The median household income in Caro, MI in 2022 was $43,358, which was 54.5% less than the median annual income of $66,986 across the entire state of Michigan. Compared to the median income of $31,226 in 2000 this represents an increase of 28.0%. The per capita income in 2022 was $27,589, which means an increase of 37.8% compared to 2000 when it was $17,152.
Whole page based on the data from 2000 / 2022 when the population of Caro, Michigan was 4,145 / 4,284
Income statistics for all residents
Median household income in Caro, MI in 2022:
Caro:
$43,359
State:
$66,986
Change in median household income between 2000 and 2022:
Caro, Michigan:
+38.9%
Michigan:
+50.0%
Number of households with income < $10k:
Caro:
7.3% (140)
State:
5.7% (231,223)
Number of households with income $10k - 20k:
Caro:
19.7% (378)
Michigan:
7.5% (306,955)
Number of households with income $20k - 30k:
Caro:
6.6% (126)
Michigan:
7.9% (324,153)
Number of households with income $30k - 40k:
Caro:
11.3% (218)
State:
8.3% (341,408)
Number of households with income $40k - 50k:
Caro:
13.0% (249)
State:
7.9% (322,255)
Number of households with income $50k - 60k:
Caro:
3.1% (60)
State:
7.5% (305,914)
Number of households with income $60k - 75k:
Caro:
12.1% (233)
State:
10.1% (414,440)
Number of households with income $75k - 100k:
Caro:
9.0% (173)
State:
13.2% (538,299)
Number of households with income $100k - 125k:
Caro:
9.6% (184)
State:
9.7% (396,282)
Number of households with income $125k - 150k:
Caro:
1.6% (31)
Michigan:
6.7% (273,144)
Number of households with income $150k - 200k:
Caro:
4.7% (90)
Michigan:
7.5% (305,077)
Number of households with income > $200k:
Caro:
2.1% (40)
Michigan:
8.1% (330,644)
Aggregate household income in Caro in 2022: $111,957,531
Median family income in Caro in 2022:
Caro:
$53,091
State:
$85,865
Number of families with income < $10k:
Caro:
2.4% (22)
Michigan:
3.5% (89,010)
Number of families with income $10k - 20k:
Caro:
11.6% (108)
State:
3.9% (100,567)
Number of families with income $20k - 30k:
Caro:
7.4% (69)
Michigan:
5.0% (127,320)
Number of families with income $30k - 40k:
Caro:
13.2% (123)
State:
6.4% (163,565)
Number of families with income $40k - 50k:
Caro:
14.3% (133)
State:
6.8% (172,384)
Number of families with income $50k - 60k:
Caro:
2.5% (23)
State:
7.1% (179,870)
Number of families with income $60k - 75k:
Caro:
5.6% (52)
Michigan:
10.3% (263,723)
Number of families with income $75k - 100k:
Caro:
11.4% (107)
State:
15.0% (383,364)
Number of families with income $100k - 125k:
Caro:
16.8% (157)
State:
11.8% (301,751)
Number of families with income $125k - 150k:
Caro:
3.3% (31)
State:
8.6% (220,338)
Number of families with income $150k - 200k:
Caro:
8.7% (81)
State:
10.2% (259,462)
Number of families with income > $200k:
Caro:
2.8% (26)
State:
11.3% (287,206)
Median non-family income in Caro in 2022:
Caro:
$31,692
Michigan:
$40,459
Change in median non-family income between 2000 and 2022:
Caro, Michigan:
+76.8%
State:
+54.5%
Median per capita income in Caro in 2022:
Caro:
$27,590
State:
$38,151
Change in median per capita income between 2000 and 2022:
Caro, Michigan:
+60.9%
State:
+72.1%
Income statistics for White residents
Median household income in Caro, MI in 2022:
Caro:
$44,137
State:
$71,609
Change in median household income between 2000 and 2022:
Caro, Michigan:
+38.7%
State:
+52.9%
Number of households with income < $10k:
Caro:
7.4% (137)
State:
4.4% (140,440)
Number of households with income $10k - 20k:
Caro:
18.9% (348)
State:
6.5% (205,547)
Number of households with income $20k - 30k:
Caro:
6.7% (123)
Michigan:
7.6% (242,254)
Number of households with income $30k - 40k:
Caro:
11.3% (208)
Michigan:
8.1% (257,175)
Number of households with income $40k - 50k:
Caro:
13.4% (247)
State:
7.8% (246,839)
Number of households with income $50k - 60k:
Caro:
3.2% (58)
State:
7.4% (233,723)
Number of households with income $60k - 75k:
Caro:
12.5% (229)
State:
10.4% (328,664)
Number of households with income $75k - 100k:
Caro:
8.2% (151)
Michigan:
13.6% (431,867)
Number of households with income $100k - 125k:
Caro:
9.8% (180)
State:
10.3% (325,164)
Number of households with income $125k - 150k:
Caro:
1.7% (31)
State:
7.1% (226,232)
Number of households with income $150k - 200k:
Caro:
4.7% (87)
State:
8.1% (255,445)
Number of households with income > $200k:
Caro:
2.2% (40)
Michigan:
8.7% (276,727)
Aggregate household income in Caro in 2022: $107,494,266
Median family income in Caro in 2022:
Caro:
$51,007
State:
$90,317
Number of families with income < $10k:
Caro:
2.4% (21)
Michigan:
2.5% (49,508)
Number of families with income $10k - 20k:
Caro:
11.2% (101)
State:
3.2% (64,106)
Number of families with income $20k - 30k:
Caro:
8.0% (72)
State:
4.6% (91,551)
Number of families with income $30k - 40k:
Caro:
13.8% (124)
State:
5.9% (117,356)
Number of families with income $40k - 50k:
Caro:
14.5% (130)
State:
6.4% (127,491)
Number of families with income $50k - 60k:
Caro:
2.5% (22)
State:
6.8% (135,883)
Number of families with income $60k - 75k:
Caro:
5.7% (51)
State:
10.5% (209,130)
Number of families with income $75k - 100k:
Caro:
9.6% (86)
State:
15.5% (309,815)
Number of families with income $100k - 125k:
Caro:
17.2% (154)
Michigan:
12.4% (248,235)
Number of families with income $125k - 150k:
Caro:
3.4% (30)
State:
9.2% (182,895)
Number of families with income $150k - 200k:
Caro:
8.9% (79)
Michigan:
11.0% (218,573)
Number of families with income > $200k:
Caro:
2.9% (26)
State:
12.0% (239,713)
Median non-family income in Caro in 2022:
Caro:
$31,808
Michigan:
$42,438
Change in median non-family income between 2000 and 2022:
Caro, Michigan:
+74.6%
State:
+56.8%
Median per capita income in Caro in 2022:
Caro:
$28,308
State:
$41,514
Change in median per capita income between 2000 and 2022:
Caro, Michigan:
+61.2%
State:
+75.2%
Income statistics for Black or African American residents
Median per capita income in Caro in 2022:
Caro:
$10,519
State:
$25,207
Change in median per capita income between 2000 and 2022:: -23.4%
Caro, Michigan:
-23.4%
State:
+60.4%
Income statistics for Hispanic or Latino residents
Median household income in Caro, MI in 2022:
Caro:
$47,927
State:
$62,497
Change in median household income between 2000 and 2022:
Caro, Michigan:
+100.8%
Michigan:
+62.4%
Number of households with income < $10k:
Caro:
0.0% (0)
State:
6.0% (10,028)
Number of households with income $10k - 20k:
Caro:
0.0% (0)
State:
6.5% (10,959)
Number of households with income $20k - 30k:
Caro:
0.0% (0)
State:
9.1% (15,369)
Number of households with income $30k - 40k:
Caro:
19.2% (15)
Michigan:
7.9% (13,373)
Number of households with income $40k - 50k:
Caro:
50.0% (39)
State:
9.1% (15,369)
Number of households with income $50k - 60k:
Caro:
0.0% (0)
State:
8.9% (14,990)
Number of households with income $60k - 75k:
Caro:
6.4% (5)
State:
11.5% (19,325)
Number of households with income $75k - 100k:
Caro:
20.5% (16)
State:
14.9% (25,158)
Number of households with income $100k - 125k:
Caro:
0.0% (0)
State:
8.8% (14,758)
Number of households with income $125k - 150k:
Caro:
0.0% (0)
State:
5.3% (8,915)
Number of households with income $150k - 200k:
Caro:
3.8% (3)
Michigan:
6.7% (11,249)
Number of households with income > $200k:
Caro:
0.0% (0)
Michigan:
5.3% (8,978)
Aggregate household income in Caro in 2022: $4,405,731
Median family income in Caro in 2022:
Caro:
$47,148
State:
$69,994
Number of families with income $30k - 40k:
Caro:
21.6% (17)
State:
7.5% (8,261)
Number of families with income $40k - 50k:
Caro:
48.1% (37)
State:
8.3% (9,117)
Number of families with income $60k - 75k:
Caro:
5.9% (4)
State:
10.8% (11,865)
Number of families with income $75k - 100k:
Caro:
20.4% (16)
State:
16.4% (18,094)
Number of families with income $150k - 200k:
Caro:
4.0% (3)
State:
7.4% (8,182)
Median per capita income in Caro in 2022:
Caro:
$17,298
State:
$25,462
Income statistics for American Indian and Alaska Native residents
Median household income in Caro, MI in 2022:
Caro:
$14,214
Michigan:
$54,651
Number of households with income < $10k:
Caro:
0.0% (0)
State:
5.7% (956)
Number of households with income $10k - 20k:
Caro:
91.7% (22)
Michigan:
11.4% (1,930)
Number of households with income $20k - 30k:
Caro:
0.0% (0)
State:
12.0% (2,032)
Number of households with income $30k - 40k:
Caro:
4.2% (1)
State:
7.8% (1,319)
Number of households with income $40k - 50k:
Caro:
0.0% (0)
State:
7.5% (1,276)
Number of households with income $50k - 60k:
Caro:
0.0% (0)
State:
10.1% (1,711)
Number of households with income $60k - 75k:
Caro:
0.0% (0)
Michigan:
9.9% (1,673)
Number of households with income $75k - 100k:
Caro:
0.0% (0)
State:
11.4% (1,931)
Number of households with income $100k - 125k:
Caro:
0.0% (0)
State:
8.4% (1,414)
Number of households with income $125k - 150k:
Caro:
0.0% (0)
Michigan:
6.7% (1,131)
Number of households with income $150k - 200k:
Caro:
4.2% (1)
State:
4.2% (709)
Number of households with income > $200k:
Caro:
0.0% (0)
State:
5.0% (838)
Aggregate household income in Caro in 2022: $465,740
Median non-family income in Caro in 2022:
Caro:
$12,704
State:
$30,886
Median per capita income in Caro in 2022:
Caro:
$20,299
Michigan:
$27,661
Income statistics for Multirace residents
Median household income in Caro, MI in 2022:
Caro:
$32,733
State:
$63,251
Number of households with income < $10k:
Caro:
0.0% (0)
State:
6.1% (12,463)
Number of households with income $10k - 20k:
Caro:
25.6% (10)
State:
8.7% (17,830)
Number of households with income $20k - 30k:
Caro:
12.8% (5)
Michigan:
7.6% (15,686)
Number of households with income $30k - 40k:
Caro:
38.5% (15)
State:
9.5% (19,444)
Number of households with income $40k - 50k:
Caro:
0.0% (0)
State:
7.5% (15,476)
Number of households with income $50k - 60k:
Caro:
0.0% (0)
State:
8.1% (16,622)
Number of households with income $60k - 75k:
Caro:
0.0% (0)
State:
10.6% (21,725)
Number of households with income $75k - 100k:
Caro:
23.1% (9)
State:
14.4% (29,501)
Number of households with income $100k - 125k:
Caro:
0.0% (0)
Michigan:
8.9% (18,231)
Number of households with income $125k - 150k:
Caro:
0.0% (0)
Michigan:
5.8% (11,923)
Number of households with income $150k - 200k:
Caro:
0.0% (0)
Michigan:
6.8% (13,956)
Number of households with income > $200k:
Caro:
0.0% (0)
State:
6.2% (12,672)
Aggregate household income in Caro in 2022: $1,412,476
Median per capita income in Caro in 2022:
Caro:
$19,408
Michigan:
$26,098
Income statistics for other residents
Number of households with income < $10k:
Caro:
0.0% (0)
State:
7.8% (4,680)
Number of households with income $10k - 20k:
Caro:
0.0% (0)
State:
6.4% (3,815)
Number of households with income $20k - 30k:
Caro:
0.0% (0)
Michigan:
9.4% (5,582)
Number of households with income $30k - 40k:
Caro:
0.0% (0)
State:
7.3% (4,338)
Number of households with income $40k - 50k:
Caro:
0.0% (0)
Michigan:
10.2% (6,092)
Number of households with income $50k - 60k:
Caro:
0.0% (0)
State:
8.2% (4,875)
Number of households with income $60k - 75k:
Caro:
0.0% (0)
State:
11.6% (6,923)
Number of households with income $75k - 100k:
Caro:
100.0% (17)
State:
16.3% (9,741)
Number of households with income $100k - 125k:
Caro:
0.0% (0)
State:
8.5% (5,050)
Number of households with income $125k - 150k:
Caro:
0.0% (0)
State:
4.7% (2,776)
Number of households with income $150k - 200k:
Caro:
0.0% (0)
State:
4.5% (2,682)
Number of households with income > $200k:
Caro:
0.0% (0)
Michigan:
5.2% (3,111)
Aggregate household income in Caro in 2022: $991,847
Median per capita income in Caro in 2022:
Caro:
$25,264
State:
$27,114
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