Michigan Per Capita Personal Income
Source: U.S. Bureau of Economic Analysis (FRED) · Updated Jan 2025
$66,556
5-Year Trend
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What this means
Per-capita personal income totals all wages, business income, dividends, interest, rents, and government transfer payments, divided by Michigan’s population. It reflects both how productive the state is and how that production is distributed.
What you can do
- Compare against the national per-capita figure (~$70K) — Michigan typically runs $4–7K below.
- Income growth below CPI inflation means residents are losing buying power even if the headline number rises.
- Use as a benchmark for salary negotiations or pricing decisions for a Michigan customer base.
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