Alger County, Michigan
Income Data
At a Glance
How Alger County Compares
Detailed Income Statistics
Data Story
About Household Income in Alger County, Michigan
Alger income trails national median
Alger County's median household income of $59,406 falls $15,349 short of the national median of $74,755—a 20% gap. The county's income level reflects employment patterns typical of rural Upper Peninsula communities with limited urban job centers.
Middle-of-the-road for Michigan
Alger's $59,406 median household income ranks slightly below Michigan's county average of $64,304, placing it in the lower-middle tier statewide. The county's per capita income of $28,250 slightly trails the state average of $35,451, indicating income distribution challenges.
Strongest earner among far-north counties
At $59,406, Alger County's median income exceeds Alpena ($51,909) and Arenac ($56,989), making it one of the better-performing counties in Michigan's northeastern region. This edge reflects its position as a regional hub in Marquette's economic orbit.
Low housing burden supports stability
Alger's rent-to-income ratio of 14.4% is among Michigan's lowest, meaning housing costs consume less than one-sixth of median income. With a median home value of $165,700, residents enjoy solid affordability and financial breathing room.
Leverage low housing costs for investing
Alger's exceptionally low rent-to-income ratio creates an opportunity to redirect housing savings into retirement and investment accounts. Building a diversified portfolio early can help local households overcome modest wage growth and plan for long-term prosperity.
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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.