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 "Michiganite". 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 the longest great lakes coastline of any state. This coastline amounts to over 3200 miles of freshwater, lakefront property.
According to the Bureau of Labor Statistics, Michigan employment in February 2023 was 4,842,425, unemployment was 207,066 or 4.3% of total jobs.