Detroit Personal Income
2027-2028 Michigan Economic Outlook
Updated August 31, 2026
Detroit Income Forecast
| State Output | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
| Current-dollar GDP | 335,683,900 | 348,039,200 | 359,690,400 | 373,815,600 | 386,460,800 | 400,011,200 |
| 9.1% | 3.7% | 3.3% | 3.9% | 3.4% | 3.5% | |
| Real GDP | 279,459,200 | 282,265,900 | 285,843,800 | 290,802,600 | 294,366,800 | 298,354,600 |
| 3.3% | 1.0% | 1.3% | 1.7% | 1.2% | 1.4% | |
| Detroit Income by place of residence ($000s) | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
| Personal income (thousands of dollars) | 289,217,600 | 303,152,800 | 314,967,000 | 320,197,500 | 328,995,400 | 338,828,600 |
| 6.2% | 4.8% | 3.9% | 1.7% | 2.7% | 3.0% | |
| Population (persons) | 4,369,590 | 4,400,578 | 4,405,495 | 4,409,297 | 4,412,333 | 4,414,846 |
| 0.3% | 0.7% | 0.1% | 0.1% | 0.1% | 0.1% | |
| Per capita personal income (dollars) | 66,189 | 68,889 | 71,494 | 72,619 | 74,563 | 76,748 |
| 5.9% | 4.1% | 3.8% | 1.6% | 2.7% | 2.9% | |
| Real Per-Capita Personal Income (Chained 2012 $) | 55,103 | 55,870 | 56,816 | 56,492 | 56,794 | 57,243 |
| 0.3% | 1.4% | 1.7% | -0.6% | 0.5% | 0.8% | |
| Relative Per-Capita Personal Income (Local/US) | 0.95 | 0.94 | 0.94 | 0.89 | 0.85 | 0.85 |
| Derivation of Personal Income | ||||||
| Earnings by place of work | 205,597,100 | 213,922,500 | 221,027,000 | 223,778,700 | 228,880,000 | 234,339,300 |
| 5.2% | 4.0% | 3.3% | 1.2% | 2.3% | 2.4% | |
| Less: Contributions for government social insurance | 24,336,890 | 25,648,660 | 26,327,840 | 27,018,360 | 27,886,860 | 28,839,520 |
| 4.8% | 5.4% | 2.6% | 2.6% | 3.2% | 3.4% | |
| Plus: Adjustment for residence | -4,502,929 | -4,265,854 | -4,354,939 | -4,545,237 | -4,689,177 | -4,867,415 |
| Equals: Net earnings by place of residence | 176,757,300 | 184,008,000 | 190,344,200 | 192,215,100 | 196,303,900 | 200,632,400 |
| 5.2% | 4.1% | 3.4% | 1.0% | 2.1% | 2.2% | |
| Plus: Dividends, interest, and rent | 56,389,450 | 59,082,420 | 60,541,500 | 62,382,320 | 65,062,810 | 68,085,890 |
| 13.4% | 4.8% | 2.5% | 3.0% | 4.3% | 4.6% | |
| Plus: Personal current transfer receipts | 56,070,930 | 60,062,390 | 64,081,370 | 65,600,070 | 67,628,690 | 70,110,330 |
| 2.6% | 7.1% | 6.7% | 2.4% | 3.1% | 3.7% | |
| Components of Earnings | ||||||
| Wages and salaries | 152,837,100 | 158,731,500 | 164,833,400 | 166,244,500 | 169,916,900 | 173,939,100 |
| 5.6% | 3.9% | 3.8% | 0.9% | 2.2% | 2.4% | |
| Supplements to wages and salaries | 31,648,430 | 33,316,250 | 33,812,490 | 34,638,290 | 35,463,920 | 36,255,100 |
| Proprietors' income | 21,111,600 | 21,874,750 | 22,381,060 | 22,895,920 | 23,499,170 | 24,145,110 |
| Farm proprietors' income | 76,320 | 23,764 | 23,764 | 23,764 | 23,764 | 23,764 |
| Nonfarm proprietors' income | 21,035,280 | 21,850,990 | 22,357,300 | 22,872,150 | 23,475,410 | 24,121,350 |
| Source: Center for Economic Analysis, Michigan State University | ||||||
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