What is the average income of University of Michigan students?

How much money do University of Michigan graduates make and which majors earn the most upon graduating? Six years after enrolling, alumni who are working have average earnings of $56,200 per year. After ten years, graduates earn $74,400 on average.

What is the median income for University of Michigan students?

University of Michigan, Ann Arbor. The median family income of a student from Michigan is $154,000, and 66% come from the top 20 percent. About 1.5% of students at Michigan came from a poor family but became a rich adult.

What is the average salary for University of Michigan graduates?

Of those who graduated in 2022, 100% are working in their field of choice with 93% job satisfaction. The average starting salary was $86,000 after a short job search.

What is the pay scale for University of Michigan?

The average The University of Michigan salary ranges from approximately $35,553 per year for Research Assistant to $122,968 per year for Managing Director. Average The University of Michigan hourly pay ranges from approximately $11.09 per hour for Barista to $33.65 per hour for Adjunct Professor.

Who is the highest paid person at the University of Michigan?

Despite Ono and Harbaugh's national prominence, Michigan Medicine CEO Dr. Marschall Runge is actually the university's highest-paid employee for 2023 at $1.64 million.

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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.

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 $75000 a good salary out of college?

While people have different qualifications and different ideas of what constitutes a good salary, most would consider $75,000 per year to be good pay. Luckily, whether a person is just starting out in a new role or already has some experience, there are indeed many opportunities in this pay range.

Does University of Michigan pay well?

The average University of Michigan hourly pay ranges from approximately $15 per hour (estimate) for a Summer RA to $88 per hour (estimate) for a Medical Doctor. University of Michigan employees rate the overall compensation and benefits package 3.8/5 stars.

How valuable is a degree from University of Michigan?

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Having a degree from a reputable school also allows U-M graduates to earn $1,000,000+ more in a lifetime than high-achieving high school graduates.

What is the job rate at University of Michigan?

According to the university's data, over 95% of UM graduates are employed, pursuing further education, or engaged in other meaningful activities within six months of graduation.

Are Umich students wealthy?

Umich has #1 wealthiest student body in public universities.

What is the top 1% in Michigan?

Making $504,671 a year puts you among the top 1% of earners in Michigan, according to a recent SmartAsset analysis of IRS tax filer data. That's less than the national household figure of $652,657.

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 is $28 an hour annually?

If you make $28 an hour, your yearly salary would be $58,240.

What is the easiest job to make 100K a year?

How much income is considered upper class?

Middle class: Those in the 40th to 60th percentile of household income, ranging from $55,001 to $89,744. Upper middle class: Households in the 60th to 80th percentile, with incomes between $89,745 and $149,131. Upper class: The top 20% of earners, with household incomes of $149,132 or more.

What is a middle class salary in Michigan?

SmartAsset looked at income data from the Census Bureau to determine the middle class income thresholds for the 100 largest U.S. cities, along with each state's threshold. In Michigan, you are considered middle class if your household makes $42,544 to $126,996.

What is the middle class income in Michigan?

According to a report on FOX 2 via Smart Asset, to be considered middle class in Michigan, your household salary must be between $42,544 and $126,996. In 2022, the United States Census Bureau reported a family's poverty threshold was $35,801 annually or below.

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.

What is Michigan poverty level?

From rural Michigan to the state's most populous county, Wayne, poverty rates inched up in 2022: to 13.3 percent, from 13 percent inx 2021 and 12.6 percent in 2020, when the rate fell as pandemic aid poured into families' bank accounts.

How much is $26 an hour annually?

If you make $26 an hour, your yearly salary would be $54,080.

How much is 100k a year taxed 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%.