The average salary in Ann Arbor is $70,915. A good hourly wage in Ann Arbor is $27.4 per hour. That works out to a good weekly wage of $1,096 per week and a good monthly wage of $4,750 per month. However, using the median income is only one way to calculate a good salary in Ann Arbor.
What is considered a good salary in Michigan?
While ZipRecruiter is seeing salaries as high as $136,635 and as low as $18,754, the majority of salaries within the Average jobs category currently range between $44,205 (25th percentile) to $66,977 (75th percentile) with top earners (90th percentile) making $89,303 annually in Michigan.
What is a good salary to live comfortably in Michigan?
A survey from Purdue University and GoBankingRates.com found that you need a minimum annual salary of $95,865 to be happy in Michigan, but that comes with a caveat of a higher than average unemployment rate.
What is the average yearly income in Michigan?
$59,234
Table
| Population | |
|---|---|
| Mean travel time to work (minutes), workers age 16 years+, 2016-2020 | 24.6 |
| Income & Poverty | |
| Median household income (in 2020 dollars), 2016-2020 | $59,234 |
| Per capita income in past 12 months (in 2020 dollars), 2016-2020 | $32,854 |
What’s considered middle class in Michigan?
How Much Income Do You Need in Michigan To Be Considered Middle Class
- 2-person family middle-class income range: $42,701 to $127,466.
- 3-person family middle-class income range: $51,221 to $152,898.
- 4-person family middle-class income range: $62,640 to $186,98.
What is middle class income 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.
Is cost of living high in Michigan?
Nationally, Michigan ranks fourth among states for the lowest cost of living, at about 10% below the national average, with communities like Detroit and Grand Rapids also ranking among the top regions internationally for housing affordability.
What is considered low income for a single person in Michigan?
They become “very low-income” at $34,900 or less and “extremely low-income” at $20,950 or less. In Ann Arbor, these numbers rise to $64,400, $42,100 and $25,250, respectively, taking into account differences in local median income.
How much money do you need to be happy in Michigan?
How did we rate? Michigan came in at 10th on the list, overall, ranked least to most expensive and ranked lowest in our region, with people needing to earn $94,290 a year to be “happy,” and between $53,880-$67,350 for “emotional well being.”
What is the highest paid job in Michigan?
Detailed List Of Highest Paying Jobs In Michigan
| Rank | Job Title | Average Salary |
|---|---|---|
| 1 | Consultant And Sales Representative | $221,460 |
| 2 | Pain Management Physician | $197,971 |
| 3 | President/chief Executive Officer | $192,342 |
| 4 | Executive Vice President Of Sales | $191,007 |
What is considered upper middle class?
A family earning between $32,048 and $53,413 was considered lower-middle class. For high earners, a three-person family needed an income between $106,827 and $373,894 to be considered upper-middle class, Rose says. Those who earn more than $373,894 are rich.
What is the richest zip code in Michigan?
49060
10 Richest Michigan Zip Codes
| Rank | Zip Code | Mean Income |
|---|---|---|
| 1 | 49060 | $327,215 |
| 2 | 48301 | $213,167 |
| 3 | 48302 | $209,294 |
| 4 | 48009 | $206,818 |
Is 100k a year middle class?
The bottom line is: $100,000 is on the middle-class spectrum, but barely: 75 percent of U.S. households make less than that. Others prefer to define middle class by the lifestyle you can afford.
What do upper middle class earn?
The fourth earns between Rs 500,000 and Rs 1 million a year and could be classified as the upper middle class and the richest group of households earn more than Rs 1 million in a year.
How much does upper class make a year?
In 2021, the median household income is roughly $68,000. An upper class income is usually considered at least 50% higher than the median household income. Therefore, an upper class income in America is $100,000 and higher.
What is the 1% in Michigan?
An annual income of $435,271 puts you in the top 1% of earners in Michigan. Bring in at least $435,271 in yearly income, and you’ll be among the top 1 percent of earners in Michigan, according to a 24/7 Wall St. analysis of the ultra wealthy in every state.
What percentage of America makes over 100k?
The individual annual income of 24% of Americans exceeded $100,000 in 2020. The annual income of 34% of American households exceeds $100,000. In the five years to 2022, American households earning over $100,000 a year increased by 4.1%.
What is the poorest town in Michigan?
Flint was ranked the poorest city in Michigan in a 24/7 Wall St. analysis examining U.S. municipalities where households earn less than the nation’s median annual household income of $65,712.
The Center Square.
| State | Michigan |
|---|---|
| Poorest City | Flint |
| Median Household Income | $28,834 |
| Poverty Rate | 38.8% |
| Median Home Value | $29,500 |
Is Ann Arbor cheap to live?
Ann Arbor’s housing expenses are 16% higher than the national average and the utility prices are 7% lower than the national average. Transportation expenses like bus fares and gas prices are 6% lower than the national average. Ann Arbor has grocery prices that are 9% higher than the national average.
Is Ann Arbor expensive?
Ann Arbor ranks sixth most expensive out of the 11 tech cities, and its housing affordability ratio is higher than the county-wide, state and national average.
Is Michigan cheaper than California?
Michigan is 20.0% cheaper than California.