Table of Contents
- 1 What is the average income in Michigan 2020?
- 2 What is considered a good salary in Michigan?
- 3 What is considered middle class income in Michigan?
- 4 What is high class income in Michigan?
- 5 What is considered low income Michigan?
- 6 What is the highest paid job in Michigan?
- 7 What is the richest town in Michigan?
- 8 How much does the average family make in Michigan?
- 9 What is the median age of Michigan?
- 10 What is considered good salary?
What is the average income in Michigan 2020?
63,829 U.S. dollars
In 2020, the median household income in Michigan amounted to 63,829 U.S. dollars. This is a slight decrease from the previous year, when the median household income amounted to 63,829 U.S. dollars.
What is considered a good salary in Michigan?
Average Salary in Michigan
| Annual Salary | Monthly Pay | |
|---|---|---|
| Top Earners | $79,369 | $6,614 |
| 75th Percentile | $65,259 | $5,438 |
| Average | $59,093 | $4,924 |
| 25th Percentile | $43,653 | $3,637 |
What is the average individual income in Michigan?
The state’s estimated median income for 2019 was $59,584, up 5.1% from $56,697 in 2018, while the overall poverty rate dropped from 14.1% in 2018 to 13% in 2019.
What is considered middle class income in Michigan?
Range of household incomes needed to be considered middle class, by family size
| State | Single | Couple |
|---|---|---|
| Maine | $25,676 – $77,028 | $36,311 – $108,934 |
| Maryland | $28,572 – $85,717 | $40,407 – $121,222 |
| Massachusetts | $28,129 – $84,386 | $39,780 – $119,340 |
| Michigan | $24,345 – $73,035 | $34,429 – $103,288 |
What is high class income in Michigan?
Median Household Income: $57,144. Average Household Income: $78,400. Per Capita Income: $31,713. 5.2% of Households in Michigan are High Income Households that make over $200,000 a year.
What is considered low income in Michigan?
Using HUD’s income limits, a family of four in the Detroit metropolitan area is “low-income” if they earn $55,850 or less. They become “very low-income” at $34,900 or less and “extremely low-income” at $20,950 or less.
What is considered low income Michigan?
What is the highest paid job in Michigan?
According to the report, here are the top ten highest-paying jobs in Michigan:
- Chief Executives.
- Surgeons, Except Ophthalmologists.
- Family Medicine Physicians.
- Dentists, General.
- Psychiatrists.
- Orthodontists.
- Nurse Anesthetists.
- Obstetricians and Gynecologists.
What is a good salary for a single person in Michigan?
And it offers insight into what it means that the state’s middle earners now struggle. Based on the U.S. median income of $59,039 in 2016, that means Michigan’s middle-class income for a single adult who lives alone is between $22,561 and $67,344, while the range is $45,120 to $134,689 for a household of four.
What is the richest town in Michigan?
Wealthiest City in Michigan: Bloomfield Hills
- Number of households: 1,325.
- Median household income: $178,894.
How much does the average family make in Michigan?
According to the Census ACS 1-year survey, the median household income for Michigan was $59,584 in 2019, the latest figures available. Compared to the median US household income, Michigan median household income is $6,128 lower.
Using HUD’s income limits, a family of four in the Detroit metropolitan area is “low-income” if they earn $55,850 or less. They become “very low-income” at $34,900 or less and “extremely low-income” at $20,950 or less.
What is the median income in Oakland County Michigan?
The median gross income for households in Oakland County is $67,465 a year, or $5,622 a month. The median rent for the county is $942 a month.
What is the median age of Michigan?
The median age of the population in Michigan is 39.5 years of age. The gender ratio is approximately 50.8% female and 49.2% male.
What is considered good salary?
A “good salary” would mean not living paycheck to paycheck, and being able to save up money for retirement, investment, vacation, etc. According to a basic take home pay estimator, a salary of $50,000 would give you $2784/mo.