What is the richest county in Michigan?

1. Leelanau County. Leelanau County is the richest county in Michigan. The median income in Leelanau County is $72,709, with investment income being $56,192 and a wealth index of 27.59.

What is the richest town in Michigan?

Birmingham. With a per capita income of roughly $95,000, Property Club states that this Detroit suburb is the richest city in Michigan.

Is Oakland County Michigan wealthy?

Founded in 1819 and organized in 1820, Oakland County is composed of 62 cities, villages, and townships. In 2010, Oakland County was among the ten wealthiest counties in the United States to have over one million residents.

What city in Michigan has the highest per capita income?

What is the richest suburb 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.

The 10 Richest Counties in Michigan

What is the most livable city in Michigan?

Where do the richest people in Michigan live?

In geographic terms, the most instantly recognizable pattern is that the majority of Michigan's richest cities are located in the Detroit metro area.

What is the poorest zip code in Michigan?

What is upper class 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 many millionaires live in Oakland County Michigan?

Oakland County registered the most millionaires in both 2010 (1,678) and 2014 (2,479) and, when adjusting for population, also has the most millionaires per 10,000 residents at 20.

Do any billionaires live in Michigan?

Eight Michigan billionaires have made Forbes magazine's 2023 list of the 400 wealthiest Americans — and the usual suspects from the Great Lakes State are on it.

Is Michigan a rich state?

The average income of Michigan's roughly 10 million residents in 2022 was $57,038, compared to a national average of $65,470, according to recently released census data. That means for every $1 the average U.S. resident earns, a Michigander earns just 87.12 cents.

Is Michigan one of the richest states?

Michigan is currently ranked 16^th in the United States for its economic outlook.

Where is the most poverty in Michigan?

Wayne, Mecosta and Lake Counties have the highest poverty rate at more than 20%. The Director for the Northwest Michigan Coalition to End Homelessness, Ashley Halladay-Schmandt, said rural counties are seeing higher poverty rates due to the lack of resources.

What is the poorest community in Michigan?

According to five-year estimates from the U.S. Census Bureau's 2021 American Community Survey, Isabella County has the highest poverty rate of any county or county equivalent in Michigan. An estimated 23.8% of the local population live below the poverty line, compared to the 13.3% statewide poverty rate.

Is Michigan the poorest state in America?

Michigan is now the 13th state in the nation when it comes to poverty levels. Michigan has a 13.3 percent rate, bringing them from ranking as the 18th highest to the 13th highest in the country. Bridge Michigan states that rising inflation not being matched by wage hikes has put more pressure on people.

Who is the richest family in Michigan?

By Crain's Detroit Business

Rocket Companies Chairman Dan Gilbert was ranked as the nation's 34th-richest person with a net worth of $21.3 billion. Michigan accounted for eight people on Forbes' 2023 wealthiest Americans list, with Rocket Companies Chairman Dan Gilbert leading the pack by a healthy margin.

What income is considered rich 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 the fastest growing city in Michigan?

According to a list compiled by Smart Asset, the fastest-growing city in Michigan is Dearborn. Dearborn was named the 14th fastest-growing city in America with a population boom of 14.7% in the last five years.

Where is the best place to move to in Michigan?

U.S. News & World Report: Ann Arbor is the best place for living in the Mitten State. The site recently released its “Best Places to Live in Michigan” list for 2023-2024, with Ann Arbor firmly in first place.