Caro employment information

IndexCaroMichiganNational
Income per capita$23,678$27,549$29,829
Median household income$35,208$50,803$55,322
Median income owner occupied$50,913$62,251$70,586
Median income renter occupied$16,946$28,598$35,192
Median earnings male$28,552$35,730$36,919
Median earnings female$16,607$22,948$26,250
Unemployment rate8.4%5.2%4.7%
Poverty level15.3%16.3%15.1%
The Caro, 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 Caro is $23,678, which is 14% lower than than the Michigan average and 21% lower than than the national average. The median household income is $35,208, which is 31% lower than than the Michigan average and 36% lower than than the national average. The unemployment rate in Caro is 8%, which is 80% higher than than the national average. The poverty rate in Caro is 15% which is 2% higher than than the national average.

am i middle class

$Input your household income
$23,469$35,208$70,416
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 Caro is 21% lower than the national average.
  • The median household income in Caro is 36% lower than the national average.
  • Male median earnings are 41% higher than female median earnings.
  • The unemployment rate in Caro is 80% higher than the national average.
  • The poverty level in Caro is 2% higher than the national average.

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Compare Caro, MI Employment To Other Cities

Employment status

Hours worked per week

Caro median earnings by income bracket

Caro employment by industry

Labour TypeMaleFemale
Construction industry8.0%0.0%
Manufacturing sector25.2%0.0%
Financial & insurance services1.0%2.0%
Wholesale & retail services13.0%14.8%
Public administration6.8%0.0%
Transportation, warehousing & utilities8.2%0.7%
Education, health & social services26.0%51.4%
Other10.8%22.1%

Nearby cities with high median household income

City, StatePopulationHousehold IncomeNational Avg.
Reese, MI1,544$46,87515%
Unionville, MI444$46,75015%
Cass City, MI2,466$43,60021%
Fairgrove, MI524$40,17927%
Clifford, MI364$39,37529%
Caro, MI4,112$35,20836%

Cities with similar population

City, StatePopulationHousehold IncomeNational Avg.
Redland, AL4,112$76,84239%
Lakewood, IL4,111$133,750142%
Freeburg, IL4,111$72,39331%
Fort Gibson, OK4,111$54,1412%
Lake of the Woods, AZ4,113$34,66637%
Caro, MI4,112$35,20836%
Source: The Caro, MI employment data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).