#28
Michigan
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State Facts
Minimum Wage
$9.25
Average Renter Wage
$14.27
2-Bedroom Housing Wage
$16.85
Number of Renter Households
1,128,343
Percent Renters
29%
Affordable Rent for Low Income Households
Fair Market Rent
Working at
minimum wage
$9.25/hr
Each week you
have to work
57HOURS!
To afford a modest
1 bedroom
rental home at
Fair Market Rent
Compare Jurisdictions
| Number of Households | Michigan | Alcona County |
|---|---|---|
| Total | 3,860,394 | 4,973 |
| Renter | 1,128,343 | 576 |
| Percent Renters | 29% | 12% |
| Housing Wage | Michigan | Alcona County |
|---|---|---|
| Zero-Bedroom | $11.25 | $10.69 |
| One-Bedroom | $13.22 | $10.77 |
| Two-Bedroom | $16.85 | $13.40 |
| Three-Bedroom | $22.43 | $17.81 |
| Four-Bedroom | $24.73 | $18.87 |
| Fair Market Rent | Michigan | Alcona County |
|---|---|---|
| Zero-Bedroom | $585 | $556 |
| One-Bedroom | $687 | $560 |
| Two-Bedroom | $876 | $697 |
| Three-Bedroom | $1,166 | $926 |
| Four-Bedroom | $1,286 | $981 |
| Annual Income Needed to Afford | Michigan | Alcona County |
|---|---|---|
| Zero-Bedroom | $23,402 | $22,240 |
| One-Bedroom | $27,499 | $22,400 |
| Two-Bedroom | $35,057 | $27,880 |
| Three-Bedroom | $46,644 | $37,040 |
| Four-Bedroom | $51,431 | $39,240 |
| Minimum Wage | Michigan | Alcona County |
|---|---|---|
| Minimum Wage | $9.25 | $9.25 |
| Rent Affordable at Minimum Wage | $481 | $481 |
| Work Hours/Week at Minimum Wage | Michigan | Alcona County |
|---|---|---|
| Zero-Bedroom | 49 | 46 |
| One-Bedroom | 57 | 47 |
| Two-Bedroom | 73 | 58 |
| Three-Bedroom | 97 | 77 |
| Four-Bedroom | 107 | 82 |
| Renter Wage | Michigan | Alcona County |
|---|---|---|
| Estimated Mean Renter Wage | $14.27 | $10.80 |
| Rent Affordable at Mean Renter Wage | $742 | $562 |
| Work Hours/Week at Mean Renter Wage | Michigan | Alcona County |
|---|---|---|
| Zero-Bedroom | 32 | 40 |
| One-Bedroom | 37 | 40 |
| Two-Bedroom | 47 | 50 |
| Three-Bedroom | 63 | 66 |
| Four-Bedroom | 69 | 70 |
| Supplemental Security Income (SSI) Payment | Michigan | Alcona County |
|---|---|---|
| SSI Monthly Payment | $764 | $764 |
| Rent Affordable to SSI Recipient | $229 | $229 |
| Income Levels | Michigan | Alcona County |
|---|---|---|
| 30% of Area Median Income (AMI) | $20,398 | $15,030 |
| Estimated Renter Median Household Income | $30,246 | $26,384 |
| Rent Affordable at Different Income Levels | Michigan | Alcona County |
|---|---|---|
| 30% of Area Median Income (AMI) | $510 | $376 |
| Estimated Renter Median Household Income | $756 | $660 |
*50th percentile FMR area (See Appendix B of full book for more information).
†Renter wage data not available.
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