American Financial Services Association - Michigan
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American Financial Services Association

Michigan

Michigan

Michigan (MI)


Capital: Lansing

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State Code

Facts & Statistics

STATE STATISTICS
Population 2023 10,037,261
Population 2022
10,034,113
Population 2021 10,037,504
Population 2020
9,966,555
Population 2019 9,984,795
Population 2018
9,995,915
Population 2017 9,976,447
Population 2016 9,951,890
Below Poverty 2022 13.4
Below Poverty 2021 13.1
Below Poverty 2020 13.7
Below Poverty 2019 13
Below Poverty 2018 10.5
Below Poverty 2017 14.2
Below Poverty 2016 15
Employment – Population Ratio 2022
56.5
Employment – Population Ratio 2021 55.2
Employment – Population Ratio 2020 59
Employment – Population Ratio 2019 59.2
Employment – Population Ratio 2018
58.8
Employment – Population Ratio 2017 58.6
Employment – Population Ratio 2016 58.2
Unemployed 2022 4.9
Unemployed 2021 7
Unemployed 2020 7.5
Unemployed 2019 4
Unemployed 2018 4.1
Unemployed 2017 4.6
Unemployed 2016 5
Foreclosure Rate 2024  1 in 1,029
Foreclosure Rate 2021 1 in 773
Foreclosure Rate 2018 1 of 2,666
Median Household Income 2021 64,488
Median Individual Income 2022 56,343
High School Graduation Rate 2022 81.01
High School Graduation Rate 2021 80.47
High School Graduation Rate 2020 82.07
High School Graduation Rate 2019 81.41
High School Graduation Rate 2018 80.64
Median Mortgage Payment 2021 1,348
GDP 2023 547.77 Billion
GDP 2022 539.90 Billion
GDP 2021 531.50 Billion
GDP 2020 502.48 Billion
GDP 2019 517.85 Billion
GDP 2018 516.84 Billion
STATE FACTS
Michigan has more than 11,000 inland lakes and more than 36,000 miles of streams.
Michigan is the only state that touches four of the five Great Lakes.
The Detroit Zoo was the first zoo in America to feature cageless, open-exhibits that allowed animals more freedom to roam.

 

 

Government

ELECTED OFFICIALS
 Governor
Gretchen Whitmer (D)
 Lieutenant Governor  Garlin Gilchrist (D)
 Attorney General Dana Nessel (D)
 Secretary of State Jocelyn Benson ( D)
 State Senate Control R – 20; D – 18
 State House Control R – 56; D – 54

 

Legislative Process

LEGISLATIVE DATES AND DEADLINES
Convenes January 8, 2025
Sine Die Adjournment December 31, 2025
Committee Action Deadlines N/A
Crossover Deadline None
Carryover from Previous Session No
Governor’s Signing Deadline (in session) 14 days
Governor’s Signing Deadline (after adjournment) 14 days from presentment, or legislation is pocket vetoed
Veto Override 2/3 majority
Legislation Effective Date 90 days after adjournment

 

Notable Laws & Legislation

AFSA Comment Letters

AFSA Testimonies

Enforcement

No Recent AG Enforcement

Advocacy, Initiatives & Reports

Advocacy
Reports
  • No Reports

Trade Associations

There are currently no partner industry associations in Michigan

Political Geography


Map of Legislative Districts
(Click to Enlarge)

County Map
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