STATE OVERVIEW
Michigan
§ 01 — Figures
93
TOTAL COUNTIES
564.4K
HISPANIC POPULATION
ITIN Loan
TOP SEARCH TERM
3
CITIES
§ 02 — Lanes
CHOOSE A LANE
What kind of financing?
§ 03 — Markets
TOP MARKETS
Top markets in Michigan
§ 04 — AT A GLANCE
Inside Michigan.
Population
10.0M
Median Household Income
$68,505
Cost of Living
90.6
US = 100
Median Home Value
$242,200
§ 05 — TAXES
What Michigan charges.
01
Income Tax
4.25% flat
02
Sales Tax
6.0% state · no local
03
Property Tax
1.38% effective
04
Capital Gains
Taxed as income
05
Retirement Income
Pensions partial exempt · Social Security exempt
Get compliance reminders for Michigan→
via ReadyDocs
§ 06 — BUSINESS
Who's working in Michigan.
Top Industries
01
Automotive Manufacturing
Detroit · Dearborn
02
Agriculture & Cherries
Traverse City · West Michigan
03
Furniture & Office Products
Grand Rapids
Business Tax Rate
6.0%
Corporate Income Tax
6.0%
Find contractors in Michigan→
via The Board
§ 07 — INVESTMENT MARKETS
The five zips worth watching.
#
Zip
City
Median Home Value
01
48009
Birmingham
$685,000
02
48304
Bloomfield Hills
$785,000
03
48025
Franklin
$685,000
04
49686
Traverse City
$585,000
05
48104
Ann Arbor
$585,000
Real estate market data for Michigan→
via DoorBase
§ 08 — HOW-TOS
Start with the basics.
One starter guide per lane, from the Finance Edition.
SOURCES
- Hero
- Census ACS 5-year 2023 · BEA/MERIC COLI 2024 · Zillow 2026-Q1
- Taxes
- Tax Foundation 2025
- Zips
- Pending DoorBase handoff · provisional Zillow 2026-Q1
- Updated
- 2026-04
IRIS AI