Income

Household Income (HHI)

Median HHI - $66,679

With a Median Household Income of $66,679 the South Bend-Benton Harbor, IN-MI Market ranks 105th across STI Markets.

Average HHI - $88,048

The Average Household Income is $88,048 for which this market ranks 109th.

Income Distribution

Figure 37: Income Distribution

Income Distribtuion Line

Below the multi-colored line represents the same data for household income in the South Bend-Benton Harbor, IN-MI market, but more equally lays out the distribution of population versus the income level, correcting for differences in size of income ranges. You will also notice that after 200k the income ranges are scaled down so the focus is more centered on the more numerous Households making under 200k. The black line represents the National Income Distribution for comparison.

Figure 38: Income Distribution Line

Income Inequality - Moderate

The distribution of Household Income in the South Bend-Benton Harbor, IN-MI market can be considered Moderate with a Gini coefficient of 0.432. This market ranks 132nd in Household Income Inequality across all STI Markets.

Average Household Income by Census Tract

The interquartile range of Average Household Income across the market’s Census Tracts, that is its 25th percentile and 75th percentile values, are $66,982 and $103,288, respectively.

Figure 39: Household Income Thematic

HH Income by Age of Head of Householder

Distribtion Comaprison

Figure 40: Income Distribution Line

HHI Age under 25 - $58,237

With an Average Household Income for those head of householders aged under 25 of $58,237 the South Bend-Benton Harbor, IN-MI market ranks 67th across STI Markets.

Figure 41: HHI 00to25 Thematic

HHI Age 25 to 45 - $91,960

With an Average Household Income for those head of householders aged 25 to 45 of $91,960 the South Bend-Benton Harbor, IN-MI market ranks 118th across STI Markets.

Figure 42: HHI 25to45 Thematic

HHI Age 45 to 65 - $101,998

With an Average Household Income for those head of householders aged 45 to 65 of $101,998 the South Bend-Benton Harbor, IN-MI market ranks 101st across STI Markets.

Figure 43: HHI 45to65 Thematic

HHI Age 65 plus - $70,070

With an Average Household Income for those head of householders aged 65 and over of $70,070 the South Bend-Benton Harbor, IN-MI market ranks 128th across STI Markets.

Figure 44: HHI 65over Thematic

HH Income by Age of Head of Householder

Distribtion Comaprison

Figure 45: Income Distribution Line

HHI White - $91,644

With an Average Household Income for those head of householders Non-Hispanic White of $91,644 the South Bend-Benton Harbor, IN-MI market ranks 118th across STI Markets.

Figure 46: HHI white Thematic

HHI Black - $54,730

With an Average Household Income for those head of householders identifying as Non-Hispanic Black of $54,730 the South Bend-Benton Harbor, IN-MI market ranks 155th across STI Markets.

Figure 47: HHI black Thematic

HHI Asian - $104,847

With an Average Household Income for those head of householders identifying as Non-Hispanic Asian of $104,847 the South Bend-Benton Harbor, IN-MI market ranks 96th across STI Markets.

Figure 48: HHI asian Thematic

HHI Other - $83,385

With an Average Household Income for those head of householders identifying as Non-Hispanic Other of $83,385 the South Bend-Benton Harbor, IN-MI market ranks 94th across STI Markets.

Figure 49: HHI other Thematic

HHI Hispanic - $79,211

With an Average Household Income for those head of householders identifying as Hispanic of $79,211 the South Bend-Benton Harbor, IN-MI market ranks 108th across STI Markets.

Figure 50: HHI hispanic Thematic

Disposible Income - $69,589

Disposable income is defined here as Household Income after accounting for Federal, State, and Local taxes. The Average Household Disposable Income is $69,589 which ranks 120th across STI Markets.

This is a drop of $18,459, or 20.96%, overall this percentage drop ranks 81st across STI Markets.

Figure 51: Disposible Income VS HH Income

Purple = 15% decrease, Blue = 25% decrease, Green = 35% decrease, Orange = 45% decrease, Red = 55% decrease

Discretionary Income - $51,040

Discretionary income goes a step further. It takes Disposable Income, which already accounts for taxes, and accounts for the typical cost of Food, Housing, and Clothing. The Average Household Discretionary Income is $51,040 which ranks 108th across STI Markets.

This is a drop of $37,008, or 42.03%, overall this percentage drop ranks 112th across STI Markets.

Figure 52: Discretionary Income VS HH Income

Purple = 15% decrease, Blue = 25% decrease, Green = 35% decrease, Orange = 45% decrease, Red = 55% decrease

Labor

Housing