Age of householder
Per the latest American Community Survey by the Census Bureau, Suttons Bay sees its highest median household income among householders in the age group of 65 years and over old, at $116,890. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Suttons Bay, where there exist only two delineated age groups, the median household income is $116,890 for householders within the 65 years and over age group, compared to $94,805 for the 45 to 64 years age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $56,332(93.02%), escalating from a median of $60,558 in 2011 to $116,890 in 2021.
- 4(1.26%) households where the householder is under 25 years old.
- 37(11.67%) households with a householder aged between 25 and 44 years.
- 53(16.72%) households with a householder aged between 45 and 64 years.
- 223(70.35%) households where the householder is over 65 years old.
Read more about Suttons Bay, MI median household income by age ➔
Gender
In Suttons Bay, the population consists of 353 males (53.65%) and 305 females (46.35%). Here are the primary highlights from the gender-based income distribution analysis:
- In Suttons Bay, the median income for all workers aged 15 years and older, regardless of work hours, was $50,378 for males and $41,885 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $46,390 for males and $59,113 for females.
- In Suttons Bay, the median income for all workers aged 15 years and older, regardless of work hours, was $50,378 for males and $41,885 for females.
- In Suttons Bay, among full-time, year-round workers aged 15 years and older, males earned a median income of $46,390, while females earned $59,113
Read more about Suttons Bay, MI income by gender ➔
Race
In Suttons Bay, the population is predominantly White, constituting 91.34% 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 $106,200.
- In Suttons Bay, White is both the largest group and the one with the highest median household income, which stands at $106,200.
- In Suttons Bay, the median household income for the households where the householder is White increased by $38,444(56.74%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $67,756 in 2011 and $106,200 in 2021.
- Even though there is a population where the householder is Black or African American, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
Read more about Suttons Bay, MI median household income by race ➔
Year by year
Suttons Bay, MI median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Suttons Bay increased by $38,225 (56.35%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 7 years and declined for 4 years.
- The most significant year-by-year growth occured from 2019 to 2020, when the median household income increased by 17,396 (from $88,269 to $105,665). Similarly the most substantial year-by-year decline occured from 2018 to 2019, when the median household income decreased by 2,333 (from $90,602 to $88,269).
- It then further increased to $120,251 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4058, it is evident that income distribution in Suttons Bay, MI exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $118,043. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $40,913.
Read more about Suttons Bay, MI median household income ➔