MI!INCOME=SAINC1(26) / RPP
Michigan: income, population and prices
Personal income is everything residents receive: wages, business and property income, and government benefits. Divided by population it gives income per person; regional price parities show how far a dollar goes in Michigan.
BEA SAINC1 · SARPP · SARPI
Income per person, 2025$67,245#39 of 51 · 87% of US
Price-adjusted, 2024 (2017 $)$53,569#41 of 51
Price level, 2024 (US = 100)96.2#28 of 51 · #1 = most expensive
Housing costs, 2024 (US = 100)82.3#29 of 51
MichiganUnited States
| Year | Personal income | Population | Per person | vs US | Real per person | Price level | |
|---|---|---|---|---|---|---|---|
| 2025 | $681.1B | 10,127,884 | $67,245 | 87% | — | — | |
| 2024 | $649.0B | 10,099,962 | $64,255 | 87% | $53,569 | 96.2 | |
| 2023 | $615.5B | 10,062,124 | $61,175 | 87% | $53,903 | 94.3 | |
| 2022 | $583.4B | 10,043,906 | $58,083 | 88% | $53,454 | 93.6 | |
| 2021 | $573.5B | 10,042,362 | $57,106 | 88% | $55,679 | 94.3 | |
| 2020 | $532.1B | 10,072,294 | $52,826 | 89% | $53,586 | 94.4 | |
| 2019 | $489.6B | 10,078,126 | $48,582 | 87% | $49,306 | 95.4 | |
| 2018 | $474.2B | 10,070,532 | $47,091 | 88% | $48,921 | 94.5 | |
| 2017 | $454.9B | 10,049,914 | $45,267 | 89% | $48,928 | 92.7 | |
| 2016 | $441.6B | 10,017,194 | $44,085 | 90% | $48,000 | 93.6 | |
| 2015 | $429.3B | 9,987,448 | $42,988 | 89% | $47,218 | 93.7 | |
| 2014 | $407.3B | 9,974,914 | $40,832 | 88% | $44,089 | 95.5 | |
| 2013 | $390.9B | 9,947,598 | $39,300 | 89% | $43,149 | 95.2 | |
| 2012 | $387.4B | 9,921,001 | $39,052 | 88% | $43,541 | 95.0 | |
| 2011 | $373.1B | 9,895,652 | $37,702 | 88% | $42,724 | 95.2 | |
| 2010 | $352.2B | 9,880,111 | $35,648 | 88% | $40,986 | 96.2 | |
| 2009 | $339.2B | 9,901,591 | $34,258 | 87% | $40,151 | 96.0 | |
| 2008 | $356.4B | 9,946,889 | $35,826 | 88% | $41,949 | 95.9 | |
| 2007 | $346.7B | 10,001,284 | $34,669 | 88% | — | — | |
| 2006 | $336.8B | 10,036,081 | $33,563 | 89% | — | — | |
| 2005 | $329.2B | 10,051,137 | $32,756 | 92% | — | — | |
| 2004 | $322.7B | 10,055,315 | $32,092 | 94% | — | — | |
| 2003 | $314.0B | 10,041,152 | $31,267 | 96% | — | — | |
| 2002 | $306.4B | 10,015,710 | $30,595 | 96% | — | — | |
| 2001 | $306.7B | 9,991,120 | $30,694 | 97% | — | — | |
| 2000 | $301.1B | 9,952,450 | $30,250 | 99% | — | — | |
| 1999 | $282.1B | 9,897,116 | $28,506 | 100% | — | — | |
| 1998 | $268.7B | 9,847,942 | $27,286 | 99% | — | — | |
| 1997 | $253.1B | 9,809,051 | $25,800 | 100% | — | — | |
| 1996 | $241.8B | 9,758,645 | $24,773 | 100% | — | — | |
| 1995 | $230.0B | 9,676,211 | $23,767 | 101% | — | — | |
| 1994 | $217.5B | 9,597,737 | $22,660 | 100% | — | — | |
| 1993 | $202.2B | 9,540,114 | $21,198 | 98% | — | — | |
| 1992 | $192.1B | 9,479,065 | $20,265 | 96% | — | — | |
| 1991 | $181.5B | 9,400,446 | $19,312 | 96% | — | — | |
| 1990 | $177.4B | 9,311,319 | $19,048 | 97% | — | — |
BEA: personal income and population (SAINC1), real personal income (SARPI, constant 2017 dollars), regional price parities (SARPP, US = 100).
What prices are made of, 2024
Regional price parities by component: 100 is the national average, 110 means 10% more expensive.
Goods96.0−4.0 vs US2008–2024
Housing (rents)82.3−17.7 vs US2008–2024
Utilities100.2+0.2 vs US2008–2024
Other services100.9+0.9 vs US2008–2024