Detroit Stats

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Category: Output & Income (page 2 of 2)

Michigan is the 12th Most Valuable State

A recent study estimates that the combined value of all land in the contiguous United States is worth nearly $23 trillion. The most valuable state, according to the survey, is California, which accounted for 17% of the total value of the 48 bordering states. New Jersey, however, had the most valuable real estate relative to […]

The Value of a Dollar is the 22nd Highest in Michigan

While a dollar bill looks and feels the same all over the United States, its value is often very different depending on where it is used. The prices of housing, food, and services, vary considerably across the country. To highlight these differences, which reflect the relative purchasing power of Americans, 24/7 Wall St. calculated the […]

Michigan Ranks 26th in Income Growth

The combined sum of all income received by all Americans was $12.2 trillion in 2010. It was the end of what many economists consider the worst decade for the American economy since the 1930s. During the Great Recession GDP growth slowed to a crawl, and unemployment climbed to levels not seen in decades. Starting in […]

Doctors Earn the 3rd Least in Michigan

Medical doctors consistently rank among the highest compensated professions in the country. In every state, an average primary care physician earns at least $166,000 more than the average salary across all occupations. However, how much doctors earn varies greatly depending on location and specialty. The average primary care physician’s annual salary ranges from roughly $205,000 […]

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