Welcome to the Townfolio for Rapid , MI where you will find a full community profile.
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Demographics
View the Demographics tab for information such as Median Age, Median Household Income and more. Data is populated from census, state and municipal sources, along with third-party projections.
Total Population
1,768
Median Household Income
38,125
Total Visible Minorities
N/A
Median Age
41.7What is the Median Age of Rapid , MI?
Rapid , MI has a median age of 41 years old. Overall, the median age in Rapid , MI is increasing at an average of 4.15% per year.
Median Household Income
In Rapid , MI, the median household income is $38125 per year. Overall, it is growing at an average of 4.56% per year. In the last two census, its median household income grew by $5944.
Us Income Distribution
According to OECD, the gini coefficient measures how the distribution of income among households within an economy deviates from a perfectly equal distribution of incomes. Simply, it measures the extent of income inequality in an economy. Inequality on the Gini scale is measured between 0, where everyone's equal, and 1, where all the country's income is earned by one person. Rapid , MI has a gini coefficient of 0.59 out of 1, while the 2015 national gini coefficient is 0.39.
Us Marital Status
Majority of the population are married, making up 23.05 per cent of the population. Having a predominantly married population is highy beneficial to Rapid , MI as married couples usually bring in larger incomes, higher net worth and gains on average. They also help boost the community's liveliness and labour force, as they are most likely to bear children and create the best economic conditions for them. Furthermore, this group also spends more compared to most of their counterparts and contributes a huge portion towards tax revenues.
Us Sex By Age
Overall, there is no significant difference between the numbers of men and women. people. The 10 to 14 years old age cohort exhibits the largest discrepancy with a difference of 72 people between the sexes. Furthermore, majority of the population is between the ages 25 to 29 years old, comprising 10.52 per cent of the population. Meanwhile, 67.48 per cent are part of its working-age population, or those between the ages 15 to 64 years old, while 16.69 per cent make up the younger population that will also be part of the labour force in two decades or less. At the present, 280 people are expected to retire in the coming years.
Labor Force
View the Labor Force tab for information such as Us Median Salary By Occupation and more. Data is populated from census, state and municipal sources, along with third-party projections.
Us Median Salary By Occupation
The highest paying occupations in Rapid , MI are those in Natural resources, construction, and maintenance occupations, where the median salary hovers around $40455.0. The U.S. Bureau of Census divides occupations into five broad categories: (1) Management, business, science, and arts occupations (2) Service occupations (3) Sales and office occupations (4) Natural resources, construction, and maintenance occupations (5) Production, transportation, and material moving occupations The highest paid occupations in management are those of Other healthcare practitioners and technical occupations where median salary is at $34583.0. In the services industry, those in Healthcare support occupations earn the most at $nan per annum as a median salary.The highest paying occupations in sales are that of Office and administrative support occupations, where the annual median salary is $26292.0. Natural resources occupations’ top salaries go to those in Farming, fishing, and forestry occupations where median salaries are around $nan. Meanwhile, occupations related to production have those working in Production occupations paid the most with a median salary of $32105.0 per year.
Real Estate
View the Real Estate tab for information such as Median Gross Rent, Heating Sources and more. Data is populated from census, state and municipal sources, along with third-party projections.
Housing Occupied
72.54%
Housing Vacant
27.46%
No. of Families
495
No. of Non-Families
213Median Gross Rent
Rapid , MI has an average rent of $638 per month. Overall, the average rent in Rapid , MI is dwindling at an average of -2.83% per year. In the last two census, its average rent grew by $30.
Heating Sources
Most people in Rapid , MI uses bottled, tank, or LP gas to heat up their homes. With 269 households using it, it is the leading heating source in Rapid , MI. Moreover, 31.64% of households say they use utility gas making it the second most popular choice. The third widely used heating source is electricity, with 102 households saying they use it as their primary heating source.
Transportation
View the Transportation tab for information such as Car Ownership, Us Time Leaving For Work and more. Data is populated from census, state and municipal sources, along with third-party projections.
Most Used
Transportation
Busiest Time
On Roads
Residents Who
Work Locally
Vehicle Drivers
N/ACar Ownership
Most households in Rapid , MI have four vehicles for transportation. 220 people responding in Rapid , MI feel that having four vehicles is sufficient. Moreover, 33.39% of households say they use three vehicles. Moreover, 154 households have two vehicles
Us Time Leaving For Work
Majority of commuters in Rapid , MI leave their homes from 7:30am to 8:00am, saying that it's enough time to get to work. The second most popular time to head to work, with 13.27% of respondents, is from 6:30am to 7:00am. However, 73 of commuters still prefer to leave from 6:00am to 6:30am.
Us Transportation Mode
Majority of commuters in Rapid , MI are driving alone in a private car, truck, or van to go to work. Moreover, 8.99% of respondents say that they prefer carpooling in a private car, truck, or van. The third most popular means of transportation is using other means of transportation with 11 commuters have preferring it. Meanwhile, there are 20 people who do not need to commute to get to work, as they work from home.
Education
View the Education tab for information such as Us Field Of Study and more. Data is populated from census, state and municipal sources, along with third-party projections.
Dominant Level
of Education
Most Popular
Field of Study
Most Popular
Educational Destination
Least Popular
Field of Study
Us Field Of Study
Most are in Education with 52 people practicing it in Rapid , MI. Literature & Languages is another popular field of expertise, as 25.41% of inhabitants are involved in it. The third group are those who are in Business, with 39 people responding that it is their line of work. STEM (Science, Technology, Engineering, and Math) is expected to be a growing industry, however, Pew Research Center confirms that there is still a huge need for labour in these industries. Rapid , MI has 44 people or 23.78% of workers in STEM industries.
Utilities
View the Utilities tab for information such as and more. Data is populated from census, state and municipal sources, along with third-party projections.