Michigan Economic Profile
Population, income, employment, GDP, and federal spending analysis for Michigan.
Population
10.1M
2025
Median Income
N/A
Fed Spending / Capita
$6K
Spending as % GDP
N/A
GDP
N/A
Poverty Rate
N/A
Bachelor's Degree %
N/A
Median Age
N/A
Federal Spending Over Time
$019
$020
$021
$022
$023
$199.13B24
$128.47B25
$61.29B26
Per-Capita Spending
$20K24
$13K25
$6K26
Population Trend
$10.1M19
$10.1M20
$10.0M21
$10.1M22
$10.1M23
$10.1M24
$10.1M25
Spending & Economic Context
| Year | Spending | Per Capita | % GDP | Real (2024$) | Unemployment |
|---|---|---|---|---|---|
| 2019 | $0 | — | — | — | — |
| 2020 | $0 | — | — | — | — |
| 2021 | $0 | — | — | — | — |
| 2022 | $0 | — | — | — | — |
| 2023 | $0 | — | — | — | — |
| 2024 | $199.13B | $20K | — | — | — |
| 2025 | $128.47B | $13K | — | — | — |
| 2026 | $61.29B | $6K | — | — | — |