Elk Rapids, MI Employment - Median Household Income, Unemployment Rate

B

35%

Income/capita NAT. AVG.

8%

Household income NAT. AVG.

100%

Unemployment NAT. AVG.

Index	Elk Rapids	Michigan	National
Income per capita	$40,140	$27,549	$29,829
Median household income	$60,000	$50,803	$55,322
Median income owner occupied	$65,625	$62,251	$70,586
Median income renter occupied	$49,167	$28,598	$35,192
Median earnings male	$34,375	$35,730	$36,919
Median earnings female	$27,222	$22,948	$26,250
Unemployment rate	0.0%	5.2%	4.7%
Poverty level	7.3%	16.3%	15.1%

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Key findings

The income per capita in Elk Rapids is 35% higher than the national average
The median household income in Elk Rapids is 8% higher than the national average
Male median earnings are 41% higher than female median earnings
The unemployment rate in Elk Rapids is 100% lower than the national average
The poverty level in Elk Rapids is 52% lower than the national average

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am i middle class

$39,996 $60,000 $120,000

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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Elk Rapids median earnings by income bracket

Elk Rapids employment by industry

Labour Type	Male	Female
Construction industry	13.7%	13.7%
Manufacturing sector	8.8%	8.8%
Financial & insurance services	2.1%	2.1%
Wholesale & retail services	20.7%	20.7%
Public administration	3.6%	3.6%
Transportation, warehousing & utilities	2.6%	2.6%
Education, health & social services	7.5%	7.5%
Other	38.6%	38.6%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Suttons Bay, MI	696	$93,250	68.6%
Greilickville, MI	1,765	$66,667	20.5%
Omena, MI	145	$61,250	10.7%
Traverse City, MI	15,525	$61,056	10.4%
Rapid City, MI	1,495	$55,262	0.1%
Elk Rapids, MI	1,531	$60,000	8.5%

Cities with similar population

City	Population	Household Income	National Avg.
Pepeekeo, HI	1,531	$47,039	15.0%
Tri-Lakes, IN	1,531	$87,458	58.1%
Centerfield, UT	1,531	$70,545	27.5%
Purdy, WA	1,531	$71,500	29.2%
Glen Dale, WV	1,531	$64,779	17.1%
Elk Rapids, MI	1,531	$60,000	8.5%

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