Age of householder
Per the latest American Community Survey by the Census Bureau, Grosse Pointe sees its highest median household income among householders in the age group of 25 to 44 years old, at $172,946. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Grosse Pointe, the median household income stands at $172,946 for householders within the 25 to 44 years age group, followed by $160,448 for the 45 to 64 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $88,683.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $26,552(18.14%), escalating from a median of $146,394 in 2011 to $172,946 in 2021.
- 0 households where the householder is under 25 years old.
- 488(21.57%) households with a householder aged between 25 and 44 years.
- 952(42.09%) households with a householder aged between 45 and 64 years.
- 822(36.34%) households where the householder is over 65 years old.
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Gender
In Grosse Pointe, the population consists of 2,510 males (44.85%) and 3,087 females (55.15%). Here are the primary highlights from the gender-based income distribution analysis:
- In Grosse Pointe, the median income for all workers aged 15 years and older, regardless of work hours, was $106,141 for males and $57,049 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $157,915 for males and $82,570 for females.
- In Grosse Pointe, the median income for all workers aged 15 years and older, regardless of work hours, was $106,141 for males and $57,049 for females.
- In Grosse Pointe, among full-time, year-round workers aged 15 years and older, males earned a median income of $157,915, while females earned $82,570, leading to a 48% gender pay gap among full-time workers. This illustrates that women earn 52 cents for each dollar earned by men in full-time roles. This level of income gap emphasizes the urgency to address and rectify this ongoing disparity, where women, despite working full-time, face a more significant wage discrepancy compared to men in the same employment roles.
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Race
In Grosse Pointe, the population is predominantly White, constituting 90.46% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for White households is $136,312.
- In Grosse Pointe, despite the White population being the most populous, it is worth noting that Two or More Races households actually reports the highest median household income, with a median income of $197,942. This reveals that, while Whites may be the most numerous in Grosse Pointe, Two or More Races households experience greater economic prosperity in terms of median household income.
- In Grosse Pointe, the median household income for the households where the householder is White increased by $12,307(9.92%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $124,005 in 2011 and $136,312 in 2021.
- In Grosse Pointe, there was no reported median household income for Black or African American households in 2011. However, in 2021, the median household income increased to $61,288(2022 inflation-adjusted dollars), marking a significant change.
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Year by year
Grosse Pointe, MI median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Grosse Pointe increased by $15,347 (12.71%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 6 years and declined for 5 years.
- The most significant year-by-year growth occured from 2017 to 2018, when the median household income increased by 11,520 (from $114,836 to $126,356). Similarly the most substantial year-by-year decline occured from 2015 to 2016, when the median household income decreased by 8,992 (from $122,126 to $113,134).
- It then further increased to $135,945 for 6-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.5249, it is evident that income distribution in Grosse Pointe, MI exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $174,921. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $59,171.
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