Economy in Michigan

Michigan has an unemployment rate of 4.9%. The US average is 5.2%.

Michigan has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 39.0%, which is higher than the US average of 38.0%.

Tax Rates for Michigan
- The Sales Tax Rate for Michigan is 6.0%. The US average is 6.0%.
- The Income Tax Rate for Michigan is 4.3%. The US average is 4.6%.

Income and Salaries for Michigan
- The average income of a Michigan resident is $26,143 a year. The US average is $28,555 a year.
- The Median household income of a Michigan resident is $49,087 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

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  ECONOMYMichigan, MichiganUnited States
  Unemployment Rate4.9%5.2%
  Recent Job Growth1.9%1.6%
  Future Job Growth39.0%38.0%
  Sales Taxes6.0%6.0%
  Income Taxes0.04250.046
  Income per Cap.$26,143$28,555
  Household Income$49,087$53,482
  Family Median Income$61,684$65,443
  POPULATION BY OCCUPATION
  Agriculture, forestry, fishing, hunting1.1%1.3%
  Mining, quarrying, oil and gas extraction0.2%0.6%
  Construction4.8%6.2%
  Manufacturing17.8%10.4%
  Wholesale trade2.4%2.7%
  Retail trade11.4%11.6%
  Transportation and warehousing3.4%4.1%
  Utilities00
  Information1.6%2.1%
  Finance and insurance3.9%4.7%
  Real estate, rental, leasing1.5%1.9%
  Professional, scientific, technical services5.4%6.7%
  Management of companies0.1%0.1%
  Administrative, support, waste mgt svcs3.9%4.3%
  Educational services8.9%9.3%
  Health care and social assistance14.9%13.8%
  Arts, entertainment, recreation1.9%2.2%
  Accommodation, food services7.6%7.4%
  Other services4.7%4.9%
  Public administration3.6%4.8%
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    Reviews for Michigan    106 Reviews
    small town - 4/9/2017
    Belleville MI is a small town, they have a couple good fast food places and a few small diners and such, but the cost of living is kind of ridiculous. i have a one... Read More

    Start Your Review of Michigan


    Not good - 3/8/2017
    Need to be able to see whole state and move... Read More

    Lived here my entire life...ready to move - 6/10/2016
    Ok, so I've lived in Suburbs of Michigan my entire life. Let me start with the good: -Lots of lakes big and small -Good employment opportunities in the larger... Read More


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