Algonac, MI
Full City Profile · Michigan · Macomb County County
3.3
/5.0
B
Good
4,152
Population
2,924/sq mi density
$49,738
Median Income
$28,659 per capita
$177,200
Home Value
$264,772 Zillow
$923
Median Rent
38.1% income on rent
49°F
Avg Temperature
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
C+
Economy
2.9 / 5.0
$49,738 median income, 6.6% unemployment
A+
Affordability
4.7 / 5.0
$177,200 home value, $923/mo rent
C
Education
2.3 / 5.0
16.0% bachelor's degree or higher
Income Overview
Median Household Income
$49,738
34% below
US avg: $75,149
Per Capita Income
$28,659
27% below
US avg: $39,052
Unemployment Rate
6.6%
83% above
US avg: 3.6%
Poverty Rate
14.2%
15% above
US avg: 12.4%
Income Comparison: Algonac vs. U.S. Average
Each bar shows Algonac’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$49,738
66%
Per Capita
US: $39,052
$28,659
73%
IRS Avg AGI
US: $72,000
$69,437
96%
Avg Weekly Wage
US: $1,432
$1,366
95%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,366
5% below US avg ($1,432)
Mean Commute Time
30 min
9% above US avg (28 min)
Work From Home
5.3%
65% below US avg (15.2%)
Drive Alone
77.9%
6% above US avg (73.2%)
Public Transit
4.3%
14% below US avg (5.0%)
County GDP
$54,177M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
77.9%
Public Transit
4.3%
Work From Home
5.3%
Other
12.5%
Average commute time
30 minutes
US avg: 28 min
Business Landscape
Total Establishments
19,678
Restaurants
1,797
Healthcare
2,734
Retail
2,687
Manufacturing
1,515
Tax & Financial
IRS Avg Adjusted Gross Income
$69,437
4% below US avg ($72,000)
Avg Property Tax
$5,390
54% above US avg ($3,500)
Cost of Living Index
96.2
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $49,738 |
| Per Capita Income | $28,659 |
| IRS Avg Adjusted Gross Income | $69,437 |
| Avg Weekly Wage | $1,366 |
| County GDP | $54,177M |
Hardship Indicators
| Unemployment Rate | 6.6% |
| Poverty Rate | 14.2% |
| Gini Coefficient | 0.426 |
| Cost of Living Index | 96.2 |
Commute
| Mean Commute | 30 minutes |
| Drive Alone | 77.9% |
| Public Transit | 4.3% |
| Work From Home | 5.3% |
Businesses
| Total Establishments | 19,678 |
| Restaurants | 1,797 |
| Healthcare | 2,734 |
| Retail | 2,687 |
| Manufacturing | 1,515 |
Tax
| IRS Avg AGI | $69,437 |
| Avg Property Tax | $5,390 |