Michigan
Wage: $58,000 ($27.88/hr)
Home Price: $227,748
Rent: $1,291/mo
Overview
Overview of Michigan
Homes in Michigan are priced below the national average at $227,748, and a dollar goes slightly further than average ($107.70 value). Property crime rates in Michigan are moderate at 15.37 incidents per 1,000 people.
Curious what your salary would look like after taxes in Michigan? Try our free tax calculators.
Compared to the national average, Michigan the difference in median home prices is -34.52% – positive being higher than the national average, negative being lower. The difference in the value of $100 is 4.25% – positive meaning you can buy more with $100, negative meaning less.
Average rent disparity compared to the national average is -19.24% and property crime is -18.74%.
Counties
Wayne, Oakland, Macomb
Zip Codes
48220, 48188, 48331
Popular Metro Area
Detroit-Warren
Most Populated City
Detroit
Median Home Price
$227,748
Value of $100
$107.7
Average Monthly Rent
$1,291
Property Crime Per 1000
15.37
Cost of Living
Cost of Living in Michigan
The average monthly cost of living expenses in Michigan including: energy, internet, phone bills and miscellaneous expenses.
Total Utilities Cost Per Month
$413
Energy Bill
$117.57
Monthly Water Bill
$29
Monthly Internet
$30
Natural Gas (Utilities)
$74
Monthly Phone Bill
$114
Streaming Services
$48.50
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Crime
Crime in Michigan
Typical crime rates in Michigan including: Crime Rate Per 100k Residents, Violent Crime Per 100k Residents, and Non-Violent Crime Per 100k Residents.
Population
10,077,331
Crime Rate Per 100k Residents
3199.77
Violent Crime Per 100k Residents
478.01
Non-Violent Crime Per 100k Residents
2721.763
Jobs
Jobs in Michigan
Key job metrics including: Unemployment Rate, Average Wage, and Labor Force Participation.
Job Growth Rate (%)
0.91
Unemployment Rate (%)
3.73
Job Openings Level
261,000
Annual Average Wage
$58,000
Hourly Average Wage
$27.88
Labor Force Participation (%)
61.7
Taxes
Taxes in Michigan
Tax rates including: state, local, and combined sales tax rate.
State Sales Tax
6%
Average Local Sales Tax
0%
Combined Sales Tax Rate
6%
Our cost of living database is in beta. Found an error? Let us know →
References
We use original research, government sources, and trusted private organizations such as the U.S. Census Bureau, American Community Survey, Zillow, RentCafe, Tax Foundation, Forbes Advisor, Forbes Home, NCSL, U.S. Bureau of Labor Statistics, and the Federal Bureau of Investigation.