Economy in Michigan
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| Unemployment Rate | 9.80% | 8.60% |
| Recent Job Growth | -2.02% | 0.35% |
| Future Job Growth | 26.16% | 32.10% |
| Sales Taxes | 6.00% | 5.00% |
| Income Taxes | 4.35% | 4.70% |
| Income per Cap. | $23,797 | $26,154 |
| Household Income | $46,932 | $50,935 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 12.80% | 12.37% |
| Income between 15K and 25K | 11.92% | 10.53% |
| Income between 25K and 35K | 12.01% | 10.88% |
| Income between 35K and 50K | 16.47% | 15.37% |
| Income between 50K and 75K | 21.12% | 20.14% |
| Income between 75K and 100K | 11.97% | 12.41% |
| Income between 100K and 150K | 9.25% | 11.27% |
| Income between 150K and 250K | 3.67% | 5.01% |
| Income between 250K and 500K | 0.71% | 1.86% |
| Income greater than 500K | 0.06% | 0.16% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 12.63% | 14.04% |
| Professional and Related Occupations | 20.10% | 20.61% |
| Service | 14.18% | 14.45% |
| Sales and Office | 25.55% | 26.75% |
| Farming, Fishing, and Forestry | 0.46% | 0.70% |
| Construction, Extraction, and Maintenance | 9.21% | 9.42% |
| Production, Transportation, and Material Moving | 17.87% | 14.05% |
The unemployment rate in Michigan, MI, is 9.80%, with job growth of -2.02%. Future job growth over the next ten years is predicted to be 26.16%.
Michigan, MI Taxes
Michigan, MI,sales tax rate is 6.00%. Income tax is 4.35%.
Michigan, MI Income and Salaries
The income per capita is $23,797, which includes all adults and children. The median household income is $46,932.
Michigan Economy SperlingViews
Slowly Growing Economy! And Some Other Stuff! :)): It may shock you, but before I've heard the highest unemployment rate of the nation was Michigan before, with 15.1 percent unemployment. That rate is now 13.2 percent,... (read more)Economy: The economy in the metro Detroit area is awful right now but I hope for the sake of the state, we can come back from... (read more)Michigan: Beautiful state, horrible economy. Welfare program encourages people from other states to move here for welfare, no incentive to work and jobs are very few and far... (read more)Have an opinion about Michigan? Leave a commentTo See All SperlingViews for Michigan Click Here
Michigan General SperlingViews
re: Depressing, dark, not much to do, flat, no big: It is extremely sad here, in michigan, the fact is, you DO actually miss out on half of your life with all of the months of early darkness here. Not only that, the... (read more)re: Depressing, dark, not much to do, flat, no big: It is extremely sad here, in michigan, the fact is, you DO actually miss out on half of your life with all of the months of early darkness here. Not only that, the... (read more)re: Depressing, dark, not much to do, flat, no big: Obviously, this person doesn't like Michigan, or probably anywhere. Bummer. There's plenty here for everyone--if one actually looks. And why is it that most people seem... (read more)Have an opinion about Michigan? Leave a commentTo See All SperlingViews for Michigan Click Here
