Newaygo County, Michigan

Income Data

-4% vs. Michigan average
$61,931
Median Household Income
$30,694
Per Capita Income

At a Glance

Median Household Income
$61,931
-4% vs. state avg
Per Capita Income
$30,694
-22% vs. national
Income-to-Housing Ratio
34.7%
income as % of home value
Rank in Michigan
#40 / 83
by median household income

How Newaygo County Compares

Newaygo County$61,931
Michigan Average$64,304
National Median$74,755

Detailed Income Statistics

$61,931
Median Household Income
$30,694
Per Capita Income
$178,300
Median Home Value
34.7%
Income-to-Housing Ratio

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

What is the median household income in Newaygo County, Michigan?
The median household income in Newaygo County, Michigan is $61,931, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. This represents the midpoint of all household incomes in the county.
How much do people earn in Newaygo County?
The per capita income in Newaygo County is $30,694, which represents the average income per person across the entire county population. The median household income — which accounts for all earners in a household — is $61,931.
How does Newaygo County compare to the Michigan average?
Newaygo County's median household income of $61,931 is lower than the Michigan state average of $64,304. The per capita income is $30,694, compared to the state average of $35,451.
What is the per capita income in Newaygo County, Michigan?
The per capita income in Newaygo County, Michigan is $30,694, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. Per capita income is calculated by dividing total personal income by total population, providing an average income figure per resident.
Is Newaygo County a low-income area in Michigan?
Newaygo County's median household income of $61,931 is below the Michigan average of $64,304. The per capita income of $30,694 is also lower than the state average of $35,451. Lower incomes can reflect the local economic base, rural vs. urban location, and employment opportunities available in the area.
How does Newaygo County rank for income in Michigan?
Newaygo County ranks #40 out of 83 counties in Michigan by median household income (1 = highest). With a median household income of $61,931 and per capita income of $30,694, it falls in the middle third of counties statewide.

Income Comparison Calculator

See how your household income compares in Newaygo County

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Your income is above the Newaygo County median

County median: $61,931 per year

vs. County Median

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vs. State Average

-4%

vs. National Median

-17%

vs. Newaygo County MedianAbout equal
vs. Michigan Average4% below
vs. National Median17% below

Income Adequacy

Monthly income covers median rent5.9x

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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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.