Michigan 

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Economy in Michigan

Michigan has an unemployment rate of 4.2%. The US average is 3.9%.

Michigan has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 32.5%, which is lower than the US average of 33.5%.

Tax Rates for Michigan
- The Sales Tax Rate for Michigan is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Michigan is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

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

  ECONOMYMichigan, MichiganUnited States
  5.1%3.7%
  0.7%1.6%
  32.5%33.5%
  6.0%6.2%
  4.3%4.6%
  $28,938$31,177
  $52,668$57,652
  $66,653$70,850
  POPULATION BY OCCUPATION
  1.1%1.3%
  0.2%0.6%
  4.8%6.2%
  17.8%10.4%
  2.4%2.7%
  11.4%11.6%
  3.4%4.1%
  0.8%0.9%
  1.6%2.1%
  3.9%4.7%
  1.5%1.9%
  5.4%6.7%
  0.1%0.1%
  3.9%4.3%
  8.9%9.3%
  14.9%13.8%
  1.9%2.2%
  7.6%7.4%
  4.7%4.9%
  3.6%4.8%
ECONOMY MAP
  • Unemployment Rate (US Avg: 5.2%)
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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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    COMPARE COST OF LIVING
    Compare Michigan to any other place in the USA.

    MAPS OF MICHIGAN
    Michigan
    ZIP CODES IN MICHIGAN
    48197, 48180, 48044, 48103, 48228, 48823, 48858, 48187, 48219, 48439, ... 987 more

    NEW LISTINGS IN MICHIGAN
    $195,000
    1761 19th Ln
    Bed 1 | Bath 1

    $132,900
    7736W Frankovich Rd
    Bed 3 | Bath 1

    $499,000
    259 Dons Dr
    Bed 5 | Bath 2

    $72,900
    128 Osceola Ledge
    Bed 3 | Bath 1

    $229,900
    9017 Hensley Dr
    Bed 3 | Bath 2

    $219,900
    60 Murphys Cir
    Bed 3 | Bath 3

    $105,000
    46498 Main St
    Bed 3 | Bath 2


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