With so many engineers, the Wolverine State features advanced brain power. But K-12 education is an issue.
Michigan Score and Ranking
| Category | 2021 Score | 2021 Rank | 2019 Rank | 2021 Grade |
|---|---|---|---|---|
| Cost of Doing Business | 240 | 16 | 27 | B+ |
| Infrastructure | 207 | 18 | 33 | B- |
| Life, Health & Inclusion | 189 | 28 | -- | C- |
| Workforce | 176 | 28 | 23 | C |
| Economy | 142 | 24 | 24 | B- |
| Business Friendliness | 105 | 25 | 22 | C+ |
| Access to Capital | 114 | 20 | 16 | B- |
| Technology & Innovation | 127 | 6 | 6 | A- |
| Education | 61 | 42 | 43 | D |
| Cost of Living | 60 | 11 | 5 | A- |
| Overall | 1421 | 11 | 24 |
Economic Profile
Governor: Gretchen Whitmer, Democrat
Population: 9,966,555
GDP growth (Q1 2021): 7.6%
Unemployment rate (May 2021): 5%
Top corporate tax rate: 6%
Top individual income tax rate: 4.25%
Gasoline tax: 41.98 cents/gallon
Bond rating (Moody's/S&P): Aa1, stable/AA, stable
Major private employers: Ford Motor Co., The Dow Chemical Company
Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence
This page has been updated to reflect that S&P upgraded Michigan's credit outlook to stable on July 7, 2021. The upgrade does not affect Michigan's Top States ranking or score.Â
