The median household income in Elk Rapids, MI in 2022 was $75,679, which was 11.5% greater than the median annual income of $66,986 across the entire state of Michigan. Compared to the median income of $31,382 in 2000 this represents an increase of 58.5%. The per capita income in 2022 was $48,759, which means an increase of 59.5% compared to 2000 when it was $19,735.
Whole page based on the data from 2000 / 2022 when the population of Elk Rapids, Michigan was 1,700 / 1,564
Income statistics for all residents
Median household income in Elk Rapids, MI in 2022:
Elk Rapids:
$75,680
State:
$66,986
Change in median household income between 2000 and 2022:
Elk Rapids, Michigan:
+141.2%
Michigan:
+50.0%
Number of households with income < $10k:
Elk Rapids:
5.8% (48)
State:
5.7% (231,223)
Number of households with income $10k - 20k:
Elk Rapids:
7.4% (61)
Michigan:
7.5% (306,955)
Number of households with income $20k - 30k:
Elk Rapids:
6.3% (52)
State:
7.9% (324,153)
Number of households with income $30k - 40k:
Elk Rapids:
4.2% (35)
State:
8.3% (341,408)
Number of households with income $40k - 50k:
Elk Rapids:
11.0% (91)
State:
7.9% (322,255)
Number of households with income $50k - 60k:
Elk Rapids:
6.4% (53)
State:
7.5% (305,914)
Number of households with income $60k - 75k:
Elk Rapids:
6.9% (57)
Michigan:
10.1% (414,440)
Number of households with income $75k - 100k:
Elk Rapids:
16.7% (138)
State:
13.2% (538,299)
Number of households with income $100k - 125k:
Elk Rapids:
18.5% (153)
Michigan:
9.7% (396,282)
Number of households with income $125k - 150k:
Elk Rapids:
1.4% (12)
State:
6.7% (273,144)
Number of households with income $150k - 200k:
Elk Rapids:
3.5% (29)
Michigan:
7.5% (305,077)
Number of households with income > $200k:
Elk Rapids:
12.0% (99)
State:
8.1% (330,644)
Aggregate household income in Elk Rapids in 2022: $79,251,687
Median family income in Elk Rapids in 2022:
Elk Rapids:
$100,086
State:
$85,865
Number of families with income < $10k:
Elk Rapids:
1.1% (6)
State:
3.5% (89,010)
Number of families with income $10k - 20k:
Elk Rapids:
2.4% (12)
State:
3.9% (100,567)
Number of families with income $30k - 40k:
Elk Rapids:
0.6% (3)
State:
6.4% (163,565)
Number of families with income $40k - 50k:
Elk Rapids:
10.8% (54)
State:
6.8% (172,384)
Number of families with income $50k - 60k:
Elk Rapids:
3.6% (18)
State:
7.1% (179,870)
Number of families with income $60k - 75k:
Elk Rapids:
8.7% (44)
Michigan:
10.3% (263,723)
Number of families with income $75k - 100k:
Elk Rapids:
21.0% (106)
State:
15.0% (383,364)
Number of families with income $100k - 125k:
Elk Rapids:
29.7% (149)
State:
11.8% (301,751)
Number of families with income $125k - 150k:
Elk Rapids:
2.4% (12)
State:
8.6% (220,338)
Number of families with income $150k - 200k:
Elk Rapids:
5.8% (29)
State:
10.2% (259,462)
Number of families with income > $200k:
Elk Rapids:
13.8% (69)
State:
11.3% (287,206)
Median non-family income in Elk Rapids in 2022:
Elk Rapids:
$31,937
State:
$40,459
Change in median non-family income between 2000 and 2022:
Elk Rapids, Michigan:
+66.2%
Michigan:
+54.5%
Median per capita income in Elk Rapids in 2022:
Elk Rapids:
$48,760
Michigan:
$38,151
Change in median per capita income between 2000 and 2022:
Elk Rapids, Michigan:
+147.1%
Michigan:
+72.1%
Income statistics for White residents
Median household income in Elk Rapids, MI in 2022:
Elk Rapids:
$78,939
State:
$71,609
Number of households with income < $10k:
Elk Rapids:
6.3% (47)
Michigan:
4.4% (140,440)
Number of households with income $10k - 20k:
Elk Rapids:
6.5% (48)
State:
6.5% (205,547)
Number of households with income $20k - 30k:
Elk Rapids:
7.0% (52)
State:
7.6% (242,254)
Number of households with income $30k - 40k:
Elk Rapids:
2.4% (18)
State:
8.1% (257,175)
Number of households with income $40k - 50k:
Elk Rapids:
10.1% (75)
State:
7.8% (246,839)
Number of households with income $50k - 60k:
Elk Rapids:
6.2% (46)
Michigan:
7.4% (233,723)
Number of households with income $60k - 75k:
Elk Rapids:
7.7% (57)
State:
10.4% (328,664)
Number of households with income $75k - 100k:
Elk Rapids:
18.1% (135)
State:
13.6% (431,867)
Number of households with income $100k - 125k:
Elk Rapids:
17.1% (127)
Michigan:
10.3% (325,164)
Number of households with income $125k - 150k:
Elk Rapids:
1.6% (12)
State:
7.1% (226,232)
Number of households with income $150k - 200k:
Elk Rapids:
3.9% (29)
Michigan:
8.1% (255,445)
Number of households with income > $200k:
Elk Rapids:
13.2% (98)
State:
8.7% (276,727)
Aggregate household income in Elk Rapids in 2022: $73,670,053
Median family income in Elk Rapids in 2022:
Elk Rapids:
$99,219
Michigan:
$90,317
Number of families with income < $10k:
Elk Rapids:
1.2% (6)
Michigan:
2.5% (49,508)
Number of families with income $10k - 20k:
Elk Rapids:
2.6% (12)
State:
3.2% (64,106)
Number of families with income $30k - 40k:
Elk Rapids:
0.6% (3)
Michigan:
5.9% (117,356)
Number of families with income $40k - 50k:
Elk Rapids:
8.4% (38)
State:
6.4% (127,491)
Number of families with income $50k - 60k:
Elk Rapids:
3.9% (18)
State:
6.8% (135,883)
Number of families with income $60k - 75k:
Elk Rapids:
9.4% (43)
State:
10.5% (209,130)
Number of families with income $75k - 100k:
Elk Rapids:
22.7% (103)
Michigan:
15.5% (309,815)
Number of families with income $100k - 125k:
Elk Rapids:
27.2% (124)
State:
12.4% (248,235)
Number of families with income $125k - 150k:
Elk Rapids:
2.6% (12)
State:
9.2% (182,895)
Number of families with income $150k - 200k:
Elk Rapids:
6.3% (29)
Michigan:
11.0% (218,573)
Number of families with income > $200k:
Elk Rapids:
15.0% (68)
State:
12.0% (239,713)
Median non-family income in Elk Rapids in 2022:
Elk Rapids:
$36,943
Michigan:
$42,438
Change in median non-family income between 2000 and 2022:
Elk Rapids, Michigan:
+92.3%
State:
+56.8%
Median per capita income in Elk Rapids in 2022:
Elk Rapids:
$50,166
State:
$41,514
Income statistics for Asian residents
Median per capita income in Elk Rapids in 2022:
Elk Rapids:
$40,499
State:
$48,128
Income statistics for Hispanic or Latino residents
Median household income in Elk Rapids, MI in 2022:
Elk Rapids:
$32,435
State:
$62,497
Change in median household income between 2000 and 2022:: -22.2%
Elk Rapids, Michigan:
-22.2%
State:
+62.4%
Number of households with income < $10k:
Elk Rapids:
0.0% (0)
Michigan:
6.0% (10,028)
Number of households with income $10k - 20k:
Elk Rapids:
20.9% (9)
Michigan:
6.5% (10,959)
Number of households with income $20k - 30k:
Elk Rapids:
0.0% (0)
State:
9.1% (15,369)
Number of households with income $30k - 40k:
Elk Rapids:
37.2% (16)
Michigan:
7.9% (13,373)
Number of households with income $40k - 50k:
Elk Rapids:
41.9% (18)
Michigan:
9.1% (15,369)
Number of households with income $50k - 60k:
Elk Rapids:
0.0% (0)
State:
8.9% (14,990)
Number of households with income $60k - 75k:
Elk Rapids:
0.0% (0)
State:
11.5% (19,325)
Number of households with income $75k - 100k:
Elk Rapids:
0.0% (0)
State:
14.9% (25,158)
Number of households with income $100k - 125k:
Elk Rapids:
0.0% (0)
State:
8.8% (14,758)
Number of households with income $125k - 150k:
Elk Rapids:
0.0% (0)
Michigan:
5.3% (8,915)
Number of households with income $150k - 200k:
Elk Rapids:
0.0% (0)
Michigan:
6.7% (11,249)
Number of households with income > $200k:
Elk Rapids:
0.0% (0)
State:
5.3% (8,978)
Aggregate household income in Elk Rapids in 2022: $1,406,142
Median per capita income in Elk Rapids in 2022:
Elk Rapids:
$39,129
State:
$25,462
Income statistics for Multirace residents
Median household income in Elk Rapids, MI in 2022:
Elk Rapids:
$42,527
Michigan:
$63,251
Number of households with income < $10k:
Elk Rapids:
0.0% (0)
Michigan:
6.1% (12,463)
Number of households with income $10k - 20k:
Elk Rapids:
16.5% (15)
State:
8.7% (17,830)
Number of households with income $20k - 30k:
Elk Rapids:
0.0% (0)
State:
7.6% (15,686)
Number of households with income $30k - 40k:
Elk Rapids:
27.5% (25)
State:
9.5% (19,444)
Number of households with income $40k - 50k:
Elk Rapids:
25.3% (23)
Michigan:
7.5% (15,476)
Number of households with income $50k - 60k:
Elk Rapids:
8.8% (8)
State:
8.1% (16,622)
Number of households with income $60k - 75k:
Elk Rapids:
0.0% (0)
State:
10.6% (21,725)
Number of households with income $75k - 100k:
Elk Rapids:
0.0% (0)
State:
14.4% (29,501)
Number of households with income $100k - 125k:
Elk Rapids:
22.0% (20)
Michigan:
8.9% (18,231)
Number of households with income $125k - 150k:
Elk Rapids:
0.0% (0)
Michigan:
5.8% (11,923)
Number of households with income $150k - 200k:
Elk Rapids:
0.0% (0)
State:
6.8% (13,956)
Number of households with income > $200k:
Elk Rapids:
0.0% (0)
Michigan:
6.2% (12,672)
Aggregate household income in Elk Rapids in 2022: $4,505,183
Median non-family income in Elk Rapids in 2022:
Elk Rapids:
$31,350
State:
$38,642
Median per capita income in Elk Rapids in 2022:
Elk Rapids:
$36,187
Michigan:
$26,098
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