Question: What Is A Good Salary In Michigan?

What is the highest paid job in Michigan?

Detailed List Of Highest Paying Jobs In MichiganRankJob TitleAverage Salary1Airline Pilots, Copilots, And Flight Engineers$238,2702Anesthesiologists$234,9703Surgeons, Except Ophthalmologists$228,6604Chief Executives$219,87088 more rows•May 14, 2020.

Whats 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’s the most expensive place to live in Michigan?

Top ten most expensive cities in MichiganCityAverage Price#1Birmingham$1,099,968#2Bloomfield Hills$1,070,063#3Harbor Springs$636,628#4New Buffalo$583,3156 more rows

How many billionaires are there in Michigan?

TableRank by Number of Billionaires (9/15/20)State or Federal DistrictBillionaires/ State’s 10M pop. (7/19 Census) (9/15/20)11Nevada35.7117Michigan7.018Pennsylvania9.3714Colorado13.8949 more rows

What is the cheapest city to live in in Michigan?

Here’re 10 Best & Most Affordable Cities to live in Michigan for 2021.Lansing.Muskegon.Kalamazoo.Manistee.Battle Creek.Iron Mountain.Albion.Springfield.More items…•

Is $15 an hour a livable wage?

One recent study shows $15 an hour isn’t enough to secure affordable housing in most U.S. states. Nationally, someone would need to make $17.90 an hour to rent a one-bedroom apartment or $22.10 an hour to cover a two-bedroom home, according to analysis from the National Low Income Housing Coalition.

Is Michigan a cheap place to live?

2019 Cost of Living in Michigan Grand Rapids, Michigan is one of the most affordable cities in America, with a reputation as a place where people and businesses can get more for their money. The 2019 cost of living in Michigan is low compared to other US states.

What is a good hourly wage in Michigan?

Hourly pay at State of Michigan (MI) ranges from an average of $16.65 to $40.08 an hour. State of Michigan (MI) employees with the job title Financial Analyst make the most with an average hourly rate of $26.36, while employees with the title Financial Analyst make the least with an average hourly rate of $26.36.

What is a good salary for a single person in Michigan?

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.

How much money do you need to live comfortably in Michigan?

Families with two adults and two children in the Detroit-Livonia-Warren metro need an annual income of $79,308 – or $6,609 per month – to live comfortably, according to the Economic Policy Institute.

What is a livable wage in Michigan?

Living Wage Calculation for Michigan1 ADULT2 ADULTS (1 WORKING)0 Children1 ChildLiving Wage$11.35$22.32Poverty Wage$6.00$10.25Minimum Wage$9.45$9.45

How many millionaires live in Michigan?

214,315 millionaire householdsIn Michigan, there are 214,315 millionaire households, for a ratio to total households of 5.43 percent, according to the Phoenix Marketing International report that tracks high net-worth households. Our state moved up one place since 2017.