The average Michiganian is taxed at a rate of 1.62% for property, a maximum of 4.25% for income and 6.00% for sales. Compared to the national averages Michigan earns a score of poor 👎 for property taxes, good 👍 for income taxes and good 👍 for combined local and state sales tax. Quick links to regions of Michigan with predicted increasing and decreasing valuations.
Review the Geographical, Political and Spiritual Attributes of Michigan
Michigan has approximately 9,933,445 residents. A common term for people in Michigan is "Michiganese". Within this population there are around 112,143 births and 93,495 deaths per year. Approximately 85.1% of this population speaks English exclusively. Conversely, 1.6% of this population has no verbal English skill. On average, real estate listings in Michigan are on the market for 69 days. The Market Health Index for Michigan is 6.27. Livingstong is the wealthiest of all counties in Michigan. The least wealthy of all counties in Michigan is Lake.
Daily state facts: Michigan has more waterfront property than any other of the 48 contiguous states. A city in Michigan is the self-proclaimed magic capital of the world.
According to the Bureau of Labor Statistics, Michigan employment in August 2020 was 4,916,316, unemployment was 428,470 or 8.7% of total jobs.