The median household income in Algonac, MI in 2022 was $48,143, which was 39.1% less than the median annual income of $66,986 across the entire state of Michigan. Compared to the median income of $42,133 in 2000 this represents an increase of 12.5%. The per capita income in 2022 was $27,532, which means an increase of 18.5% compared to 2000 when it was $22,441.
Whole page based on the data from 2000 / 2022 when the population of Algonac, Michigan was 4,613 / 4,164
Income statistics for all residents
Median household income in Algonac, MI in 2022:
Algonac:
$48,143
State:
$66,986
Change in median household income between 2000 and 2022:
Algonac, Michigan:
+14.3%
State:
+50.0%
Number of households with income < $10k:
Algonac:
7.8% (151)
State:
5.7% (231,223)
Number of households with income $10k - 20k:
Algonac:
9.1% (177)
State:
7.5% (306,955)
Number of households with income $20k - 30k:
Algonac:
9.5% (185)
State:
7.9% (324,153)
Number of households with income $30k - 40k:
Algonac:
11.6% (225)
State:
8.3% (341,408)
Number of households with income $40k - 50k:
Algonac:
12.4% (240)
Michigan:
7.9% (322,255)
Number of households with income $50k - 60k:
Algonac:
12.4% (240)
Michigan:
7.5% (305,914)
Number of households with income $60k - 75k:
Algonac:
10.4% (202)
State:
10.1% (414,440)
Number of households with income $75k - 100k:
Algonac:
9.9% (192)
State:
13.2% (538,299)
Number of households with income $100k - 125k:
Algonac:
7.8% (151)
State:
9.7% (396,282)
Number of households with income $125k - 150k:
Algonac:
2.8% (55)
State:
6.7% (273,144)
Number of households with income $150k - 200k:
Algonac:
3.7% (71)
State:
7.5% (305,077)
Number of households with income > $200k:
Algonac:
2.7% (53)
Michigan:
8.1% (330,644)
Aggregate household income in Algonac in 2022: $114,545,153
Median family income in Algonac in 2022:
Algonac:
$52,200
State:
$85,865
Number of families with income < $10k:
Algonac:
6.9% (80)
State:
3.5% (89,010)
Number of families with income $10k - 20k:
Algonac:
5.2% (60)
State:
3.9% (100,567)
Number of families with income $20k - 30k:
Algonac:
5.1% (60)
State:
5.0% (127,320)
Number of families with income $30k - 40k:
Algonac:
11.5% (134)
Michigan:
6.4% (163,565)
Number of families with income $40k - 50k:
Algonac:
12.9% (149)
Michigan:
6.8% (172,384)
Number of families with income $50k - 60k:
Algonac:
15.3% (177)
Michigan:
7.1% (179,870)
Number of families with income $60k - 75k:
Algonac:
13.7% (159)
Michigan:
10.3% (263,723)
Number of families with income $75k - 100k:
Algonac:
6.8% (79)
State:
15.0% (383,364)
Number of families with income $100k - 125k:
Algonac:
8.3% (96)
Michigan:
11.8% (301,751)
Number of families with income $125k - 150k:
Algonac:
4.4% (51)
State:
8.6% (220,338)
Number of families with income $150k - 200k:
Algonac:
6.2% (72)
State:
10.2% (259,462)
Number of families with income > $200k:
Algonac:
3.6% (41)
Michigan:
11.3% (287,206)
Median non-family income in Algonac in 2022:
Algonac:
$31,923
Michigan:
$40,459
Change in median non-family income between 2000 and 2022:
Algonac, Michigan:
+42.2%
State:
+54.5%
Median per capita income in Algonac in 2022:
Algonac:
$27,533
State:
$38,151
Change in median per capita income between 2000 and 2022:
Algonac, Michigan:
+22.7%
State:
+72.1%
Income statistics for White residents
Median household income in Algonac, MI in 2022:
Algonac:
$47,223
State:
$71,609
Change in median household income between 2000 and 2022:
Algonac, Michigan:
+10.5%
Michigan:
+52.9%
Number of households with income < $10k:
Algonac:
7.6% (141)
State:
4.4% (140,440)
Number of households with income $10k - 20k:
Algonac:
9.2% (171)
Michigan:
6.5% (205,547)
Number of households with income $20k - 30k:
Algonac:
10.4% (193)
State:
7.6% (242,254)
Number of households with income $30k - 40k:
Algonac:
12.9% (240)
Michigan:
8.1% (257,175)
Number of households with income $40k - 50k:
Algonac:
11.3% (210)
Michigan:
7.8% (246,839)
Number of households with income $50k - 60k:
Algonac:
12.3% (229)
State:
7.4% (233,723)
Number of households with income $60k - 75k:
Algonac:
10.0% (186)
Michigan:
10.4% (328,664)
Number of households with income $75k - 100k:
Algonac:
8.9% (165)
State:
13.6% (431,867)
Number of households with income $100k - 125k:
Algonac:
8.1% (150)
State:
10.3% (325,164)
Number of households with income $125k - 150k:
Algonac:
2.6% (49)
State:
7.1% (226,232)
Number of households with income $150k - 200k:
Algonac:
3.8% (71)
State:
8.1% (255,445)
Number of households with income > $200k:
Algonac:
2.8% (52)
State:
8.7% (276,727)
Aggregate household income in Algonac in 2022: $108,805,782
Median family income in Algonac in 2022:
Algonac:
$52,431
State:
$90,317
Number of families with income < $10k:
Algonac:
6.6% (72)
Michigan:
2.5% (49,508)
Number of families with income $10k - 20k:
Algonac:
5.5% (60)
Michigan:
3.2% (64,106)
Number of families with income $20k - 30k:
Algonac:
6.1% (66)
State:
4.6% (91,551)
Number of families with income $30k - 40k:
Algonac:
13.2% (143)
State:
5.9% (117,356)
Number of families with income $40k - 50k:
Algonac:
12.0% (130)
Michigan:
6.4% (127,491)
Number of families with income $50k - 60k:
Algonac:
13.0% (141)
State:
6.8% (135,883)
Number of families with income $60k - 75k:
Algonac:
13.6% (148)
State:
10.5% (209,130)
Number of families with income $75k - 100k:
Algonac:
6.2% (67)
State:
15.5% (309,815)
Number of families with income $100k - 125k:
Algonac:
8.7% (94)
State:
12.4% (248,235)
Number of families with income $125k - 150k:
Algonac:
4.2% (45)
State:
9.2% (182,895)
Number of families with income $150k - 200k:
Algonac:
6.7% (73)
Michigan:
11.0% (218,573)
Number of families with income > $200k:
Algonac:
3.9% (43)
Michigan:
12.0% (239,713)
Median non-family income in Algonac in 2022:
Algonac:
$32,149
State:
$42,438
Change in median non-family income between 2000 and 2022:
Algonac, Michigan:
+41.9%
State:
+56.8%
Median per capita income in Algonac in 2022:
Algonac:
$28,267
State:
$41,514
Change in median per capita income between 2000 and 2022:
Algonac, Michigan:
+24.2%
State:
+75.2%
Income statistics for Black or African American residents
Median per capita income in Algonac in 2022:
Algonac:
$21,129
State:
$25,207
Income statistics for Hispanic or Latino residents
Median household income in Algonac, MI in 2022:
Algonac:
$51,132
State:
$62,497
Number of households with income < $10k:
Algonac:
0.0% (0)
Michigan:
6.0% (10,028)
Number of households with income $10k - 20k:
Algonac:
15.0% (9)
State:
6.5% (10,959)
Number of households with income $20k - 30k:
Algonac:
0.0% (0)
Michigan:
9.1% (15,369)
Number of households with income $30k - 40k:
Algonac:
0.0% (0)
State:
7.9% (13,373)
Number of households with income $40k - 50k:
Algonac:
63.3% (38)
State:
9.1% (15,369)
Number of households with income $50k - 60k:
Algonac:
0.0% (0)
Michigan:
8.9% (14,990)
Number of households with income $60k - 75k:
Algonac:
0.0% (0)
Michigan:
11.5% (19,325)
Number of households with income $75k - 100k:
Algonac:
21.7% (13)
Michigan:
14.9% (25,158)
Number of households with income $100k - 125k:
Algonac:
0.0% (0)
State:
8.8% (14,758)
Number of households with income $125k - 150k:
Algonac:
0.0% (0)
Michigan:
5.3% (8,915)
Number of households with income $150k - 200k:
Algonac:
0.0% (0)
State:
6.7% (11,249)
Number of households with income > $200k:
Algonac:
0.0% (0)
Michigan:
5.3% (8,978)
Aggregate household income in Algonac in 2022: $3,102,177
Median per capita income in Algonac in 2022:
Algonac:
$28,359
State:
$25,462
Income statistics for American Indian and Alaska Native residents
Aggregate household income in Algonac in 2022: $106,692
Median per capita income in Algonac in 2022:
Algonac:
$9,695
Michigan:
$27,661
Income statistics for Multirace residents
Median household income in Algonac, MI in 2022:
Algonac:
$67,396
State:
$63,251
Change in median household income between 2000 and 2022:
Algonac, Michigan:
+88.9%
State:
+82.6%
Number of households with income < $10k:
Algonac:
0.0% (0)
State:
6.1% (12,463)
Number of households with income $10k - 20k:
Algonac:
10.8% (14)
State:
8.7% (17,830)
Number of households with income $20k - 30k:
Algonac:
0.0% (0)
State:
7.6% (15,686)
Number of households with income $30k - 40k:
Algonac:
0.0% (0)
Michigan:
9.5% (19,444)
Number of households with income $40k - 50k:
Algonac:
40.8% (53)
Michigan:
7.5% (15,476)
Number of households with income $50k - 60k:
Algonac:
17.7% (23)
State:
8.1% (16,622)
Number of households with income $60k - 75k:
Algonac:
0.0% (0)
State:
10.6% (21,725)
Number of households with income $75k - 100k:
Algonac:
26.9% (35)
State:
14.4% (29,501)
Number of households with income $100k - 125k:
Algonac:
0.0% (0)
State:
8.9% (18,231)
Number of households with income $125k - 150k:
Algonac:
3.8% (5)
State:
5.8% (11,923)
Number of households with income $150k - 200k:
Algonac:
0.0% (0)
Michigan:
6.8% (13,956)
Number of households with income > $200k:
Algonac:
0.0% (0)
Michigan:
6.2% (12,672)
Aggregate household income in Algonac in 2022: $8,001,104
Median family income in Algonac in 2022:
Algonac:
$63,389
State:
$75,671
Number of families with income $40k - 50k:
Algonac:
39.5% (41)
Michigan:
7.0% (9,291)
Number of families with income $50k - 60k:
Algonac:
39.9% (42)
State:
8.0% (10,690)
Number of families with income $75k - 100k:
Algonac:
15.3% (16)
State:
15.5% (20,677)
Number of families with income $125k - 150k:
Algonac:
5.3% (6)
Michigan:
7.6% (10,084)
Median per capita income in Algonac in 2022:
Algonac:
$21,680
Michigan:
$26,098
Change in median per capita income between 2000 and 2022:
Algonac, Michigan:
+69.1%
Michigan:
+106.5%
Income statistics for other residents
Median per capita income in Algonac in 2022:
Algonac:
$22,328
Michigan:
$27,114
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