Algonac, MI Employment - Median Household Income, Unemployment Rate

C

19%

Income/capita NAT. AVG.

12%

Household income NAT. AVG.

40%

Unemployment NAT. AVG.

Index	Algonac	Michigan	National
Income per capita	$24,053	$27,549	$29,829
Median household income	$48,925	$50,803	$55,322
Median income owner occupied	$58,958	$62,251	$70,586
Median income renter occupied	$32,019	$28,598	$35,192
Median earnings male	$40,156	$35,730	$36,919
Median earnings female	$23,571	$22,948	$26,250
Unemployment rate	2.8%	5.2%	4.7%
Poverty level	14.8%	16.3%	15.1%

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Key findings

The income per capita in Algonac is 19% lower than the national average
The median household income in Algonac is 12% lower than the national average
Male median earnings are 41% higher than female median earnings
The unemployment rate in Algonac is 40% lower than the national average
The poverty level in Algonac is 2% lower than the national average

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am i middle class

$32,613 $48,925 $97,850

City

$33,865 $50,803 $101,606

State

$36,877 $55,322 $110,644

Nation

According to the PEW research center, the middle class is defined as a range from two thirds (2/3) of the median household income to a multiple of two (2) times the median household income. Displayed above are the city, state and national median household income averages. Simply enter your median household income to determine if your income falls into the middle class or if your household income is considered upper or lower class.

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Algonac median earnings by income bracket

Algonac employment by industry

Labour Type	Male	Female
Construction industry	21.5%	21.5%
Manufacturing sector	24.0%	24.0%
Financial & insurance services	2.7%	2.7%
Wholesale & retail services	15.8%	15.8%
Public administration	1.1%	1.1%
Transportation, warehousing & utilities	5.7%	5.7%
Education, health & social services	6.2%	6.2%
Other	23.0%	23.0%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
New Baltimore, MI	12,333	$83,767	51.4%
St. Clair, MI	5,354	$82,674	49.4%
Pearl Beach, MI	5,395	$61,870	11.8%
New Haven, MI	4,856	$55,877	1.0%
Richmond, MI	5,851	$54,801	0.9%
Algonac, MI	4,057	$48,925	11.6%

Cities with similar population

City	Population	Household Income	National Avg.
Chester, NY	4,057	$72,431	30.9%
Bellaire, OH	4,057	$29,052	47.5%
Newcomerstown, OH	4,058	$43,627	21.1%
Livingston, TN	4,058	$30,198	45.4%
Forty Fort, PA	4,055	$65,274	18.0%
Algonac, MI	4,057	$48,925	11.6%

Source: The Algonac, MI employment data displayed above is derived from the United States Census Bureau American Community Survey (ACS).