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Michigan Economic Facts

Michigan ranks 50 among the 50 states. In terms of unemployment Michigan ranks 51. The state of Michigan has unemployment rate at 7.7%. In the past 12 months the median family income in Michigan was $48,043. In 2006 the cost of living index for Michigan was 80.3 (100 = nationwide average).
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Michigan Cost of living (2006)
Cost of Living Indexes Michigan USA
Overall 80.26 100
Food 102.03 100
Housing 45.35 100
Utilities 89.1 100
Health 97.23 100
Miscellaneous 100.90 100
Transportation 104.35 100
Top Highest-Paid States (2006 Year)
Rank State The mean hourly wage The mean annual wage
1 District of Columbia $30 $61,500
... ... ... ...
13 Virginia $20 $41,450
14 Michigan $20 $41,230
15 Illinois $20 $40,910
... ... ... ...
54 Puerto Rico $11 $23,190
 
Jobs/Salaries in Michigan (2006 Year)
Rank State Jobs Hourly Annualy
1 DC Bindery workers 20 None
... ... ... ... ...
5 PA Bindery workers 15 None
6 MI Bindery workers 14 None
7 IN Bindery workers 14 None
... ... ... ... ...
52 PR Bindery workers 8 None
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Employed/Unemployed Stats (2000 Year)
Rank Location: Employed
(in thousands)
Unemployed
(in thousands)
Unemployed Rate
1 HI 157,070 3,802 2.4%
... ... ... ... ...
22 MN 32,440 1,345 4.5%
23 NM 27,140 1,204 4.6%
24 NV 72,992 3,189 4.6%
... ... ... ... ...
52 PR 16,163 1,872 12.0%


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