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Michigan’s per capita income grew by 0.5 percent from 2016 to 2017, exceeding the “Top Ten” growth rate of 0.3 percent. Per capita income growth in Michigan lagged behind the peer state average of 0.7 percent.

What It Is: Personal income (2017 dollars) divided by population. Personal income includes salaries, wages, and bonuses from employment; dividends and interest from investments; rental income; pensions, etc.       

Why It Matters: Income is an indicator of prosperity and average standard of living in a state.


Per Capita Personal Income Trends

Per Capita Personal Income Standings

Regional Per Capita Personal Income

 

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Source: Bureau of Economic Analysis (Personal Income Table SA5), Bureau of Labor Statistics (CPI Inflation Calculator)