mid-Michigan): 23.4%
  • Lake County (northern Michigan): 22.3%
  • Wayne County (southeast Michigan): 21.7%
  • Luce County (northern Michigan): 20.7%
  • Clare County (northern Michigan): 20.6%

What city in Michigan has the highest median income?

Highest-earning cities in Michigan

  • #7. Troy.
  • #6. Grosse Pointe Woods.
  • #5. Grosse Pointe Park.
  • #4. Birmingham.
  • #3. Beverly Hills.
  • #2. Grosse Pointe Farms.
  • #1. East Grand Rapids. – Median household income: $144,922.
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Who is the richest family in Michigan?

Brothers Hank and Doug Meijer together own Michigan-based supermarket chain Meijer, which has 230 stores in the Midwest. They are worth an estimated $16.9 billion and was ranked 171 on Forbes’ list of 2021 billionaries. Their grandfather Hendrik, a Dutch immigrant, started the company back in 1934, according to Forbes.

What is considered upper class in Michigan?

In Michigan, households must earn a minimum of $115,802 per year to be among the top one-fifth of the state’s income earners, according to a new 24/7 Wall St. analysis examining the threshold of “richness” in all 50 states.

What is upper class income in Michigan?

Are there any millionaires in Michigan?

This is a list of U.S. states and federal district by the number of households with more than $1 million in investable assets as of 2020 (data for the year 2019)….List.

Rank 12
State Michigan
Number of millionaire households 236,858
Share of millionaire households 5.97%

What is a livable salary in Michigan?

Living Wage Calculation for Michigan

0 Children 2 Children
Living Wage $13.63 $22.71
Poverty Wage $6.13 $6.30
Minimum Wage $9.65 $9.65

What is the average household income in Michigan?

Asian$68,127 ±$4,437

  • White$52,301 ±$742
  • Native Hawaiian and Other Pacific Islander$40,499 ±$25,643
  • What does median household income really mean?

    The median income is the income amount that divides a population into two equal groups, half having an income above that amount, and half having an income below that amount. It may differ from the mean (or average) income. The income that occurs most frequently is the income mode. Each of these is a way of understanding income distribution.

    What is the average household income?

    U.S. Census Bureau data shows that median American household income was more than $60,000 in 2018 — but median income varies based on factors such as what state or city you live in, as well as gender and age. Editorial Note: Credit Karma receives compensation from third-party advertisers, but that doesn’t affect our editors’ opinions.

    What is median family income?

    The program began December 1, 2021, for all income-eligible households. Applications will be taken on a first-come, first-served basis through May 31, 2022, on the same application as Energy Assistance (Low Income Home Energy Assistance Program (LIHEAP) and the Percentage of Income Payment Plan (PIPP)) for Program Year 2022.