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48331 Income Statistics

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Comparison to Surrounding Areas

48331 Median Household Income

The median household income ($120,929) for 48331 is more than 48390 ($84,172), 48375 ($110,666), 48377 ($78,433), 48322 ($111,447), 48334 ($95,601), 48335 ($95,109), 48336 ($87,165), Oakland County ($92,620), and Farmington Hills city ($101,728).

48331$120,929
Farmington Hills city$101,728
Oakland County$92,620

48331 Average Household Income

The average household income ($143,857) for 48331 is less than the average household income for 48322 ($145,900). But it's more than 48390 ($106,298), 48375 ($137,051), 48377 ($105,015), 48334 ($115,736), 48335 ($113,580), 48336 ($106,680), Oakland County ($126,488), and Farmington Hills city ($124,925).

48331$143,857
Farmington Hills city$124,925
Oakland County$126,488

48331 Per-Capita Income

The per-capita income for 48331 is $59,872. The per capita income ($59,872) for 48331 is more than 48390 ($47,477), 48375 ($57,655), 48377 ($49,880), 48322 ($56,694), 48334 ($48,719), 48335 ($52,834), 48336 ($46,100), Oakland County ($53,157), and Farmington Hills city ($53,661).

48331$59,872
Farmington Hills city$53,661
Oakland County$53,157

48331 High Income Households

20.6% of households make over $200,000 a year. The percent high income households (20.6%) for 48331 is more than 48390 (11.4%), 48375 (19.5%), 48377 (11.0%), 48322 (21.4%), 48334 (14.8%), 48335 (12.3%), 48336 (11.7%), Oakland County (16.5%), and Farmington Hills city (15.8%).

4833120.6%
Farmington Hills city15.8%
Oakland County16.5%

48331 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
48331$-1$126,111$151,250$83,733
Farmington Hills city$48,574$113,038$120,557$73,778
Oakland County$48,948$101,983$117,191$63,313

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About the Data

Sources & Margins of Error

All income statistics above are the most current, comparable income statistics available from the US Census Bureau and are from the American Community Survey 2022 5-year estimates. You can find this information and other demographics for 48331 on the US Census Bureau’s website. These values are in 2022 inflation-adjusted dollars and were downloaded on 7 December 2023.

The following data tables were used:

  • B19001 Household Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • B19013 Median Household Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • B19301 Per Capita Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • S1902 Mean Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • B19049 Median Household Income in the Past 12 Months (in 2022 inflation-adjusted dollars) By Age Of Householder

Margins of error for the above income data are:

Median Household Income Average Household Income Per Capita Income High Income Households Median Household Income by Age of Householder
under 25 25 to 44 45 to 64 65+
48331+/-$11,449+/-$7,494+/-$3,136+/-2.6%+/-$-1+/-$17,175+/-$21,772+/-$17,171
Farmington Hills city+/-$4,648+/-$6,742+/-$3,112+/-1.4%+/-$13,421+/-$4,033+/-$8,972+/-$5,198
Oakland County+/-$953+/-$1,234+/-$481+/-0.3%+/-$3,944+/-$1,701+/-$1,716+/-$1,466