State profile
Michigan FIPS 26
Population
10,062,512
Median household income
$63,202
Nonfarm employment
4,505,900
Business establishments
229,564
Every figure above traces to a primary source · view data sources & methodology
State Highlights
Largest employer sector
Health care and social assistance
645,129 employees
Business concentration
16.0%
of private employment in Health care and social assistance
Home prices, 1 year
+4.6%
FHFA
Federal outlays per capita
$9,889.72
USASpending.gov
Economy & Labor
Total nonfarm employment
BLS Current Employment Statistics, not seasonally adjusted · persons · 20 months available
· latest observation: August 2026
Employment ratio
45.2%
employed ÷ population
Unemployed population (ACS)
310,551
Vs. July
▲ 5,300
Business density
23.0 per 1,000
establishments per capita
Leading Industries
Leading industries by employment
Ranked by private-sector employment, same measure as the Business & Industry tab · see the full breakdown there
1
Health care and social assistance
645,129 employees
2
Manufacturing
604,978 employees
3
Retail trade
464,027 employees
4
Accommodation and food services
394,668 employees
5
Administrative and support and waste management and remediation services
361,181 employees
Leading Public Companies
Top 5 by latest reported revenue
SEC EDGAR / XBRL Company Facts · see the full listing on the Public Companies tab
FORD MOTOR CO · F
$187.27B
General Motors Co · GM
$185.02B
DOW INC. · DOW
$39.97B
$31.81B
STRYKER CORP · SYK
$25.12B
Population & People
Homeownership rate
72.2%
2.87M of 3.98M occupied homes are owner-occupied
Population by age
U.S. Census Bureau, ACS 5-year estimate (table B01001) · reconciles to total population
Housing & Real Estate
Median home value
$172,100
Median gross rent
$946 / month
Vacancy rate
12.9%
Total housing units
4.57M
Owner-occupied homes
2.87M
Renter-occupied homes
1.11M
Home prices, 1 year
+4.6%
Home prices, 5 years
+45.6%
Latest FHFA period
2026 Q2
ACS: 2021 ACS 5-year · FHFA: 2026 Q2
ACS housing estimates from the U.S. Census Bureau — median home value reflects owner-reported value, not a current sale price. House-price changes are from the FHFA All-Transactions House Price Index, a measure of price appreciation over time, not a home-value estimate.
Federal Spending
Total federal outlays
$98.52B
Outlays per capita
$9,889.72
Total prime award value
$114.03B
Source: USASpending.gov · specific reporting period not published in this dataset
Business establishments
229,564
Private-sector employment
4,041,074
Annual payroll
$247.29B
Avg. employees / establishment
17.6
derived: employment ÷ establishments
Census County Business Patterns · reference year 2023 State Ledger collected this data Sep 19, 2026, 12:10 UTC — not the measurement period.
Industry breakdown
Ranked by private-sector employment · NAICS 2-digit sectors as published (merged groups such as 31-33 kept intact)
62Health care and social assistance
645,129 employees
28,979 establishments ·
$37.55B payroll
31-33Manufacturing
604,978 employees
12,192 establishments ·
$41.74B payroll
Public companies headquartered here · 24
BORGWARNER INC (BWA)
· Champion Homes, Inc. (SKY)
· Cooper-Standard Holdings Inc. (CPS)
· Dauch Corp (DCH)
· DOW INC. (DOW)
· ENDRA Life Sciences Inc. (NDRA)
· FORD MOTOR CO (F)
· General Motors Co (GM)
· GENTEX CORP (GNTX)
· Gentherm Inc (THRM)
·+14 more
44-45Retail trade
464,027 employees
32,868 establishments ·
$16.68B payroll
72Accommodation and food services
394,668 employees
21,720 establishments ·
$9.29B payroll
56Administrative and support and waste management and remediation services
361,181 employees
13,736 establishments ·
$16.04B payroll
Public companies headquartered here · 1
KELLY SERVICES INC (KELYA)
54Professional, scientific, and technical services
322,128 employees
22,561 establishments ·
$31.61B payroll
Public companies headquartered here · 1
SHARING ECONOMY INTERNATIONAL INC. (SEII)
42Wholesale trade
184,396 employees
10,034 establishments ·
$15.51B payroll
Public companies headquartered here · 1
ALTA EQUIPMENT GROUP INC. (ALTG)
23Construction
181,952 employees
21,298 establishments ·
$14.73B payroll
52Finance and insurance
172,517 employees
12,501 establishments ·
$16.34B payroll
Public companies headquartered here · 17
AGREE REALTY CORP (ADC)
· Ally Financial Inc. (ALLY)
· CHOICEONE FINANCIAL SERVICES INC (COFS)
· CREDIT ACCEPTANCE CORP (CACC)
· Hagerty, Inc. (HGTY)
· INDEPENDENT BANK CORP /MI/ (IBCP)
· ISABELLA BANK CORP (ISBA)
· Jackson Financial Inc. (JXN)
· Lineage, Inc. (LINE)
· MERCANTILE BANK CORP (MBWM)
·+7 more
81Other services (except public administration)
163,706 employees
23,311 establishments ·
$6.57B payroll
48-49Transportation and warehousing
148,972 employees
8,049 establishments ·
$9.38B payroll
Public companies headquartered here · 2
DT Midstream, Inc. (DTM)
· UNIVERSAL LOGISTICS HOLDINGS, INC. (ULH)
55Management of companies and enterprises
122,995 employees
1,470 establishments ·
$13.67B payroll
61Educational services
70,515 employees
2,478 establishments ·
$2.71B payroll
51Information
59,414 employees
3,887 establishments ·
$5.78B payroll
Public companies headquartered here · 1
SAGA COMMUNICATIONS INC (SGA)
53Real estate and rental and leasing
56,616 employees
9,106 establishments ·
$3.43B payroll
71Arts, entertainment, and recreation
54,270 employees
3,763 establishments ·
$2.40B payroll
22Utilities
24,033 employees
440 establishments ·
$3.18B payroll
Public companies headquartered here · 3
CMS ENERGY CORP (CMS)
· CONSUMERS ENERGY CO (CMS-PB)
· DTE ENERGY CO (DTB)
11Agriculture, forestry, fishing and hunting
5,113 employees
651 establishments ·
$281.49M payroll
21Mining, quarrying, and oil and gas extraction
4,230 employees
319 establishments ·
$374.36M payroll
99Industries not classified
234 employees
201 establishments ·
$9.79M payroll
Public-company links use SEC-to-NAICS sector mappings and may not cover every company headquartered here.
Publicly traded companies in the State Ledger SEC dataset headquartered in Michigan.
The dataset is still expanding and is not yet a complete listing of every public company in the state.
Public companies listed
64
Companies showing market data
53
Eligible ticker coverage
63.9%
Latest session
Oct 9, 2026
Coverage is based on eligible SEC ticker symbols and may differ from the number of companies listed.
$12.17
-0.77%
Revenue$187.27B
Net income-$8.18B
Assets$289.16B
$82.75
+0.60%
Revenue$185.02B
Net income$2.70B
Assets$281.28B
DOW INC. DOW
$28.43
-0.63%
Revenue$39.97B
Net income-$2.62B
Assets$58.54B
$196.48
-0.82%
Revenue$31.81B
Net income$935.40M
Assets$17.60B
STRYKER CORP SYK
$277.22
+0.10%
Revenue$25.12B
Net income$3.25B
Assets$47.84B
LEAR CORP LEA
$118.18
-0.10%
Revenue$23.26B
Net income$436.80M
Assets$14.84B
$28.82
-1.23%
Revenue$15.52B
Net income$318.00M
Assets$16.00B
BORGWARNER INC BWA
$61.31
-0.68%
Revenue$14.32B
Net income$277.00M
Assets$13.77B
CMS ENERGY CORP CMS
$65.49
+0.20%
Revenue$8.54B
Net income$1.07B
Assets$39.94B
Ally Financial Inc. ALLY
$37.58
-0.61%
Revenue$7.91B
Net income$852.00M
Assets$196.00B
MASCO CORP /DE/ MAS
$68.75
-1.08%
Revenue$7.56B
Net income$810.00M
Assets$5.20B
$129.60
-2.63%
Revenue$6.68B
Net income$27.00M
Assets$352.59B
Dauch Corp DCH
$5.67
-0.26%
Revenue$5.84B
Net income-$19.70M
Assets$6.67B
Lineage, Inc. LINE
$34.44
+0.03%
Revenue$5.36B
Net income-$100.00M
Assets$19.19B
$309.43
+0.28%
Revenue$4.94B
Net income$601.70M
Assets$1.72B
KELLY SERVICES INC KELYA
$15.58
-3.77%
Revenue$4.25B
Net income-$254.10M
Assets$2.25B
MILLERKNOLL, INC. MLKN
$20.91
+0.70%
Revenue$3.84B
Net income$91.50M
Assets$4.00B
VISTEON CORP VC
$85.56
-0.48%
Revenue$3.77B
Net income$201.00M
Assets$3.39B
PHINIA INC. PHIN
$57.80
-1.08%
Revenue$3.48B
Net income$130.00M
Assets$3.82B
UWM Holdings Corp UWMC
$1.10
0.00%
Revenue$3.16B
Net income$27.38M
Assets$16.93B
$79.68
-2.34%
Revenue$2.66B
Net income$206.90M
Assets$2.13B
GENTEX CORP GNTX
$21.03
-0.57%
Revenue$2.53B
Net income$384.84M
Assets$2.93B
$547.39
+0.85%
Revenue$2.32B
Net income$423.90M
Assets$8.63B
$113.92
+1.90%
Revenue$2.31B
Net income$1.41B
Assets$12.52B
LA-Z-BOY INC LZB
$29.22
-1.12%
Revenue$2.13B
Net income$101.99M
Assets$2.04B
$19.43
+2.26%
Revenue$1.87B
Net income$95.80M
Assets$1.71B
$6.31
-0.47%
Revenue$1.84B
Net income-$80.30M
Assets$1.34B
$17.48
+0.46%
Revenue$1.56B
Net income-$99.87M
Assets$1.77B
Gentherm Inc THRM
$29.69
-0.77%
Revenue$1.50B
Net income—
Assets$1.40B
Hagerty, Inc. HGTY
$14.22
+0.32%
Revenue$1.46B
Net income$49.02M
Assets$2.09B
$124.08
+0.19%
Revenue$1.24B
Net income$441.00M
Assets$10.08B
$15.58
+2.10%
Revenue$1.02B
Net income-$35.70M
Assets$1.31B
NEOGEN CORP NEOG
$11.85
+1.11%
Revenue$870.40M
Net income-$7.90M
Assets$3.35B
STONERIDGE INC SRI
$6.37
-1.70%
Revenue$861.26M
Net income-$102.84M
Assets$551.19M
$65.95
+0.21%
Revenue$718.40M
Net income$204.35M
Assets$9.80B
TRIMAS CORP TRS
$38.16
-0.81%
Revenue$645.72M
Net income$120.14M
Assets$1.49B
$32.48
-1.64%
Revenue$227.62M
Net income$28.18M
Assets$4.41B
$13.54
+0.78%
Revenue$143.44M
Net income$6.63M
Assets$100.56M
$18.13
+1.51%
Revenue$47.32M
Net income-$40.36M
Assets$169.91M
$7.64
0.00%
Revenue$43.30M
Net income-$18.44M
Assets$239.28M
$35.40
-1.06%
Revenue$32.08M
Net income$68.54M
Assets$5.51B
Zomedica Corp. ZOMDF
Revenue$32.03M
Net income-$81.86M
Assets$127.04M
Workhorse Group Inc. WKHS
$2.95
+0.68%
Revenue$21.21M
Net income-$64.09M
Assets$117.89M
Revenue$7.75M
Net income-$14.51M
Assets$9.30M
Amesite Inc. AMST
$0.90
-6.25%
Revenue$364.8K
Net income-$3.10M
Assets$3.03M
Revenue$157.2K
Net income-$13.38M
Assets$1.64M
Revenue$0
Net income-$7.79M
Assets$13.31M
$10.11
0.00%
Revenue—
Net income—
Assets$173.58M
CONSUMERS ENERGY CO CMS-PB
Latest financials unavailable
$21.01
-3.14%
Revenue—
Net income-$4.17M
Assets$1.83B
DTE ENERGY CO DTB
$126.94
-0.14%
Revenue—
Net income$1.46B
Assets$54.07B
$5.66
-9.81%
Revenue—
Net income-$7.03M
Assets$3.85M
ISABELLA BANK CORP ISBA
$36.97
-3.25%
Revenue—
Net income$18.91M
Assets$2.21B
Revenue—
Net income-$3.62M
Assets$2.57M
MERCANTILE BANK CORP MBWM
$57.80
-0.74%
Revenue—
Net income$88.75M
Assets$6.84B
$15.86
+1.08%
Revenue—
Net income$83.41M
Assets$7.02B
$11.47
-2.51%
Revenue—
Net income-$68.00M
Assets$60.69B
$8.25
0.00%
Revenue—
Net income-$5.31M
Assets$57.15M
$8.38
0.00%
Revenue—
Net income-$7.90M
Assets$201.32M
Revenue—
Net income-$24.4K
Assets$18.32M
Latest financials unavailable
UFP INDUSTRIES INC UFPI
$74.15
-3.02%
Revenue—
Net income$294.79M
Assets$4.02B
Latest financials unavailable
Latest financials unavailable
No companies match that search.
Showing top 10 of 64 companies by latest annual revenue
Sources: SEC EDGAR submissions (company information) · SEC XBRL Company Facts (financials) State Ledger collected this data Sep 19, 2026, 15:11 UTC — fiscal year above reflects each company's own reporting period, not this collection time. Market data: Alpaca via IEX, latest completed session stored by State Ledger. See the Markets & Economy page for the full non-SIP coverage disclosure and national market activity.
Education Summary
High school graduate+
91.58%
population 25+
Bachelor’s degree+
30.62%
population 25+
Public K-12 enrollment
1,433,914
3,510 schools
Student/teacher ratio
16.7 : 1
K-12 public schools
Educational Attainment
Attainment among population 25 and older
U.S. Census Bureau, American Community Survey 5-Year Estimates · 2021 ACS 5-year · 6,923,132 people
K-12 Education
Public schools
3,510
Teachers (FTE)
85,880
Graduation rate
81.00%
class of 2022
Per-pupil spending
$13,351
2021
Average teacher salary
$65,198
2022
National Center for Education Statistics, Digest of Education Statistics · reference year 2023
Higher Education
College enrollment
466,458
Degree-granting institutions
86
Avg. published tuition, public 4-yr
$14,718
Public
46
Private nonprofit
38
Private for-profit
2
National Center for Education Statistics, Digest of Education Statistics · reference year 2023
Schools & Institutions
12th Street Elementary
Regular School
574 enrolled
54th Street Academy
Alternative School
78 enrolled
AA Rather School
Regular School
321 enrolled
Abbot School
Regular School
326 enrolled
Aberdeen Academy
Regular School
234 enrolled
AC Edgerton Elementary School
Regular School
419 enrolled
Academic and Career Education Academy
Alternative School
98 enrolled
Academy 21
Regular School
197 enrolled
Academy for Business and Technology Elementary
Regular School
237 enrolled
Academy for Business and Technology High School
Regular School
258 enrolled
Academy of Science Math and Technology Early College High Sc
Regular School
53 enrolled
Academy of the Americas at Logan
Regular School
449 enrolled
Academy of The Americas High School
Regular School
689 enrolled
Academy of Warren
Regular School
802 enrolled
Academy West Alternative Education
Alternative School
601 enrolled
ACCE
Alternative School
156 enrolled
Accelerated Learning Academy
Alternative School
163 enrolled
ACE
Alternative School
49 enrolled
ACES Academy
Alternative School
70 enrolled
Achieve Charter Academy
Regular School
779 enrolled
Showing 1–20 of 3,506
Source: National Center for Education Statistics (NCES) · Common Core of Data (K-12) / IPEDS (higher education) State Ledger collected this directory Sep 21, 2026, 19:14 UTC — reference year above reflects NCES's own collection period, not this collection time.