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The income inequality in Farmington Hills, MI (measured using the Gini index) is 0.476, which is lower than than the national average.
Households in Farmington Hills, MI have a median annual income of ,637, which is more than the median annual income of ,336 across the entire United States.
Income inequality had a 0.107% decline from 2016 to 2017, which means that wage distribution grew somewhat more even.
In 2017, the place with the highest Median Household Income (Total) in Farmington Hills, MI was Census Tract 1667 with a value of 0,156, followed by Census Tract 1688 and Census Tract 1681, with respective values of 9,306 and 2,321.7.47% of the population for whom poverty status is determined in Farmington Hills, MI (6.04k out of 80.9k people) live below the poverty line, a number that is lower than the national average of 13.4%.
The largest demographic living in poverty are Males 18 - 24, followed by Females 75 and then Females 45 - 54.
The largest industries in Farmington Hills, MI are Manufacturing (7,564 people), Health Care & Social Assistance (6,769 people), and Professional, Scientific, & Technical Services (5,196 people), and the highest paying industries are Management of Companies & Enterprises (4,511), Manufacturing (,760), and Professional, Scientific, & Technical Services (,906).This is in comparison to a median income of ,463 in 2016, which represents a 7.24% annual growth.In 2017 the highest paid race/ethnicity of Michigan workers was Asian.If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.The most common job groups, by number of people living in Farmington Hills, MI, are Management Occupations (5,901 people), Sales & Related Occupations (4,722 people), and Office & Administrative Support Occupations (4,613 people).