Michigan Household Income
According to the Census ACS 1-year survey, the median household income for Michigan was $56,697 in 2018, the latest figures available. Compared to the median US household income, Michigan median household income is $5,240 lower. 2019 Census ACS data (including 2019 Michigan household income numbers) will be released in September of 2020. Michigan median family income and per capita income for Michigan are shown further down.
Real Median Household Income in Michigan
| 2018 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | $61,937 | +0.21% | +4.77% |
| Michigan | $56,697 | +0.80% | +4.72% |
Michigan Real Median Household Income Trends since 2005
The current median household income for Michigan is $56,697. Real median household income peaked in 2005 at $59,342 and is now $2,645 (4.46%) lower. From a post peak low of $51,344 in 2012, real median household income for Michigan has now grown by $5,353 (10.43%).
Real Median Household Income: Michigan, National
Historical Real Median Household Income for Michigan
| Date | US | Michigan |
|---|---|---|
| 2018 | $61,937 | $56,697 |
| 2017 | $61,807 | $56,247 |
| 2016 | $60,291 | $54,928 |
| 2015 | $59,116 | $54,144 |
| 2014 | $56,969 | $52,924 |
| 2013 | $56,415 | $52,121 |
| 2012 | $56,288 | $51,344 |
| 2011 | $56,507 | $51,449 |
| 2010 | $57,762 | $52,414 |
| 2009 | $58,921 | $53,095 |
| 2008 | $60,829 | $56,809 |
| 2007 | $61,601 | $58,213 |
| 2006 | $60,490 | $58,906 |
| 2005 | $59,604 | $59,342 |
Michigan Family Income
The ACS 1-year survey shows that the median family income for Michigan was $72,036 in 2018. Compared to the median US family income, Michigan median family income is $4,365 lower. Like the median household income numbers, 2019 family income data will be released in September of 2020.
Real Median Family Income in Michigan
| 2018 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | $76,401 | +0.94% | +5.60% |
| Michigan | $72,036 | +0.94% | +6.37% |
Michigan Real Median Family Income Trends since 2005
The current median family income for Michigan is $72,036. Real median family income peaked in 2005 at $73,827 and is now $1,791 (2.43%) lower. From a post peak low of $64,750 in 2010, real median family income for Michigan has now grown by $7,286 (11.25%).
Real Median Family Income: Michigan, National
Historical Real Median Family Income for Michigan
| Date | US | Michigan |
|---|---|---|
| 2018 | $76,401 | $72,036 |
| 2017 | $75,692 | $71,362 |
| 2016 | $74,360 | $70,455 |
| 2015 | $72,348 | $67,720 |
| 2014 | $69,978 | $65,979 |
| 2013 | $69,134 | $65,696 |
| 2012 | $68,512 | $64,970 |
| 2011 | $68,763 | $64,973 |
| 2010 | $69,953 | $64,750 |
| 2009 | $71,663 | $66,500 |
| 2008 | $74,083 | $70,867 |
| 2007 | $74,267 | $72,379 |
| 2006 | $73,069 | $72,407 |
| 2005 | $71,965 | $73,827 |
Michigan Per Capita Income
The ACS survey shows the median per capita income for Michigan was $31,508 in 2018. Compared to the US per capita income, Michigan per capita income is $2,323 lower. Per capita income numbers for 2019 will be released in September of 2020.
Real Per Capita Income in Michigan
| 2018 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | $33,831 | +1.94% | +6.47% |
| Michigan | $31,508 | +0.89% | +6.68% |
Michigan Real Per Capita Income Trends since 2005
At $31,508, the per capita income for Michigan was at a new inflation adjusted high in 2018.
Real Per Capita Income: Michigan, National
Historical Real Per Capita Income for Michigan
| Date | US | Michigan |
|---|---|---|
| 2018 | $33,831 | $31,508 |
| 2017 | $33,187 | $31,231 |
| 2016 | $32,573 | $30,480 |
| 2015 | $31,775 | $29,534 |
| 2014 | $30,672 | $28,256 |
| 2013 | $30,431 | $27,984 |
| 2012 | $29,934 | $27,474 |
| 2011 | $29,884 | $27,312 |
| 2010 | $30,077 | $27,264 |
| 2009 | $30,984 | $27,838 |
| 2008 | $32,255 | $29,583 |
| 2007 | $32,400 | $30,128 |
| 2006 | $31,545 | $30,085 |
| 2005 | $32,269 | $31,423 |
