Michigan
Maps & Population Facts
Housing Estimates
Michigan is the 10th most populated state and 22nd largest by land area. The majority of the population is located in the southern area of the state from Grand Rapids to Detroit.
Michigan ranks below average economically, but has a diversified economy employing over 630,000 individuals in manufacturing and 50,000 in computer or math related fields. The state also produces over a billion each year in both milk and corn and produces a wide assortment of other agricultural crops.
Income
Households in the state of Michigan earn less money than the national median income, averaging 9% less per household.
Housing
Michigan has a median house price of $155,700. The cost of owning a home in Michigan is less than most states. The cost of renting in Michigan is 17% less than the national average.
| Percent | Ranking | |
|---|---|---|
| Renter Occupied Households | 29% | 46th |
| New Construction (Built after 2000) | 12% | 45th |
Demographics
The median age in the state is 40. The age of the general population in Michigan is comparable with other US states.
Michigan ranks average for having an educated population. The percent of residents who have a college degree is comparable with other states.
Housing Data
| Michigan | USA | |
| Median Property Value | 155,700 | 217,600 |
| Median Mortgage Payment | 1,231 | 1,513 |
| Median Gross Rent | 835 | 1,012 |
| Property Vacancy | 14.5% | 12.6% |
| % Renters | 29% | 36% |
| Residents per Sq. Mi. | 177 | 93 |
| Michigan | USA | |
| Median Household Income | 54,909 | 60,336 |
| Median Individual Income | 31,713 | 33,646 |
| Median Income (Full-Time) | 46,709 | 46,881 |
| Median Age | 39.8 | 38.1 |
| Labor Participation | 61.8% | 62.8% |
| Attained College Degree | 29.1% | 32.0% |
Population Density Analysis
Demographics
Most Populated Cities
| 1. | Detroit | 679,865 |
| 2. | Grand Rapids | 195,355 |
| 3. | Warren | 135,147 |
| 4. | Sterling Heights | 131,996 |
| 5. | Ann Arbor | 119,303 |
Highest Household Income
| 1. | Bloomfield Hills | 186,563 |
| 2. | Lake Angelus | 166,250 |
| 3. | Traverse City | 161,591 |
| 4. | Village Of Grosse Pointe Shores | 161,190 |
| 5. | Orchard Lake Village | 157,750 |
Highest Home Value
| 1. | Lake Angelus | 1,071,400 |
| 2. | Bloomfield Hills | 840,300 |
| 3. | Glen Arbor | 683,300 |
| 4. | Pointe Aux Barques | 609,400 |
| 5. | Orchard Lake Village | 550,200 |
Highest Gross Rent
| 1. | Orchard Lake Village | 2,618 |
| 2. | Oakland Charter | 2,308 |
| 3. | Village Of Grosse Pointe Shores | 1,766 |
| 4. | Huntington Woods | 1,729 |
| 5. | Bloomfield Hills | 1,717 |