Bloomfield Hills is the wealthiest place in Michigan. Most households in the area earn over $170,000 a year — more than triple the median annual household income statewide of $55,000.
What is the wealthiest town in Michigan?
1. Bloomfield Hills – Gross Income: $170,000 | Median Home: $580,000. The small town of Bloomfield Hills, a northern suburb of Detroit, is the wealthiest city in the state of Michigan.
What is the wealthiest county in Michigan?
Michigan counties by per capita income
|Rank||County||Per capita income|
What is the poorest city in Michigan?
Hamtramck ranks the poorest of Michigan towns, study finds
What is the most expensive city in Michigan?
Detailed List Of The Most Expensive Cities In Michigan
How many billionaires are in Michigan?
Forbes’ annual list of the richest people on the planet features 20 people with ties to Michigan. The list includes 10 people currently living in Michigan, two fewer than last year after Amway co-founder Richard DeVos died in September and former Stryker Corp.
What is the most beautiful city in Michigan?
The 10 Most Beautiful Towns In Michigan
- Traverse City. Considered one of the best small towns in America, Traverse City offers an array of outdoor recreational activities, from biking and hiking to kayaking and paddle boarding. …
- Frankenmuth. …
How many millionaires live in Michigan?
In Michigan, there are 214,315 millionaire households, for a ratio to total households of 5.43 percent, according to the Phoenix Marketing International report that tracks high net-worth households. Our state moved up one place since 2017.
What is considered rich in Michigan?
To be in the top 1 percent in Michigan, it takes $306,740, according to the report. Compared to Memphis, Tennessee, where residents must earn at least $99,618 to be rich, that might seem steep.
What is middle class income in Michigan?
Range of household incomes needed to be considered middle class, by family size
|State||Single||Family of four|
|Maine||$25,676 – $77,028||$51,352 – $154,055|
|Maryland||$28,572 – $85,717||$57,144 – $171,433|
|Massachusetts||$28,129 – $84,386||$56,257 – $168,772|
|Michigan||$24,345 – $73,035||$48,690 – $146,071|
Is Michigan a poor state?
All data are from the United States Census Bureau.
States, federal district, and territories.
|2019 Poverty rate (percent of persons in poverty)||13.0%|
|2014 Poverty Rates (includes unrelated children)||27.6%|
|Supplemental Poverty Measure (2017–2019 average) (Geographically Adjusted)||9.7%|
Who is the richest man in Michigan?
Larry Page – $50.8 billion
secured a place on the top 10 billionaires in the world. His net worth makes him the richest person in Michigan.
How poor is Michigan?
Roughly 16 percent of Michigan residents – including one in four (23%) of its children and 17 percent of its senior citizens – live in poverty. … Poverty weakens families and increases health risks, driving up social and medical costs for everyone.
Do any celebrities live in Michigan?
Michigan is known for the upbringing of many famous stars.
Celebs You May Encounter in Michigan
- Terry Crews. …
- Kristen Bell. …
- Paul Feig. …
- Keegan Michael Key. …
- Dax Shepard. …
- Bruce Campbell. …
- David Spade. …
- Mary Lynn Rajskub.
Is it cheaper to live in Michigan?
Our cost of living indices are based on a US average of 100. An amount below 100 means Michigan is cheaper than the US average.
Michigan cost of living is 89.6.
|COST OF LIVING||Michigan||United States|
|Median Home Cost||$151,400||$231,200|
What is the cheapest city to live in in Michigan?
The Most Affordable Places To Live In Michigan