Salary Overview for Michigan
The median individual income in Michigan is $34,650 per year, while the mean (average) individual income is $45,520. The median household income is $66,986.
Cost of Living Adjusted Salary
Michigan's cost of living index is 90 (national average = 100). This means the median salary of $34,650 in Michigan has the purchasing power of approximately $38,500 at the national average cost of living. Your dollar goes further in Michigan than in most states.
Minimum Wage in Michigan
The current minimum wage in Michigan is $10.56/hour, which equals approximately $21,965 per year for a full-time worker (40 hours/week, 52 weeks). See our complete Michigan minimum wage guide for tipped wages, scheduled increases, and more.
Top Employers in Michigan
- University of Michigan
- Ford
- General Motors
Major Industries in Michigan
- Automotive
- Healthcare
- Manufacturing
Tax Rates in Michigan
See the full tax breakdown including income tax, sales tax, property tax, and more on our Michigan tax rates page.
Calculate Your Take-Home Pay
Use our Salary Calculator to convert between hourly, weekly, monthly, and annual pay, and estimate your take-home pay in Michigan after federal and state taxes.