Michigan’s per capita income is now “the lowest we’ve ever been,” putting the state on track to become the third poorest in the nation by 2045.
Recent data from the U.S. Bureau of Economic Analysis pegs Michigan’s per capita income – total income divided by the number of adult residents – at $61,144 in 2023. The figure is dead last among Great Lakes states and 40th nationally, more than 12% below the national average of $69,815, Bridge Michigan reports.
Since Gov. Gretchen Whitmer was re-elected in 2022, per capita income has reached “the lowest we’ve ever been,” Lou Glazer, president of the think tank Michigan Future Inc., told the news site. He attributed the “enormous collapse” to a lack of high-wage jobs, a perspective shared by Citizens Research Council of Michigan Senior Research Associate Bob Schneider.
