What are the most expensive places to live in Michigan?
With a population of 72,255, West Bloomfield is considered the richest city in Michigan. The city was founded in 1822, and the name “West Bloomfield” comes from the city being located west of Bloomfield Hills. It is known for its affluence, beautiful homes, and excellent schools.
What is the richest area to live in Michigan?
With a population of 72,255, West Bloomfield is considered the richest city in Michigan. The city was founded in 1822, and the name “West Bloomfield” comes from the city being located west of Bloomfield Hills. It is known for its affluence, beautiful homes, and excellent schools.
What city in Michigan has the most expensive homes?
- Lake Angelus: Typical Home Value $1,578,285.
- Lakeside: Typical Home Value $911,959.
- Orchard Lake; Typical Home Value: $906,128.
- Harbert: Typical Home Value: $904,446.
- Franklin: Typical Home Value: $820,602.
- Grosse Pointe Shores: Typical Home Value: $766,799.
Is Michigan an expensive place to live?
The cost of living in Michigan is 8% lower than the national average, making it a more affordable place to live than many other states. Just make sure you set some money aside to buy a nice winter coat. (Seriously, the winter temperatures in Michigan are no joke!)
What city in Michigan has the highest median income?
| Rank | City | Median income - Households |
|---|---|---|
| 1 | Barton Hills | $250,000+ |
| 2 | Lake Angelus | $186,842 |
| 3 | Bloomfield Hills | $188,828 |
| 4 | Orchard Lake Village | $203,750 |
What is upper class in Michigan?
While ZipRecruiter is seeing salaries as high as $94,842 and as low as $17,563, the majority of Upper Class salaries currently range between $34,248 (25th percentile) to $59,715 (75th percentile) with top earners (90th percentile) making $75,522 annually in Michigan.
What is the poorest area in Michigan?
Poverty is more prevalent in some areas of the state. Hamtramck is the poorest, followed by Highland Park, East Lansing, Flint, and Muskegon Heights. Where there is poverty, there are often high crime rates, seen in each of the poorest Michigan towns that all rate C or below for overall safety.
What is the most expensive county in Michigan to live in?
Leelanau County
Leelanau County is the richest county in Michigan.
What cities have the most overpriced homes?
| Rank | City | Sale-to-List Ratio: July 2023 |
|---|---|---|
| 1 | Lubbock, TX | 107.7% |
| 2 | Sunnyvale, CA | 106.6% |
| 3 | Worcester, MA | 105.1% |
| 4 | Hayward, CA | 104.8% |
What salary do you need to live comfortably in Michigan?
According to a story by Purdue University and go banking rates you need to make $96,000 a year in Michigan to live comfortably. While the national income median falls more than $30,000 below that number. The median in Genesee County is even lower at about $50,000 annually.
What part of Michigan is good to live?
Ann Arbor -- With an overall score of 6.7/10, Ann Arbor is not only rated as the best place to live in Michigan, it came in at No. 14 in the U.S. Thanks to the diverse offerings in the city and a thriving job market, Ann Arbor has a little bit of something for everyone.
What is a good salary 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.
What are the 10 poorest counties in Michigan?
- Isabella County (mid-Michigan): 23.4%
- Lake County (northern Michigan): 22.3%
- Wayne County (southeast Michigan): 21.7%
- Luce County (northern Michigan): 20.7%
- Clare County (northern Michigan): 20.6%
How many billionaires live in Michigan?
| State/District | Number of Billionaires as of 2023 | Billionaires per One-Million People |
|---|---|---|
| Michigan | 11 | 1.0966309304554547 |
| Minnesota | 4 | 0.6989467047895498 |
| Mississippi | 2 | 0.682470872143177 |
| Missouri | 7 | 1.1315708094174495 |
What is the top 1 income 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.
Is 200k a year good in Michigan?
And to be in the top 5% of income earners in Michigan, households need to make at least $209,099 per year. The state's current median household income stands at $59,584 annually, the report says.
What salary is middle class in Michigan?
In Michigan, you are considered middle class if your household makes $42,544 to $126,996. The median household income is $63,498.
What salary is considered wealthy?
Based on that figure, an annual income of $500,000 or more would make you rich. The Economic Policy Institute uses a different baseline to determine who constitutes the top 1% and the top 5%. For 2021, you're in the top 1% if you earn $819,324 or more each year. The top 5% of income earners make $335,891 per year.
What is the richest small town in Michigan?
According to a list compiled by GoBankingRates, the richest small town in Michigan is Orchard Lake Village City. The median income of people living in this town is $203,750.
Is Michigan the poorest state in America?
In terms of poverty, Mississippi is the poorest state in America with a poverty rate of 18.1% in 2021, according to the U.S. Census Bureau – followed by Louisiana at second, and New Mexico at third. On the other hand, New Hampshire has only 5.6% of its population living below the poverty line.
What is the most crime ridden city in Michigan?
Muskegon Heights
The most dangerous city in Michigan is Muskegon Heights, which suffers from a very high rate of gun violence. The city has a population of 10,730 and a notoriously high crime rate.
What is the richest company in Michigan?
In 2021, the leading publicly traded company with headquarters in Michigan was Ford Motor Company. That year, Ford Motor Company topped the list with a revenue of about 127.14 billion U.S. dollars.
What is the biggest thing in Michigan?
Michigan is full of big, incredible things. For example, the Upper Peninsula boasts nearly a thousand miles of shoreline on Lake Superior, the World's Largest Freshwater Lake (by area).
What does Michigan have a lot of?
The state of Michigan is blessed with the riches of unspoiled nature: the nation's longest freshwater coastline, lakes that feel like oceans, golden beaches, an abundance of fresh produce straight from the farm, glorious sunrises and sunsets and endless opportunities for living, working and playing.
What are the richest and poorest counties in Michigan?
Livingston County has the highest median household income among the 83 counties, at $80,897. Also in the top five: Oakland County ($76,387), Washtenaw ($69,484), Clinton ($67,482) and Ottawa ($67,468). Lake County had the lowest median household income, $34,631.
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