Hardwood Acres, MI Employment - Median Household Income, Unemployment Rate

Hardwood Acres employment information

Index	Hardwood Acres	Michigan	National
Income per capita	$20,933	$27,549	$29,829
Median household income	$51,981	$50,803	$55,322
Median income owner occupied	$51,308	$62,251	$70,586
Median income renter occupied	$0	$28,598	$35,192
Median earnings male	$0	$35,730	$36,919
Median earnings female	$16,747	$22,948	$26,250
Unemployment rate	0.0%	5.2%	4.7%
Poverty level	6.1%	16.3%	15.1%

The Hardwood Acres, MI employment information can be a key indicator when searching for a new job. A good indicator of the strength of the job market is the income per capita and the median household income. The income per capita in Hardwood Acres is $20,933, which is 24% lower than than the Michigan average and 30% lower than than the national average. The median household income is $51,981, which is 2% higher than than the Michigan average and 6% lower than than the national average. The unemployment rate in Hardwood Acres is 0%, which is 100% lower than than the national average. The poverty rate in Hardwood Acres is 6% which is 60% lower than than the national average.

am i middle class

$34,650$51,981$103,962

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.

Did you know?

The income per capita in Hardwood Acres is 30% lower than the national average.
The median household income in Hardwood Acres is 6% lower than the national average.
Male median earnings are 41% higher than female median earnings.
The unemployment rate in Hardwood Acres is 100% lower than the national average.
The poverty level in Hardwood Acres is 60% lower than the national average.

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Compare Hardwood Acres, MI Employment To Other Cities

Employment status

Hours worked per week

Hardwood Acres median earnings by income bracket

Hardwood Acres employment by industry

Labour Type	Male	Female
Construction industry	13.4%	0.0%
Manufacturing sector	0.0%	0.0%
Financial & insurance services	15.4%	9.4%
Wholesale & retail services	0.0%	29.3%
Public administration	46.3%	0.0%
Transportation, warehousing & utilities	14.8%	0.0%
Education, health & social services	0.0%	20.4%
Other	10.1%	40.9%

Nearby cities with high median household income

City, State	Population	Household Income	National Avg.
Wedgewood, MI	179	$86,500	56%
Tustin, MI	237	$49,167	11%
Boon, MI	229	$44,375	20%
Buckley, MI	806	$39,250	29%
Harrietta, MI	178	$37,750	32%
Hardwood Acres, MI	591	$51,981	6%

Cities with similar population

City, State	Population	Household Income	National Avg.
Howells, NE	591	$59,286	7%
Equality, IL	591	$37,250	33%
Dana, IN	591	$42,422	23%
Kandiyohi, MN	591	$46,000	17%
Spencer, OH	591	$47,273	15%
Hardwood Acres, MI	591	$51,981	6%

Source: The Hardwood Acres, MI employment data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).