Michigan Economic Profile
Population, income, employment, GDP, and federal spending analysis for Michigan.
Population
N/A
2025
Median Income
N/A
Fed Spending / Capita
N/A
Spending as % GDP
N/A
GDP
$730.07B
Poverty Rate
N/A
Bachelor's Degree %
N/A
Median Age
N/A
Federal Spending Over Time
$3.69B24
$2.92B25
$1.78B26
Per-Capita Spending
$364.3524
Population Trend
$9.9M10
$9.9M11
$9.9M12
$9.9M13
$9.9M14
$9.9M15
$10.0M16
$10.0M17
$10.0M18
$10.0M19
$10.1M20
$10.0M21
$10.1M22
$10.1M23
$10.1M24
Spending & Economic Context
| Year | Spending | Per Capita | % GDP | Real (2024$) | Unemployment |
|---|---|---|---|---|---|
| 2024 | $3.69B | $364.35 | 0.5% | $3.69B | — |
| 2025 | $2.92B | — | 0.4% | — | — |
| 2026 | $1.78B | — | — | — | — |