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48640 Income Statistics

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Comparison to Surrounding Areas

48640 Median Household Income

The median household income ($76,693) for 48640 is less than the median household income for 48623 ($91,964), 48626 ($81,699), Homer township ($98,050), and Ingersoll township ($93,295). But it's more than 48615 ($62,768), 48883 ($67,255), 48880 ($55,597), 48662 ($65,270), 48657 ($67,414), 48642 ($75,798), 48637 ($61,100), Midland County ($73,643), Midland city ($71,809), Porter township ($72,500), Mount Haley township ($74,583), Midland charter township ($76,324), Lee township ($54,032), Jasper township ($74,271), and Greendale township ($57,000).

48640$76,693
Midland city$71,809
Greendale township$57,000
Homer township$98,050
Ingersoll township$93,295
Jasper township$74,271
Lee township$54,032
Midland charter township$76,324
Mount Haley township$74,583
Porter township$72,500
Midland County$73,643

48640 Average Household Income

The average household income ($102,781) for 48640 is less than the average household income for 48623 ($115,975), 48642 ($103,155), Homer township ($108,001), and Ingersoll township ($107,807). But it's more than 48615 ($79,263), 48883 ($78,752), 48880 ($73,718), 48662 ($82,557), 48657 ($89,945), 48637 ($78,139), 48626 ($100,265), Midland County ($99,402), Midland city ($99,857), Porter township ($84,494), Mount Haley township ($96,051), Midland charter township ($93,274), Lee township ($71,841), Jasper township ($86,151), and Greendale township ($76,741).

48640$102,781
Midland city$99,857
Greendale township$76,741
Homer township$108,001
Ingersoll township$107,807
Jasper township$86,151
Lee township$71,841
Midland charter township$93,274
Mount Haley township$96,051
Porter township$84,494
Midland County$99,402

48640 Per-Capita Income

The per-capita income for 48640 is $41,987. The per capita income ($41,987) for 48640 is less than the per capita income for 48642 ($43,968), Ingersoll township ($44,393), and Midland city ($43,155). But it's more than 48883 ($31,542), 48615 ($30,842), 48623 ($40,595), 48626 ($39,824), 48637 ($32,015), 48657 ($38,074), 48662 ($34,819), 48880 ($19,271), Midland County ($41,594), Greendale township ($31,157), Homer township ($41,067), Jasper township ($33,734), Lee township ($29,703), Midland charter township ($35,296), Mount Haley township ($38,404), and Porter township ($33,836).

48640$41,987
Midland city$43,155
Greendale township$31,157
Homer township$41,067
Ingersoll township$44,393
Jasper township$33,734
Lee township$29,703
Midland charter township$35,296
Mount Haley township$38,404
Porter township$33,836
Midland County$41,594

48640 High Income Households

11.2% of households make over $200,000 a year. The percent high income households (11.2%) for 48640 is more than 48615 (3.0%), 48883 (2.2%), 48880 (5.0%), 48662 (6.0%), 48657 (7.0%), 48642 (11.6%), 48637 (4.1%), 48626 (5.4%), 48623 (11.9%), Midland County (10.2%), Midland city (10.8%), Porter township (5.6%), Mount Haley township (5.3%), Midland charter township (8.7%), Lee township (2.6%), Jasper township (3.2%), Ingersoll township (9.1%), Homer township (13.6%), and Greendale township (2.6%).

4864011.2%
Midland city10.8%
Greendale township2.6%
Homer township13.6%
Ingersoll township9.1%
Jasper township3.2%
Lee township2.6%
Midland charter township8.7%
Mount Haley township5.3%
Porter township5.6%
Midland County10.2%

48640 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
48640$35,101$79,521$93,075$56,656
Midland city$39,231$80,883$83,762$57,156
Greendale township$41,667$69,125$60,417$43,977
Homer township$-1$102,557$140,038$45,188
Ingersoll township$54,375$99,886$110,809$72,750
Jasper township$61,750$128,929$79,583$35,139
Lee township$-1$53,024$59,375$51,875
Midland charter township$-1$78,438$96,875$60,833
Mount Haley township$-1$102,679$84,875$58,571
Porter township$-1$75,417$77,188$56,429
Midland County$41,620$85,484$88,944$55,564

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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 48640 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+
48640+/-$5,830+/-$6,342+/-$2,338+/-2.3%+/-$12,209+/-$10,055+/-$5,598+/-$6,503
Midland city+/-$4,834+/-$5,325+/-$2,045+/-1.7%+/-$11,120+/-$7,127+/-$7,736+/-$5,013
Greendale township+/-$12,437+/-$20,053+/-$7,797+/-1.7%+/-$38,098+/-$20,036+/-$17,202+/-$11,161
Homer township+/-$12,866+/-$17,723+/-$6,728+/-8.3%+/-$-1+/-$47,278+/-$46,323+/-$8,073
Ingersoll township+/-$12,508+/-$9,871+/-$3,893+/-4.1%+/-$23,518+/-$21,160+/-$21,417+/-$26,138
Jasper township+/-$8,437+/-$10,856+/-$3,800+/-2.2%+/-$40,412+/-$51,953+/-$21,822+/-$4,305
Lee township+/-$14,445+/-$9,470+/-$4,435+/-2.4%+/-$-1+/-$24,449+/-$41,420+/-$23,004
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
Porter township+/-$8,217+/-$9,324+/-$3,129+/-2.9%+/-$-1+/-$36,474+/-$21,348+/-$30,993
Midland County+/-$3,212+/-$3,443+/-$1,352+/-1.1%+/-$9,686+/-$5,373+/-$4,341+/-$3,735