How much do you need to live comfortably in Michigan?

Michiganders would need a minimum income of $50,049 to live comfortably. That income will be harder to stretch if you live in downtown Detroit, where Apartments.com says the average rent is $1,047 a month.

What is a livable salary in Michigan?

The $10,33 wage remains below what is considered a livable wage in Michigan, according to MIT's Living Wage calculator, which estimates an adult without children needs to make at least $16.27 per hour to support themselves. That numbers goes up to $36.81 for an adult with one child.

Is 80k a good salary in Michigan?

Originally Answered: Is 80k a year good salary in Ann arbor? That would be pretty good. You won't feel like the richest person in town, but you'll be able to afford anything you want and save plenty.

How much is 100k salary after taxes in Michigan?

If you make $100,000 a year living in the region of Michigan, USA, you will be taxed $26,668. That means that your net pay will be $73,332 per year, or $6,111 per month. Your average tax rate is 26.7% and your marginal tax rate is 35.5%.

What is an upper class salary in Michigan?

The average upper-class salary in Michigan is $57,220 per year, although you should keep in mind that pay-range variance can be as much as $25,467. This breaks down to approximately $27.51 per hour, $1,100 per week, or $4,768 per month.

How much do you need to make to live comfortably in Michigan?

What is middle class income in Michigan?

In Michigan, you are considered middle class if your household makes $42,544 to $126,996. The median household income is $63,498.

Does it cost a lot to live in Michigan?

Michigan is one of the less expensive states to live in—its cost of living is 8% lower than the national average.

Is 120 000 a good salary in Michigan?

A couple or small family could live reasonably well on about $80,000 total, assuming they were okay with a smaller, modest home. At $130,000, they would be making significantly more money than others in the area. The cost of living in Michigan and especially outside the Greater Detroit area is pretty low.

Is $25 an hour good in Michigan?

LANSING, Mich. (WZMQ) – New reports are putting a living wage at $25/hour in the state of Michigan. The cost of living around the U.S. has been on the rise since 2020, since 2008, the Consumer Price Index has increased by around 80 points.

How much does a single person need to live in Michigan?

Michiganders would need a minimum income of $50,049 to live comfortably. That income will be harder to stretch if you live in downtown Detroit, where Apartments.com says the average rent is $1,047 a month.

Is it a good idea to live in Michigan?

Is Michigan a good place to live? All told, Michigan is a great place to live for those that love the outdoors, friendly locals, affordable housing and low cost of living. However, the brutal winters are not to be trifled with and can drive you up the wall.

Is 95k a good salary in Michigan?

A survey from Purdue University and GoBankingRates.com found that you need a minimum annual salary of $95,865 to be happy in Michigan, but that comes with a caveat of a higher than average unemployment rate.

How much is $75000 a year in Michigan?

If you make $75,000 a year living in the region of Michigan, USA, you will be taxed $18,193. That means that your net pay will be $56,807 per year, or $4,734 per month.

How much is 70k salary in Michigan?

If you make $70,000 a year living in the region of Michigan, USA, you will be taxed $16,498. That means that your net pay will be $53,502 per year, or $4,459 per month.

What part of Michigan is best to live in?

ANN ARBOR, Mich. –

The site recently released its “Best Places to Live in Michigan” list for 2023-2024, with Ann Arbor firmly in first place.

How expensive is a house in Michigan?

There are currently 23,678 homes for sale in Michigan. The median list price in Michigan is $249,900 and the average price per square foot is $157.

Where is lowest cost of living in us?

What is the richest town in Michigan?

Barton Hills, a village within Ann Arbor Charter Township, holds the coveted title of the richest city in Michigan. With a median household income surpassing $250,000 per year and an average household income of $421,909, it stands out as an affluent municipality in the state.

Is Michigan a high income state?

Two decades ago, Michigan's per capita income was $45,943 per year — about equal to the national average. In 2022, it was $57,038, 13% below the U.S. average of $65,470. Glazer predicted Idaho and Georgia will pass Michigan by next year, making it likely Michigan officially “become a bottom-10 state.”

What is considered low income in Michigan?

Regulated housing programs are designed to serve households based on certain income benchmarks relative to AMI. For a 2-person household: low-income household: income of 80% AMI ($50,240) or less. very low-income household: income of 50% AMI ($31,400) or less.

Is 180k middle class?

Earning as much as $180k would still put someone in the “Middle Class” in some parts of the state. Reform California breaks down the reasons why the state is so unaffordable and how to fix it.

What is the working class income in Michigan?

As of Feb 9, 2024, the average weekly pay for a Working Class in Michigan is $1,350 a week. While ZipRecruiter is seeing salaries as high as $1,793 and as low as $595, the majority of Working Class salaries currently range between $1,105 (25th percentile) to $1,475 (75th percentile) in Michigan.