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48742 Income Statistics

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Comparison to Surrounding Areas

48742 Median Household Income

The median household income ($51,250) for 48742 is less than the median household income for 48721 ($56,000), 48740 ($51,695), 48762 ($62,563), Alcona township ($65,147), Harrisville township ($59,167), and Hawes township ($53,542). But it's more than 48705 ($47,917), 48745 ($41,667), Alcona County ($50,295), and Gustin township ($47,500). And it's the same as Haynes township ($51,250).

48742$51,250
Alcona township$65,147
Gustin township$47,500
Harrisville township$59,167
Hawes township$53,542
Haynes township$51,250
Alcona County$50,295

48742 Average Household Income

The average household income ($66,318) for 48742 is less than the average household income for 48740 ($68,034), 48762 ($73,054), Alcona township ($74,245), Harrisville township ($72,199), Hawes township ($67,673), and Haynes township ($71,169). But it's more than 48705 ($49,837), 48721 ($62,606), 48745 ($54,613), Alcona County ($64,847), and Gustin township ($54,447).

48742$66,318
Alcona township$74,245
Gustin township$54,447
Harrisville township$72,199
Hawes township$67,673
Haynes township$71,169
Alcona County$64,847

48742 Per-Capita Income

The per-capita income for 48742 is $31,671. The per capita income ($31,671) for 48742 is less than the per capita income for 48762 ($34,872), Alcona township ($37,620), Harrisville township ($31,881), and Haynes township ($34,633). But it's more than 48705 ($25,699), 48721 ($31,397), 48740 ($30,736), 48745 ($24,586), Alcona County ($31,167), Gustin township ($24,920), and Hawes township ($31,623).

48742$31,671
Alcona township$37,620
Gustin township$24,920
Harrisville township$31,881
Hawes township$31,623
Haynes township$34,633
Alcona County$31,167

48742 High Income Households

3.4% of households make over $200,000 a year. The percent high income households (3.4%) for 48742 is more than 48705 (1.4%), 48762 (1.4%), 48745 (1.8%), 48740 (2.5%), 48721 (1.0%), Alcona County (2.8%), Haynes township (1.4%), Hawes township (3.5%), Harrisville township (2.8%), Gustin township (0.6%), and Alcona township (3.6%).

487423.4%
Alcona township3.6%
Gustin township0.6%
Harrisville township2.8%
Hawes township3.5%
Haynes township1.4%
Alcona County2.8%

48742 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
48742$47,500$75,313$53,056$47,361
Alcona township$-1$77,679$70,000$60,759
Gustin township$-1$56,250$83,125$36,375
Harrisville township$-1$75,000$67,375$50,313
Hawes township$-1$73,625$65,481$41,058
Haynes township$26,250$49,000$64,375$51,563
Alcona County$23,359$67,500$54,676$46,941

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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 48742 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+
48742+/-$5,462+/-$6,644+/-$3,582+/-2.4%+/-$5,352+/-$27,972+/-$7,319+/-$7,790
Alcona township+/-$8,453+/-$7,033+/-$4,303+/-2.4%+/-$-1+/-$4,983+/-$20,199+/-$10,353
Gustin township+/-$13,489+/-$8,826+/-$2,556+/-1.0%+/-$-1+/-$12,695+/-$64,896+/-$13,010
Harrisville township+/-$14,948+/-$8,295+/-$3,583+/-2.1%+/-$-1+/-$57,644+/-$8,857+/-$6,781
Hawes township+/-$5,312+/-$9,343+/-$4,357+/-2.8%+/-$-1+/-$32,149+/-$17,242+/-$8,271
Haynes township+/-$8,101+/-$11,503+/-$5,058+/-1.3%+/-$3,832+/-$41,095+/-$38,193+/-$9,924
Alcona County+/-$2,243+/-$2,984+/-$1,327+/-0.8%+/-$4,398+/-$3,875+/-$6,695+/-$2,700