Income

Household Income (HHI)

Median HHI - $79,510

With a Median Household Income of $79,510 the Detroit-Flint, MI Market ranks 76th across STI Markets.

Average HHI - $108,391

The Average Household Income is $108,391 for which this market ranks 66th.

Income Distribution

Figure 37: Income Distribution

Income Distribtuion Line

Below the multi-colored line represents the same data for household income in the Detroit-Flint, MI market, but more equally lays out the distribution of population versus the income level, correcting for differences in size of income ranges. You will also notice that after 200k the income ranges are scaled down so the focus is more centered on the more numerous Households making under 200k. The black line represents the National Income Distribution for comparison.

Figure 38: Income Distribution Line

Income Inequality - High

The distribution of Household Income in the Detroit-Flint, MI market can be considered High with a Gini coefficient of 0.458. This market ranks 28th in Household Income Inequality across all STI Markets.

Average Household Income by Census Tract

The interquartile range of Average Household Income across the market’s Census Tracts, that is its 25th percentile and 75th percentile values, are $67,042 and $124,792, respectively.

Figure 39: Household Income Thematic

HH Income by Age of Head of Householder

Distribtion Comaprison

Figure 40: Income Distribution Line

HHI Age under 25 - $68,232

With an Average Household Income for those head of householders aged under 25 of $68,232 the Detroit-Flint, MI market ranks 61st across STI Markets.

Figure 41: HHI 00to25 Thematic

HHI Age 25 to 45 - $114,455

With an Average Household Income for those head of householders aged 25 to 45 of $114,455 the Detroit-Flint, MI market ranks 67th across STI Markets.

Figure 42: HHI 25to45 Thematic

HHI Age 45 to 65 - $124,099

With an Average Household Income for those head of householders aged 45 to 65 of $124,099 the Detroit-Flint, MI market ranks 65th across STI Markets.

Figure 43: HHI 45to65 Thematic

HHI Age 65 plus - $85,760

With an Average Household Income for those head of householders aged 65 and over of $85,760 the Detroit-Flint, MI market ranks 72nd across STI Markets.

Figure 44: HHI 65over Thematic

HH Income by Age of Head of Householder

Distribtion Comaprison

Figure 45: Income Distribution Line

HHI White - $115,537

With an Average Household Income for those head of householders Non-Hispanic White of $115,537 the Detroit-Flint, MI market ranks 60th across STI Markets.

Figure 46: HHI white Thematic

HHI Black - $74,959

With an Average Household Income for those head of householders identifying as Non-Hispanic Black of $74,959 the Detroit-Flint, MI market ranks 99th across STI Markets.

Figure 47: HHI black Thematic

HHI Asian - $148,328

With an Average Household Income for those head of householders identifying as Non-Hispanic Asian of $148,328 the Detroit-Flint, MI market ranks 24th across STI Markets.

Figure 48: HHI asian Thematic

HHI Other - $106,896

With an Average Household Income for those head of householders identifying as Non-Hispanic Other of $106,896 the Detroit-Flint, MI market ranks 56th across STI Markets.

Figure 49: HHI other Thematic

HHI Hispanic - $102,188

With an Average Household Income for those head of householders identifying as Hispanic of $102,188 the Detroit-Flint, MI market ranks 56th across STI Markets.

Figure 50: HHI hispanic Thematic

Disposible Income - $83,172

Disposable income is defined here as Household Income after accounting for Federal, State, and Local taxes. The Average Household Disposable Income is $83,172 which ranks 68th across STI Markets.

This is a drop of $25,219, or 23.27%, overall this percentage drop ranks 47th across STI Markets.

Figure 51: Disposible Income VS HH Income

Purple = 15% decrease, Blue = 25% decrease, Green = 35% decrease, Orange = 45% decrease, Red = 55% decrease

Discretionary Income - $59,306

Discretionary income goes a step further. It takes Disposable Income, which already accounts for taxes, and accounts for the typical cost of Food, Housing, and Clothing. The Average Household Discretionary Income is $59,306 which ranks 75th across STI Markets.

This is a drop of $49,085, or 45.29%, overall this percentage drop ranks 46th across STI Markets.

Figure 52: Discretionary Income VS HH Income

Purple = 15% decrease, Blue = 25% decrease, Green = 35% decrease, Orange = 45% decrease, Red = 55% decrease

Labor

Housing