Michigan has an average annual household income lower than the U.S. average. To read more statistics relating to the job market in Michigan, continue below.
Michigan households are bringing in $45,981 annually. One year ago that amount would have been 1.85% higher, and 3 years ago that number would have been 9.41% higher. Michigan has a cost of living of 87.6.
Michigan has an unemployment rate of 9.8%, with a current job growth decline of 2.02%. In the future the job growth rate is expected to be 26.16%. Residents pay 6% sales tax and 4.35% income tax.