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Michigan #1 for Discretionary Income in United States

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New study reveals Michigan #1 for discretionary income in United States

Five Michigan cities rank in top 10 nationwide

 

San Francisco, CA -- September 21, 2017 -- Trove Technologies, Inc. has released the first annual Trove Discretionary Income Study showing that the state of Michigan ranks #1 among all states for discretionary income, while Detroit ranks #5 among major cities nationwide. Additionally, five small cities in Michigan - Jackson, Battle Creek, Lansing, Ann Arbor, and Muskegon - rank in the top 10 nationwide. The Trove Discretionary Income Study is the first of its kind to incorporate data that reflect regional differences in salaries, cost of living, and taxes to most accurately reveal the take home pay of American workers across 778 occupations. While there are many “cost-of-living” calculators that highlight general income differences across cities, there are no others that take into account the effect of taxes on the cost of living or identify the significant differences by occupation.

 

“Michigan ranks in the top echelon of states when it comes to enabling workers to keep more of what they earn,“ said Michael Pao, co-founder of Trove Technologies, Inc. “Our research finds that Michigan blows away the rest of the country in terms of affordability, making staying close to home an exceptional choice for new graduates that are deciding where to live and work after graduation.”

 

Some of the major findings for Michigan include the following:

 

States

US Major Cities

US Small Cities

  1. Michigan

  2. Texas

  3. Ohio

  4. Tennessee

  5. Indiana

  6. North Dakota

  7. Washington

  8. Minnesota

  9. Missouri

  10. Nevada

  1. Austin, TX

  2. San Antonio, TX

  3. Dallas, TX

  4. Nashville, TN

  5. Detroit, MI

  6. Kansas City, MO

  7. Columbus, OH

  8. Cincinnati, OH

  9. Cleveland, OH

  10. Seattle, WA

  1. Odessa, TX

  2. Jackson, MI

  3. Beaumont, TX

  4. Battle Creek, MI

  5. Lansing, MI

  6. Ann Arbor, MI

  7. Muskegon, MI

  8. McAllen, TX

  9. Sherman, TX

  10. Laredo, TX

 

Methodology

The data underlying this analysis is from the Bureau of Labor Statistics, The Tax Foundation, and The Council For Community and Economic Research. Using a proprietary algorithm, Trove developed the tool and map. The full methodology is outlined here.
 

What is Trove Technologies?

Trove is a technology company that helps customers pack, move and store personal and household items, as well as maximize excess inventory of small, locally based moving companies. Trove provides best-in-class service including packing, inventory, moving and storage, as well as a web-based catalog of a customer's items.