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48623 Income Statistics

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Comparison to Surrounding Areas

48623 Median Household Income

The median household income ($91,964) for 48623 is less than the median household income for Frankenlust township ($92,344), Ingersoll township ($93,295), and Tittabawassee township ($96,710). But it's more than 48609 ($76,669), 48603 ($61,881), 48604 ($52,285), 48706 ($58,211), 48642 ($75,798), 48640 ($76,693), 48637 ($61,100), 48626 ($81,699), 48611 ($78,488), Bay County ($57,887), Midland County ($73,643), Saginaw County ($56,579), Midland city ($71,809), Thomas township ($77,029), Richland township ($74,208), Kochville township ($48,542), Mount Haley township ($74,583), Midland charter township ($76,324), and Williams charter township ($84,873).

48623$91,964
Midland city$71,809
Richland township$74,208
Thomas township$77,029
Tittabawassee township$96,710
Frankenlust township$92,344
Williams charter township$84,873
Ingersoll township$93,295
Midland charter township$76,324
Mount Haley township$74,583
Kochville township$48,542
Midland County$73,643
Saginaw County$56,579
Bay County$57,887

48623 Average Household Income

The average household income ($115,975) for 48623 is more than 48609 ($97,498), 48604 ($72,800), 48603 ($94,770), 48706 ($75,204), 48642 ($103,155), 48640 ($102,781), 48637 ($78,139), 48626 ($100,265), 48611 ($91,942), Bay County ($75,302), Midland County ($99,402), Saginaw County ($79,210), Midland city ($99,857), Tittabawassee township ($113,701), Thomas township ($106,922), Richland township ($100,166), Kochville township ($64,989), Mount Haley township ($96,051), Midland charter township ($93,274), Ingersoll township ($107,807), Williams charter township ($95,536), and Frankenlust township ($111,101).

48623$115,975
Midland city$99,857
Richland township$100,166
Thomas township$106,922
Tittabawassee township$113,701
Frankenlust township$111,101
Williams charter township$95,536
Ingersoll township$107,807
Midland charter township$93,274
Mount Haley township$96,051
Kochville township$64,989
Midland County$99,402
Saginaw County$79,210
Bay County$75,302

48623 Per-Capita Income

The per-capita income for 48623 is $40,595. The per capita income ($40,595) for 48623 is less than the per capita income for 48603 ($41,865), 48642 ($43,968), 48640 ($41,987), 48609 ($41,123), Midland County ($41,594), Midland city ($43,155), Thomas township ($46,173), Ingersoll township ($44,393), and Frankenlust township ($45,481). But it's more than 48611 ($40,224), 48604 ($27,238), 48706 ($33,482), 48637 ($32,015), 48626 ($39,824), Bay County ($33,331), Saginaw County ($32,839), Tittabawassee township ($36,465), Richland township ($39,661), Kochville township ($17,113), Mount Haley township ($38,404), Midland charter township ($35,296), and Williams charter township ($38,663).

48623$40,595
Midland city$43,155
Richland township$39,661
Thomas township$46,173
Tittabawassee township$36,465
Frankenlust township$45,481
Williams charter township$38,663
Ingersoll township$44,393
Midland charter township$35,296
Mount Haley township$38,404
Kochville township$17,113
Midland County$41,594
Saginaw County$32,839
Bay County$33,331

48623 High Income Households

11.9% of households make over $200,000 a year. The percent high income households (11.9%) for 48623 is more than 48609 (8.0%), 48604 (5.2%), 48603 (7.6%), 48706 (4.5%), 48642 (11.6%), 48640 (11.2%), 48637 (4.1%), 48626 (5.4%), 48611 (3.9%), Bay County (4.5%), Midland County (10.2%), Saginaw County (5.5%), Midland city (10.8%), Tittabawassee township (10.6%), Thomas township (10.4%), Richland township (6.6%), Kochville township (3.7%), Mount Haley township (5.3%), Midland charter township (8.7%), Ingersoll township (9.1%), Williams charter township (5.3%), and Frankenlust township (11.0%).

4862311.9%
Midland city10.8%
Richland township6.6%
Thomas township10.4%
Tittabawassee township10.6%
Frankenlust township11.0%
Williams charter township5.3%
Ingersoll township9.1%
Midland charter township8.7%
Mount Haley township5.3%
Kochville township3.7%
Midland County10.2%
Saginaw County5.5%
Bay County4.5%

48623 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
48623$-1$95,260$111,758$58,910
Midland city$39,231$80,883$83,762$57,156
Richland township$40,645$72,308$106,250$47,500
Thomas township$-1$102,582$88,846$62,083
Tittabawassee township$-1$97,760$113,533$62,188
Frankenlust township$-1$78,732$137,875$75,268
Williams charter township$-1$90,750$118,387$42,368
Ingersoll township$54,375$99,886$110,809$72,750
Midland charter township$-1$78,438$96,875$60,833
Mount Haley township$-1$102,679$84,875$58,571
Kochville township$20,156$90,263$79,000$51,607
Midland County$41,620$85,484$88,944$55,564
Saginaw County$39,478$59,171$68,864$47,784
Bay County$40,108$65,031$70,082$44,130

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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 48623 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+
48623+/-$9,489+/-$9,285+/-$3,113+/-2.7%+/-$-1+/-$7,945+/-$11,985+/-$12,310
Midland city+/-$4,834+/-$5,325+/-$2,045+/-1.7%+/-$11,120+/-$7,127+/-$7,736+/-$5,013
Richland township+/-$17,943+/-$16,784+/-$6,267+/-3.1%+/-$37,992+/-$33,166+/-$22,257+/-$23,716
Thomas township+/-$6,592+/-$10,287+/-$4,346+/-2.8%+/-$-1+/-$29,843+/-$15,835+/-$16,074
Tittabawassee township+/-$8,131+/-$11,642+/-$3,939+/-3.3%+/-$-1+/-$11,644+/-$15,868+/-$17,599
Frankenlust township+/-$14,191+/-$11,900+/-$5,193+/-4.5%+/-$-1+/-$2,425+/-$55,671+/-$25,372
Williams charter township+/-$21,825+/-$11,077+/-$3,392+/-3.7%+/-$-1+/-$15,208+/-$46,381+/-$29,055
Ingersoll township+/-$12,508+/-$9,871+/-$3,893+/-4.1%+/-$23,518+/-$21,160+/-$21,417+/-$26,138
Midland charter township+/-$10,900+/-$9,614+/-$3,680+/-4.2%+/-$-1+/-$27,404+/-$34,510+/-$11,918
Mount Haley township+/-$11,356+/-$12,758+/-$4,735+/-2.7%+/-$-1+/-$34,254+/-$12,109+/-$12,635
Kochville township+/-$6,541+/-$6,339+/-$1,684+/-2.2%+/-$7,042+/-$45,804+/-$13,692+/-$11,988
Midland County+/-$3,212+/-$3,443+/-$1,352+/-1.1%+/-$9,686+/-$5,373+/-$4,341+/-$3,735
Saginaw County+/-$1,405+/-$2,101+/-$841+/-0.5%+/-$1,989+/-$2,745+/-$3,136+/-$1,782
Bay County+/-$2,395+/-$1,949+/-$793+/-0.6%+/-$9,976+/-$4,023+/-$5,174+/-$1,891