Saginaw is a city in Michigan state in USA with a population of 48407 residents.. The poverty rate of Saginaw is 34.6%, which is 147% higher than national average. The typical household in Saginaw earns $30845 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 3 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 6 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 71.5% of households earn less than $50,000 a year compared to 39% national rate. With a lack of available jobs, many in Saginaw are struggling financially. Nearly one in every 1 in every 9 workers in Saginaw is unemployed. The high jobless rate has likely contributed to the widespread poverty in the city.

A high school education is a basic prerequisite for most jobs, and in Saginaw, only 82% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Saginaw remained 11.1%, which is 136% higher than national rate. Nearly 2 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Saginaw, only 13% of adults have a bachelor's degree and 34% have some college but no degree.

Cost of living in Saginaw is 85, which is 15% lower than national average. Median home value in Saginaw is $41500 , which is 82% lower than national average. While median income in Saginaw remained $30845, which is 54% lower than national average.