Alcona County, Michigan
Income Data
At a Glance
How Alcona County Compares
Detailed Income Statistics
Data Story
About Household Income in Alcona County, Michigan
Alcona lags behind national income
Alcona County's median household income of $53,568 sits $21,187 below the U.S. median of $74,755—a gap of 28%. This places the county in the lower income tier nationally, though it remains a stable community with roots in resource-based industries.
Below Michigan's county average
At $53,568, Alcona's median household income falls $10,736 short of Michigan's county average of $64,304. This positions Alcona in the lower-middle range among the state's 83 counties, reflecting economic challenges common to rural northern Michigan.
Comparable to nearby rural counties
Alcona's $53,568 median income aligns closely with Alpena County ($51,909) and Arenac County ($56,989), its neighboring rural communities. All three counties face similar employment and economic dynamics in Michigan's northeast corner.
Housing costs remain manageable here
Alcona's rent-to-income ratio of 17.7% means housing absorbs less than one-fifth of median household earnings, well within the 30% affordability threshold. With a median home value of $157,500, homeownership remains accessible for local wage earners.
Build savings despite modest income
Even with a median income below state averages, Alcona residents benefit from affordable housing that frees up dollars for savings and investment. Setting up automatic transfers to retirement accounts and exploring employer matches can help households build long-term financial security.
Frequently Asked Questions
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Income Comparison Calculator
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County median: $53,568 per year
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.