|Measure||Baseline (2015)||Current||Target (2025)||Trend||Michigan||Chart|
|Median household income Disaggregated||$37,250||$38,216||$56,710
Rationale: This is the income needed to meet minimum standards given the cost of living in Calhoun County. Source: MIT Living Wage Calculator: Calhoun County (1 adult and 2 children).
|Some other race||$26,512||$40,000||$38,461|
|Two or more races||$21,255||$25,917||$38,157|
About this measure
Median household income is measured by collecting the sum of the income of all people 15 years and older living in the household. A household includes related family members and all the unrelated people, if any, such as lodgers, foster children, wards, or employees who share the housing unit. A person living alone in a housing unit, or a group of unrelated people sharing a housing unit, is also counted as a household.
Areas with higher median household incomes are likely to have more educated residents and lower unemployment rates. In addition, the higher incomes allow for more disposable income, which allows for more money to be spent within the local economy. This has a multiplier effect in the community as more local dollars are used to make purchases at small businesses.
Source: U.S. Census Bureau
Resources for this measure
Here are a variety of resources to help community members learn more about consectetur adipiscing elit:
About the data
|Definition:||The household income in the exact middle of the income distribution, with half of all incomes below and half of all incomes above.|
|Rationale:||This is the income needed to meet minimum standards given the cost of living in Calhoun County.|
|Source:||U.S. Census Bureau, American Community Survey, 1-year and 5-year samples.|