Grand Haven charter Township, Michigan Income

The inflation-adjusted median household income in Grand Haven charter township was $95,046, based on U.S. Census Bureau ACS estimates.
Neilsberg Research Avatar
Updated Dec 15, 2023
Overview
$95,046
Median household income
0.4038
Gini coefficient
45 to 64 years ($124,947)
Highest median income age group
$448,487
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, Grand Haven charter township sees its highest median household income among householders in the age group of 45 to 64 years old, at $124,947. Here are the key highlights for income distribution by age:

  • In terms of income distribution across age cohorts, in Grand Haven charter township, householders within the 45 to 64 years age group have the highest median household income at $124,947, followed by those in the 25 to 44 years age group with an income of $96,571. Meanwhile householders within the 65 years and over age group report the second lowest median household income of $61,374. Notably, householders within the under 25 years age group, had the lowest median household income at $56,228.
  • Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $30,167(31.83%), escalating from a median of $94,780 in 2011 to $124,947 in 2021.
  • 237(3.40%) households where the householder is under 25 years old.
  • 1,866(26.75%) households with a householder aged between 25 and 44 years.
  • 2,943(42.19%) households with a householder aged between 45 and 64 years.
  • 1,930(27.67%) households where the householder is over 65 years old.
The bar chart shows Grand Haven 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).
Grand Haven charter Township, Michigan median household income by age of householder: It offers a clear illustration of the differences in median household incomes in Grand Haven 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 Grand Haven charter Township, Michigan median household income by age ➔

Gender

In Grand Haven charter township, the population consists of 8,684 males (48.60%) and 9,186 females (51.40%). Here are the primary highlights from the gender-based income distribution analysis:

  • In Grand Haven charter township, the median income for all workers aged 15 years and older, regardless of work hours, was $58,054 for males and $29,412 for females.
  • However, when specifically considering full-time, year-round workers within the same age group, the median income was $74,401 for males and $55,430 for females.
  • In Grand Haven charter township, the median income for all workers aged 15 years and older, regardless of work hours, was $58,054 for males and $29,412 for females.
  • In Grand Haven charter township, among full-time, year-round workers aged 15 years and older, males earned a median income of $74,401, while females earned $55,430, leading to a 25% gender pay gap among full-time workers. This illustrates that women earn 75 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 Grand Haven 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).
Grand Haven 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 Grand Haven charter Township, Michigan income by gender ➔

Race

In Grand Haven charter township, the population is predominantly White, constituting 95.22% 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 $94,882.
  • In Grand Haven charter township, despite the White population being the most populous, it is worth noting that Two or More Races households actually reports the highest median household income, with a median income of $144,958. This reveals that, while Whites may be the most numerous in Grand Haven charter township, Two or More Races households experience greater economic prosperity in terms of median household income.
  • In Grand Haven charter township, the median household income for the households where the householder is White increased by $10,198(12.04%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $84,684 in 2011 and $94,882 in 2021.
  • Even though there is a population where the householder is Black or African American, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
The bar chart shows Grand Haven charter Township, Michigan median household income across all racial categories identified by the U.S. Census Bureau.
Grand Haven 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 Grand Haven charter Township, Michigan median household income by race ➔

Year by year

Grand Haven 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 Grand Haven charter township increased by $4,494 (4.96%), as per the American Community Survey estimates.
  • Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 5 years and declined for 6 years.
  • The most significant year-by-year growth occured from 2019 to 2020, when the median household income increased by 5,718 (from $91,117 to $96,835). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 4,957 (from $90,552 to $85,595).
  • It then further increased to $165,838 for 6-person households, the largest household size for which the bureau reported a median household income.
  • With a Gini coefficient of 0.4038, it is evident that income distribution in Grand Haven charter Township, Michigan exihibits characterstics of moderate inequality .
  • For the family households, the median income (in 2022 inflation-adjusted dollars) was $110,748. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $50,369.
The line chart shows Grand Haven 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.
Grand Haven 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 Grand Haven charter Township, Michigan median household income ➔

References

About the author

Neilsberg Research Avatar
Neilsberg Research
Neilsberg Research team are data scientists with expertise in processing, analysis and visualization of big data helping small businesses make right decisions.

Share

This article is for informational purposes only and is not intended to be legal or tax advice. We recommend that you consult with a qualified professional such as a lawyer or accountant before making a decision. Many of the products and services featured here are from our affiliate partners. We may receive commissions on purchases made from our chosen links. Read advertiser disclosure.