Per Capita Income
Goal: Per capita income of households, families and individuals will be at federal levels.
The average personal income per person, family, and household (2009-2011).
Why This Indicator is Important
Comparisons between state and local per capita income offer insight into the economic well‐being of a community. Lower than average per capita income may indicate that the local economy does not adequately support individuals or families. Deeper analysis of per capita income also reveals trends that indicate income distribution.
How Are We Doing?
Examining trends from 2009-2011, data show that in per capita income ($21,737), median household income for families ($53,914), and median household income for households ($43,258), Saginaw County is below state averages, from $3,000 for per capita income to $5,000 for household income, and $7,000 for family income. However, within Saginaw County that family household income more equally distributed across families than in Michigan. If the data is examined by income level, the majority of persons of median family income range in between $45,000-$100,000 in Michigan and Saginaw County, with slight increase in the percentage of families earning over $100,000 in Michigan and the same increase for median household income for families in Saginaw County earning less than $25,000.
How Can You Have An Impact?
- Advocate for strengthening the business climate through investment and legislation.
- Work towards adding additional jobs to help reverse trends of stagnating income.
- Create a grassroots network of economic leaders to help revitalize business health.
- Market the county with prospective employers in mind.