Question: What Is The Richest Town In Michigan?

How many billionaires live 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..

Which is the best city to live in Michigan?

List of best Michigan cities to live in 2019Troy. Troy, a large Detroit suburb of over 83,000, is Michigan’s best city to live in. … Royal Oak. The regally named Royal Oak ranks #2 on the list. … Bloomfield Hills. Bloomfield Hills is a small city with an extremely wealthy populace boasting a median household income of over $170,000. … Rochester. … Farmington.

Is Michigan a poor state?

Map of poverty rate in the United States in 2014….States, federal district, and territories.Rank38StateMichigan2018 Poverty rate (percent of persons in poverty)14.1%2014 Poverty Rates (includes unrelated children)27.6%Supplemental Poverty Measure (2010–2014 average) (Geographically Adjusted)13.5%53 more columns

What is considered upper class in Michigan?

Pew defines the upper class as adults whose annual household income is more than double the national median, which was $57,617 in 2016.

What is considered high income in Michigan?

Average Household Income: $75,352. Per Capita Income: $30,336. 4.8% of Households in Michigan are High Income Households that make over $200,000 a year.

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.

Is Michigan a big state?

With a population of approximately 10 million, Michigan is the tenth most populous of the 50 U.S. states, the 11th most extensive by area, being slightly larger than the United Kingdom, and the largest by area east of the Mississippi River.

Is it cheaper to live in Michigan?

Grand Rapids, Michigan is one of the most affordable cities in America, with a reputation as a place where people and businesses can get more for their money. The 2019 cost of living in Michigan is low compared to other US states.

What is the richest county in Michigan?

Livingston CountyLivingston County — with a median household income of $80,897 — is Michigan’s wealthiest, according to estimated numbers for 2014-2018 just released by the U.S. Census Bureau.

What is the poorest city in Michigan?

Highland ParkAccording to the facts, Highland Park is the poorest place in Michigan for 2020….Here are the ten poorest places in Michigan for 2020:Flint (Photos)Detroit (Photos)Muskegon Heights (Photos)Hamtramck (Photos)Ecorse (Photos)Saginaw (Photos)Big Rapids (Photos)More items…

Is Michigan a good state to retire in?

Michigan The Great Lakes State can make for a decent retirement destination. It offers some of the lowest living costs in the country and maintains a low poverty rate among seniors at 8.1%, compared with 9.3% for the U.S. The tax situation, though, is not so great—and a bit complicated.

What is the poorest county in Michigan?

The following Michigan counties have the highest poverty rates: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%

What is the richest city in Michigan?

Bloomfield HillsBloomfield 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’s the most expensive place to live in Michigan?

East LansingWell, HomeSnacks crunched the numbers and discovered that East Lansing is the most expensive place to live in Michigan.

Is Michigan a good place to live?

Michigan is famous for being the bedrock of America’s auto industry, but the Great Lake State is as perfect a state as they come. … Even Popular Science magazine has given it a seal of approval by noting that Michigan will be the best place to live in America by the year 2100.