Commerce charter Township, Michigan Income

The inflation-adjusted median household income in Commerce charter township was $109,319, based on U.S. Census Bureau ACS estimates.
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Updated Dec 15, 2023
Overview
$109,319
Median household income
0.4003
Gini coefficient
45 to 64 years ($131,965)
Highest median income age group
$465,124
Income of top 5%

All incomes in 2022 inflation-adjusted dollars using R-CPI-U-RS. Sources: U.S. Census Bureau, American Community Survey (ACS) 2017-2021 5-Year Estimates

Age of householder

Per the latest American Community Survey by the Census Bureau, Commerce charter township sees its highest median household income among householders in the age group of 45 to 64 years old, at $131,965. Here are the key highlights for income distribution by age:

  • In terms of income distribution across age cohorts, in Commerce charter township, householders within the 45 to 64 years age group have the highest median household income at $131,965, followed by those in the 25 to 44 years age group with an income of $115,813. Meanwhile householders within the under 25 years age group report the second lowest median household income of $66,881. Notably, householders within the 65 years and over age group, had the lowest median household income at $66,815.
  • Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $14,585(12.43%), escalating from a median of $117,380 in 2011 to $131,965 in 2021.
  • 150(0.92%) households where the householder is under 25 years old.
  • 4,706(28.80%) households with a householder aged between 25 and 44 years.
  • 7,185(43.97%) households with a householder aged between 45 and 64 years.
  • 4,300(26.31%) households where the householder is over 65 years old.
The bar chart shows Commerce charter Township, Michigan median household income by age of householder. All incomes have been adjusted for 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS).
Commerce charter Township, Michigan median household income by age of householder: It offers a clear illustration of the differences in median household incomes in Commerce charter township, based on the age of householders divided into four cohorts : Under 25 years, 25 - 44 years, 45 to 64 years and 65 years and over. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Read more about Commerce charter Township, Michigan median household income by age ➔

Gender

In Commerce charter township, the population consists of 20,819 males (48.39%) and 22,205 females (51.61%). Here are the primary highlights from the gender-based income distribution analysis:

  • In Commerce charter township, the median income for all workers aged 15 years and older, regardless of work hours, was $64,127 for males and $35,937 for females.
  • However, when specifically considering full-time, year-round workers within the same age group, the median income was $92,184 for males and $65,858 for females.
  • In Commerce charter township, the median income for all workers aged 15 years and older, regardless of work hours, was $64,127 for males and $35,937 for females.
  • In Commerce charter township, among full-time, year-round workers aged 15 years and older, males earned a median income of $92,184, while females earned $65,858, leading to a 29% gender pay gap among full-time workers. This illustrates that women earn 71 cents for each dollar earned by men in full-time roles. This analysis indicates a widening gender pay gap, showing a substantial income disparity where women, despite working full-time, face a more significant wage discrepancy compared to men in the same roles.
Line chart showing the annual median income trends in Commerce charter Township, Michigan for males and females across four employment categories: (1) Males in full-time year-round positions, (2) Males in non-full-time roles (part-time and other employment types), (3) Females in full-time year-round positions, and (4) Females in non-full-time roles (part-time and other employment types).
Commerce charter Township, Michigan gender based income disparity: Gain insights into gender-based pay disparity trends and explore the variations in income for male and female individuals, in 2022 inflation adjusted dollars. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Read more about Commerce charter Township, Michigan income by gender ➔

Race

In Commerce charter township, the population is predominantly White, constituting 88.02% of the total residents. Here are the key highlights from the analysis of income distribution by race:

  • The median household income for White households is $104,340.
  • In Commerce charter township, despite the White population being the most populous, it is worth noting that Black or African American households actually reports the highest median household income, with a median income of $150,453. This reveals that, while Whites may be the most numerous in Commerce charter township, Black or African American households experience greater economic prosperity in terms of median household income.
  • In Commerce charter township, the median household income for the households where the householder is White decreased by $3,355(3.12%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $107,695 in 2011 and $104,340 in 2021.
  • In Commerce charter township, the median household income for the households where the householder is Black or African American increased by $72,162(92.17%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $78,291 in 2011 and $150,453 in 2021.
The bar chart shows Commerce charter Township, Michigan median household income across all racial categories identified by the U.S. Census Bureau.
Commerce charter Township, Michigan median household income diversity across racial categories: Gain insights into economic disparities and trends and explore the variations in median houshold income for diverse racial categories. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Read more about Commerce charter Township, Michigan median household income by race ➔

Year by year

Commerce charter Township, Michigan median household income trends by year, family type and household size (2010-2021):

  • From 2010 to 2021, the median household income for Commerce charter township decreased by $869 (0.79%), as per the American Community Survey estimates.
  • Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 6 years and declined for 5 years.
  • The most significant year-by-year growth occured from 2017 to 2018, when the median household income increased by 5,380 (from $106,628 to $112,008). Similarly the most substantial year-by-year decline occured from 2012 to 2013, when the median household income decreased by 5,137 (from $104,198 to $99,061).
  • It then further increased to $138,872 for 7-person households, the largest household size for which the bureau reported a median household income.
  • With a Gini coefficient of 0.4003, it is evident that income distribution in Commerce charter Township, Michigan exihibits characterstics of moderate inequality .
  • For the family households, the median income (in 2022 inflation-adjusted dollars) was $126,316. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $60,972.
The line chart shows Commerce charter Township, Michigan median household income from 2010 to 2021. The orange line represents Census Bureau data for median household income (without adjusting for any inflation), while the blue line shows inflation-adjusted median household income for 2022.
Commerce charter Township, Michigan median household income trends: 2010 to 2021. The chart illustrates income fluctuations over the years, highlighting the impact of inflation on economic trends. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Read more about Commerce charter Township, Michigan median household income ➔

References

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