Schoolcraft County, Michigan
Income Data
At a Glance
How Schoolcraft County Compares
Detailed Income Statistics
Data Story
About Household Income in Schoolcraft County, Michigan
Schoolcraft ranks among lowest-income counties
Schoolcraft County's median household income of $57,708 falls 23% below the $74,755 national median, placing it in the lowest national income tier. Residents face significant economic headwinds compared to the typical U.S. household.
Schoolcraft trails Michigan county average
At $57,708, Schoolcraft is the lowest-income county in this eight-county group, sitting $6,596 below Michigan's average of $64,304. The county ranks near the bottom of Michigan's 83 counties, reflecting limited economic diversification.
Schoolcraft has smallest income in peer group
Schoolcraft's median income of $57,708 is lower than all comparable counties in this analysis, including Saginaw ($58,347) and Sanilac ($59,074). This positions Schoolcraft as the most economically challenged among its regional peers.
Housing costs are exceptionally low here
Schoolcraft's rent-to-income ratio of 13.6% is the lowest in this group, giving residents the most housing affordability cushion. The median home value of $123,500 is highly accessible on a $57,708 income, making homeownership realistic for many families.
Start small, invest consistently in Schoolcraft
With lower housing costs freeing up income, Schoolcraft residents should prioritize emergency savings before any investment. Once a $1,000–$2,000 cushion exists, low-cost index funds and automatic monthly contributions can build wealth even on modest earnings.
Frequently Asked Questions
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Income Comparison Calculator
See how your household income compares in Schoolcraft County
Your income is above the Schoolcraft County median
County median: $57,708 per year
vs. County Median
+0%
vs. State Average
-10%
vs. National Median
-23%
Income Adequacy
Your monthly income ($4,809) vs. median rent ($654/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.