A median household income of $200,000 lands you in the top 1 percent in this city and $100,000 gets you into the top 5 percent, according to data from the 2013 American Community Survey.That’s right, what is middle class in other major cities* is the equivalent of the elite here in Detroit.
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What is a good salary in Detroit Michigan?
$28,819 is the 25th percentile. Salaries below this are outliers. $44,223 is the 75th percentile.
What is considered a high salary in Michigan?
$3,637 is the 25th percentile. Salaries below this are outliers. $5,438 is the 75th percentile. Salaries above this are outliers.
What are Top 10 Highest Paying Cities for Average Jobs in Michigan.
| City | Ann Arbor |
|---|---|
| Annual Salary | $63,942 |
| Monthly Pay | $5,328 |
| Weekly Pay | $1,230 |
| Hourly Wage | $30.74 |
How much do you need to make to live comfortably in Detroit?
Families with two adults and two children in the Detroit-Livonia-Warren metro need an annual income of $79,308 – or $6,609 per month – to live comfortably, according to the Economic Policy Institute.
Whats a good salary in Michigan?
Based on the U.S. median income of $59,039 in 2016, that means Michigan’s middle-class income for a single adult who lives alone is between $22,561 and $67,344, while the range is $45,120 to $134,689 for a household of four.
How much does the average person in Detroit make?
Table
| Population | ||
|---|---|---|
| Mean travel time to work (minutes), workers age 16 years+, 2015-2019 | 25.9 | 24.6 |
| Income & Poverty | ||
| Median household income (in 2019 dollars), 2015-2019 | $30,894 | $57,144 |
| Per capita income in past 12 months (in 2019 dollars), 2015-2019 | $18,621 | $31,713 |
How much do you need to make to live in Detroit?
Unfortunately, the median household income in Detroit is $26,095, creating a gap of $16,677. In comparison to some of the other cities listed, San Francisco residents needed $119,570 to live comfortably, while the median income there is $78,378.
What is the wealthiest zip code in Michigan?
48301
10 Richest Michigan Zip Codes
| Rank | Zip Code | Mean Income |
|---|---|---|
| 1 | 48301 | $215,754 |
| 2 | 48302 | $209,059 |
| 3 | 48009 | $201,821 |
| 4 | 48304 | $188,247 |
What is a good yearly salary?
The median necessary living wage across the entire US is $67,690. The state with the lowest annual living wage is Mississippi, with $58,321. The state with the highest living wage is Hawaii, with $136,437.
How much money do you need to live comfortably in Michigan?
Typical Expenses
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 0 Children | |
| Required annual income after taxes | $23,194 | $37,772 |
| Annual taxes | $5,160 | $8,404 |
| Required annual income before taxes | $28,354 | $46,176 |
What is middle class in Detroit?
Detroit Future City (DFC) defines a middle-class household as one having an income between 80% and 200% of the national median household income. This translates to household incomes between $46,100 and $115,300 per year.
Is it expensive to live in Detroit?
Detroit, Michigan’s cost of living is 3% lower than the national average. The cost of living in any area can vary based on factors such as your career, its average salary and the real estate market of that area.
What is the average income for a family of 4 in Michigan?
Michigan’s 2019 median income was $75,703 for family households in 2019. That’s up 5.1% from $72,036 in 2018. Families are defined as households where two or more residents are related. The median income for married couples was $90,008, up from $86,224 in 2018.
What jobs are in high demand in Michigan?
These 10 jobs are expected to grow most in Michigan by 2028
- Personal care aides.
- Registered nurses.
- Combined food preparation and serving workers, including fast food.
- Home health aides.
- Software developers, applications.
- Market research analysts and marketing specialists.
- Industrial engineers.
- Helpers – production workers.
What is considered low income in Michigan?
Using HUD’s income limits, a family of four in the Detroit metropolitan area is “low-income” if they earn $55,850 or less. They become “very low-income” at $34,900 or less and “extremely low-income” at $20,950 or less.
What is the racial make up of Detroit?
Detroit Demographics
Black or African American: 78.33% White: 14.70% Other race: 3.06% Two or more races: 1.84%
What percent of Detroit is black?
Table
| Population | ||
|---|---|---|
| Female persons, percent | 52.6% | 50.8% |
| Race and Hispanic Origin | ||
| White alone, percent | 14.7% | 76.3% |
| Black or African American alone, percent(a) | 78.3% | 13.4% |
What is Detroit known for?
Nicknamed ‘Motor City’, it’s best known as the birthplace of the modern automobile, with visitors flocking to the infamous Henry Ford Experience. However, Detroit is much more than just automobiles, thanks to a thriving art, music, sports, and nightlife scene.
Is Michigan cheap to live in?
The cost of living in Michigan is slightly lower than the national average, making it an affordable place to live.Certain cities are more expensive than others within the state of Michigan. Ann Arbor is one of the more expensive cities in the state, with the average monthly rent coming in at $1,175 per month.
What is the average family income in Michigan?
$75,703
Michigan Family Income
The ACS 1-year survey shows that the median family income for Michigan was $75,703 in 2019. Compared to the median US family income, Michigan median family income is $5,241 lower. Like the median household income numbers, 2020 family income data will be released in September of 2021.
How much is middle class income in Michigan?
Range of household incomes needed to be considered middle class, by family size
| State | Single | Couple |
|---|---|---|
| Maine | $25,676 – $77,028 | $36,311 – $108,934 |
| Maryland | $28,572 – $85,717 | $40,407 – $121,222 |
| Massachusetts | $28,129 – $84,386 | $39,780 – $119,340 |
| Michigan | $24,345 – $73,035 | $34,429 – $103,288 |
