RentalRankedAnalyze a Deal

People Leaving Michigan

IRS tax return migration data (2021→2022) shows where Michiganresidents are going and who's moving in.

Net Migration

-8,556

households

Moved In

1,561,343

households

Moved Out

1,569,899

households

Avg Income (Inflow)

$81,432

per household

Moving INTO Michigan from:

1.Illinois
3,165avg $152,125
2.California
2,541avg $121,817
3.Ohio
2,311avg $62,941
4.Florida
1,683avg $77,209
5.Arizona
1,373avg $78,820
6.New York
1,219avg $95,942
7.Indiana
1,009avg $76,132
8.Wisconsin
630avg $57,807
9.Colorado
512avg $92,556
10.Nevada
391avg $48,976

Michigan residents moving TO:

1.Florida
3,674avg $154,311
2.California
3,578avg $105,150
3.Illinois
3,327avg $82,592
4.Ohio
2,604avg $64,870
5.Arizona
1,757avg $84,914
6.New York
1,351avg $107,724
7.Colorado
906avg $77,926
8.Indiana
886avg $64,515
9.Washington
851avg $94,206
10.Wisconsin
722avg $52,921

💡 Investment Signal: Michigan is losing population. This may indicate weakening demand, but can also mean lower property prices and higher cap rates for investors.