Newaygo County, Michigan
Income Data
U.S. Census Bureau ACSAt a Glance
Economic Indicators
How Newaygo County Compares
Detailed Income Statistics
Income Advisory: Newaygo County
Income Verdict
Newaygo County has a median household income of $61,931 and per capita income of $30,694 — a gap of $31,237, suggesting a typical mix of dual-income and single-earner households.
Housing Affordability
With median gross rent at $882/month and a median household income of $61,931, rent consumes approximately 17.1% of monthly income — well within affordable thresholds.
Economic Context
With a median household income of $61,931, residents of Newaygo County likely face budget constraints in higher-cost regions but may find cost of living manageable locally. Per capita income of $30,694 is in line with national norms for individual earners.
Neighbor Context
Newaygo County earns approximately 3.7% below the Michigan state median household income of $64,304.
Data Story
About Household Income in Newaygo County, Michigan
Newaygo trails national income benchmark
Newaygo County's median household income of $61,931 falls about $12,800 below the national median of $74,755. This 17% gap reflects moderate income challenges compared to the typical U.S. household.
Below Michigan's average county income
At $61,931, Newaygo County's median household income trails Michigan's county average of $64,304 by roughly $2,400. The county ranks in the lower-middle tier of Michigan's 83 counties by household earnings.
Similar income to nearby rural counties
Newaygo's median income of $61,931 closely matches Missaukee ($61,868) and trails Montcalm ($64,892) by a modest margin. Monroe County to the southeast and Oakland County further away earn substantially more.
Efficient housing costs boost budgets
Newaygo's rent-to-income ratio of 17.1% ranks among the lowest in the comparison, keeping housing affordable for typical households. With a median home value of $178,300, homeownership remains within reach for families earning the county median.
Low housing burden enables saving
Because housing costs stay just above 17% of income in Newaygo, residents have meaningful opportunity to save and invest. Establishing a regular savings plan and exploring tax-advantaged retirement accounts can help compound wealth over time.
Frequently Asked Questions
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Income Comparison Calculator
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Your income is above the Newaygo County median
County median: $61,931 per year
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vs. State Average
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vs. National Median
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Income Adequacy
Your monthly income ($5,161) vs. median rent ($882/mo). A ratio of 3.3x or higher means rent is under 30% of income.
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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.