The median household income in Buchanan, MI in 2022 was $54,170, which was 23.7% less than the median annual income of $66,986 across the entire state of Michigan. Compared to the median income of $34,244 in 2000 this represents an increase of 36.8%. The per capita income in 2022 was $29,359, which means an increase of 43.5% compared to 2000 when it was $16,600.
Whole page based on the data from 2000 / 2022 when the population of Buchanan, Michigan was 4,681 / 4,247
Income statistics for all residents
Median household income in Buchanan, MI in 2022:
Buchanan:
$54,171
State:
$66,986
Change in median household income between 2000 and 2022:
Buchanan, Michigan:
+58.2%
Michigan:
+50.0%
Number of households with income < $10k:
Buchanan:
3.7% (69)
State:
5.7% (231,223)
Number of households with income $10k - 20k:
Buchanan:
7.8% (145)
Michigan:
7.5% (306,955)
Number of households with income $20k - 30k:
Buchanan:
9.7% (180)
State:
7.9% (324,153)
Number of households with income $30k - 40k:
Buchanan:
11.4% (212)
State:
8.3% (341,408)
Number of households with income $40k - 50k:
Buchanan:
12.8% (238)
State:
7.9% (322,255)
Number of households with income $50k - 60k:
Buchanan:
10.4% (193)
Michigan:
7.5% (305,914)
Number of households with income $60k - 75k:
Buchanan:
18.3% (340)
State:
10.1% (414,440)
Number of households with income $75k - 100k:
Buchanan:
9.4% (175)
State:
13.2% (538,299)
Number of households with income $100k - 125k:
Buchanan:
8.4% (157)
State:
9.7% (396,282)
Number of households with income $125k - 150k:
Buchanan:
1.7% (31)
State:
6.7% (273,144)
Number of households with income $150k - 200k:
Buchanan:
5.4% (101)
State:
7.5% (305,077)
Number of households with income > $200k:
Buchanan:
1.2% (22)
State:
8.1% (330,644)
Aggregate household income in Buchanan in 2022: $120,115,978
Median family income in Buchanan in 2022:
Buchanan:
$63,588
Michigan:
$85,865
Number of families with income < $10k:
Buchanan:
1.5% (15)
State:
3.5% (89,010)
Number of families with income $10k - 20k:
Buchanan:
3.3% (33)
State:
3.9% (100,567)
Number of families with income $20k - 30k:
Buchanan:
10.4% (104)
Michigan:
5.0% (127,320)
Number of families with income $30k - 40k:
Buchanan:
6.6% (66)
Michigan:
6.4% (163,565)
Number of families with income $40k - 50k:
Buchanan:
16.4% (164)
Michigan:
6.8% (172,384)
Number of families with income $50k - 60k:
Buchanan:
8.7% (87)
Michigan:
7.1% (179,870)
Number of families with income $60k - 75k:
Buchanan:
10.1% (101)
State:
10.3% (263,723)
Number of families with income $75k - 100k:
Buchanan:
16.0% (160)
State:
15.0% (383,364)
Number of families with income $100k - 125k:
Buchanan:
12.8% (128)
State:
11.8% (301,751)
Number of families with income $125k - 150k:
Buchanan:
3.1% (31)
State:
8.6% (220,338)
Number of families with income $150k - 200k:
Buchanan:
9.0% (90)
State:
10.2% (259,462)
Number of families with income > $200k:
Buchanan:
2.2% (22)
State:
11.3% (287,206)
Median non-family income in Buchanan in 2022:
Buchanan:
$41,696
State:
$40,459
Change in median non-family income between 2000 and 2022:
Buchanan, Michigan:
+128.7%
State:
+54.5%
Median per capita income in Buchanan in 2022:
Buchanan:
$29,360
State:
$38,151
Change in median per capita income between 2000 and 2022:
Buchanan, Michigan:
+76.9%
Michigan:
+72.1%
Income statistics for White residents
Median household income in Buchanan, MI in 2022:
Buchanan:
$48,964
State:
$71,609
Change in median household income between 2000 and 2022:
Buchanan, Michigan:
+39.0%
Michigan:
+52.9%
Number of households with income < $10k:
Buchanan:
3.6% (51)
State:
4.4% (140,440)
Number of households with income $10k - 20k:
Buchanan:
6.9% (99)
State:
6.5% (205,547)
Number of households with income $20k - 30k:
Buchanan:
10.1% (145)
State:
7.6% (242,254)
Number of households with income $30k - 40k:
Buchanan:
14.0% (201)
State:
8.1% (257,175)
Number of households with income $40k - 50k:
Buchanan:
16.2% (232)
State:
7.8% (246,839)
Number of households with income $50k - 60k:
Buchanan:
7.4% (106)
State:
7.4% (233,723)
Number of households with income $60k - 75k:
Buchanan:
12.5% (179)
State:
10.4% (328,664)
Number of households with income $75k - 100k:
Buchanan:
11.6% (167)
Michigan:
13.6% (431,867)
Number of households with income $100k - 125k:
Buchanan:
7.9% (114)
State:
10.3% (325,164)
Number of households with income $125k - 150k:
Buchanan:
2.0% (29)
Michigan:
7.1% (226,232)
Number of households with income $150k - 200k:
Buchanan:
6.3% (90)
State:
8.1% (255,445)
Number of households with income > $200k:
Buchanan:
1.6% (23)
Michigan:
8.7% (276,727)
Aggregate household income in Buchanan in 2022: $96,640,839
Median family income in Buchanan in 2022:
Buchanan:
$62,096
State:
$90,317
Number of families with income < $10k:
Buchanan:
1.6% (14)
State:
2.5% (49,508)
Number of families with income $20k - 30k:
Buchanan:
7.5% (66)
State:
4.6% (91,551)
Number of families with income $30k - 40k:
Buchanan:
8.1% (72)
State:
5.9% (117,356)
Number of families with income $40k - 50k:
Buchanan:
17.2% (152)
State:
6.4% (127,491)
Number of families with income $50k - 60k:
Buchanan:
10.7% (94)
State:
6.8% (135,883)
Number of families with income $60k - 75k:
Buchanan:
12.6% (111)
Michigan:
10.5% (209,130)
Number of families with income $75k - 100k:
Buchanan:
17.1% (151)
State:
15.5% (309,815)
Number of families with income $100k - 125k:
Buchanan:
10.2% (90)
State:
12.4% (248,235)
Number of families with income $125k - 150k:
Buchanan:
3.4% (30)
State:
9.2% (182,895)
Number of families with income $150k - 200k:
Buchanan:
8.9% (79)
Michigan:
11.0% (218,573)
Number of families with income > $200k:
Buchanan:
2.7% (23)
State:
12.0% (239,713)
Median non-family income in Buchanan in 2022:
Buchanan:
$34,376
State:
$42,438
Change in median non-family income between 2000 and 2022:
Buchanan, Michigan:
+83.7%
State:
+56.8%
Median per capita income in Buchanan in 2022:
Buchanan:
$30,665
State:
$41,514
Change in median per capita income between 2000 and 2022:
Buchanan, Michigan:
+76.9%
State:
+75.2%
Income statistics for Black or African American residents
Number of households with income < $10k:
Buchanan:
19.1% (18)
State:
12.7% (66,307)
Number of households with income $10k - 20k:
Buchanan:
33.0% (31)
Michigan:
14.2% (73,877)
Number of households with income $20k - 30k:
Buchanan:
8.5% (8)
Michigan:
10.2% (52,930)
Number of households with income $30k - 40k:
Buchanan:
0.0% (0)
State:
10.3% (53,542)
Number of households with income $40k - 50k:
Buchanan:
0.0% (0)
State:
9.1% (47,110)
Number of households with income $50k - 60k:
Buchanan:
0.0% (0)
State:
8.1% (41,969)
Number of households with income $60k - 75k:
Buchanan:
0.0% (0)
State:
9.0% (46,784)
Number of households with income $75k - 100k:
Buchanan:
0.0% (0)
State:
9.7% (50,718)
Number of households with income $100k - 125k:
Buchanan:
39.4% (37)
State:
6.7% (34,802)
Number of households with income $125k - 150k:
Buchanan:
0.0% (0)
State:
4.1% (21,083)
Number of households with income $150k - 200k:
Buchanan:
0.0% (0)
Michigan:
3.4% (17,885)
Number of households with income > $200k:
Buchanan:
0.0% (0)
State:
2.6% (13,430)
Aggregate household income in Buchanan in 2022: $2,791,159
Median per capita income in Buchanan in 2022:
Buchanan:
$13,728
Michigan:
$25,207
Change in median per capita income between 2000 and 2022:
Buchanan, Michigan:
+7.2%
State:
+60.4%
Income statistics for Asian residents
Median per capita income in Buchanan in 2022:
Buchanan:
$15,171
State:
$48,128
Change in median per capita income between 2000 and 2022:
Buchanan, Michigan:
+136.0%
State:
+95.8%
Income statistics for Hispanic or Latino residents
Number of households with income < $10k:
Buchanan:
0.0% (0)
State:
6.0% (10,028)
Number of households with income $10k - 20k:
Buchanan:
0.0% (0)
Michigan:
6.5% (10,959)
Number of households with income $20k - 30k:
Buchanan:
0.0% (0)
State:
9.1% (15,369)
Number of households with income $30k - 40k:
Buchanan:
0.0% (0)
State:
7.9% (13,373)
Number of households with income $40k - 50k:
Buchanan:
0.0% (0)
Michigan:
9.1% (15,369)
Number of households with income $50k - 60k:
Buchanan:
0.0% (0)
State:
8.9% (14,990)
Number of households with income $60k - 75k:
Buchanan:
100.0% (48)
State:
11.5% (19,325)
Number of households with income $75k - 100k:
Buchanan:
0.0% (0)
State:
14.9% (25,158)
Number of households with income $100k - 125k:
Buchanan:
0.0% (0)
Michigan:
8.8% (14,758)
Number of households with income $125k - 150k:
Buchanan:
0.0% (0)
State:
5.3% (8,915)
Number of households with income $150k - 200k:
Buchanan:
0.0% (0)
State:
6.7% (11,249)
Number of households with income > $200k:
Buchanan:
0.0% (0)
State:
5.3% (8,978)
Aggregate household income in Buchanan in 2022: $3,179,256
Median per capita income in Buchanan in 2022:
Buchanan:
$32,712
Michigan:
$25,462
Income statistics for Multirace residents
Median household income in Buchanan, MI in 2022:
Buchanan:
$56,430
State:
$63,251
Change in median household income between 2000 and 2022:
Buchanan, Michigan:
+67.2%
State:
+82.6%
Number of households with income < $10k:
Buchanan:
0.0% (0)
State:
6.1% (12,463)
Number of households with income $10k - 20k:
Buchanan:
0.0% (0)
State:
8.7% (17,830)
Number of households with income $20k - 30k:
Buchanan:
6.1% (19)
State:
7.6% (15,686)
Number of households with income $30k - 40k:
Buchanan:
4.8% (15)
Michigan:
9.5% (19,444)
Number of households with income $40k - 50k:
Buchanan:
4.2% (13)
Michigan:
7.5% (15,476)
Number of households with income $50k - 60k:
Buchanan:
34.7% (108)
Michigan:
8.1% (16,622)
Number of households with income $60k - 75k:
Buchanan:
44.7% (139)
State:
10.6% (21,725)
Number of households with income $75k - 100k:
Buchanan:
0.0% (0)
Michigan:
14.4% (29,501)
Number of households with income $100k - 125k:
Buchanan:
5.5% (17)
State:
8.9% (18,231)
Number of households with income $125k - 150k:
Buchanan:
0.0% (0)
State:
5.8% (11,923)
Number of households with income $150k - 200k:
Buchanan:
0.0% (0)
Michigan:
6.8% (13,956)
Number of households with income > $200k:
Buchanan:
0.0% (0)
State:
6.2% (12,672)
Aggregate household income in Buchanan in 2022: $17,724,897
Median non-family income in Buchanan in 2022:
Buchanan:
$68,400
Michigan:
$38,642
Median per capita income in Buchanan in 2022:
Buchanan:
$30,756
State:
$26,098
Income statistics for other residents
Number of households with income < $10k:
Buchanan:
0.0% (0)
State:
7.8% (4,680)
Number of households with income $10k - 20k:
Buchanan:
0.0% (0)
State:
6.4% (3,815)
Number of households with income $20k - 30k:
Buchanan:
0.0% (0)
State:
9.4% (5,582)
Number of households with income $30k - 40k:
Buchanan:
0.0% (0)
State:
7.3% (4,338)
Number of households with income $40k - 50k:
Buchanan:
0.0% (0)
State:
10.2% (6,092)
Number of households with income $50k - 60k:
Buchanan:
30.8% (24)
Michigan:
8.2% (4,875)
Number of households with income $60k - 75k:
Buchanan:
69.2% (54)
State:
11.6% (6,923)
Number of households with income $75k - 100k:
Buchanan:
0.0% (0)
State:
16.3% (9,741)
Number of households with income $100k - 125k:
Buchanan:
0.0% (0)
State:
8.5% (5,050)
Number of households with income $125k - 150k:
Buchanan:
0.0% (0)
State:
4.7% (2,776)
Number of households with income $150k - 200k:
Buchanan:
0.0% (0)
State:
4.5% (2,682)
Number of households with income > $200k:
Buchanan:
0.0% (0)
State:
5.2% (3,111)
Median per capita income in Buchanan in 2022:
Buchanan:
$6,386
Michigan:
$27,114
Change in median per capita income between 2000 and 2022:: -72.2%
Buchanan, Michigan:
-72.2%
Michigan:
+104.6%
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