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Michigan's Transition to a Knowledge-Based Economy

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Fifth Annual Progress Report

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Page 1: Michigan's Transition to a Knowledge-Based Economy
Page 2: Michigan's Transition to a Knowledge-Based Economy
Page 3: Michigan's Transition to a Knowledge-Based Economy
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State Per Capita Income (2010)

Unemployment Rate (2011)

% with incomes less than 1.5

times the poverty rate (2010)

Bachelors degree or more (2010)

Minnesota $42,798 6.4% 19.5% 31.8%

Oklahoma $35,389 6.2% 28.3% 22.9%

Alabama $33,504 9.0% 30.4% 21.9%

Michigan $34,714 10.3% 26.3% 25.2%

United States $39,937 8.9% 25.0% 28.1%

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Personal Income

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Michigan 2010 $ Change from 01 % Change from 01

Private Sector Employment Earnings Per Capita $20,058 -$4,282 -17.6%

Government Employment Earnings Per Capita $4,128 $392 10.5%

Interest, Dividends and Rent Per Capita $5,094 -$808 -13.7%

Transfer Payments Per Capita $8,233 $2,996 56.3%

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Michigan National Rank Compared to U.S.

Per capita income 39 86.9%

Private sector employment earnings per capita 36 84.6%

Proportion of adults with a four year degree 34 89.7%

Employment rate 46 90.0%

Average wage 18 95.1%

Average wage in high education attainment industries 20 90.0%

Average wage in low education attainment industries 12 104.0%

Proportion of wages from high education attainment industries 29 90.8%

Households with income 1.5 times the poverty rate or less 32 105.1%

Households with income 4 times the poverty rate or more 29 91.3%

Government employment earnings per capita 46 77.7%

Interest, dividends and rent per capita 43 76.1%

Transfer payments per capita 8 111.0%

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StatePersonal

Income per capita

% Popula-tion over

16 with jobs

Personal income

per capita change

2001-10 (in 2010 $)

Per-cent of wages

from high ed

sector (2010)

Percent of popula-

tion with bachelors

degree or more

(2010)

% Low Income (2010)1

% High Income (2010)2

United States $39,937 58.47% 4.10% 58.38% 28.10% 24.99% 35.17%

Connecticut $54,239 62.19% -1.82% 63.75% 35.50% 16.39% 49.91%

Massachusetts $51,304 60.64% 2.29% 66.81% 39.00% 18.31% 48.65%

New Jersey $51,139 60.01% 1.73% 63.58% 35.40% 16.79% 50.16%

Maryland $49,023 62.81% 5.12% 63.57% 36.10% 15.92% 50.50%

New York $48,596 56.97% 8.01% 68.89% 32.60% 23.57% 39.89%

Wyoming $44,961 65.40% 17.98% 44.92% 24.10% 19.70% 37.79%

Virginia $44,267 64.47% 7.80% 63.27% 34.30% 18.88% 44.36%

Alaska $44,233 64.67% 12.35% 53.14% 27.90% 18.35% 42.96%

New Hampshire $43,698 65.74% -1.01% 58.93% 32.80% 14.95% 46.17%

North Dakota $42,890 69.31% 34.06% 46.34% 27.60% 20.99% 35.46%

Michigan $34,714 53.58% -3.97% 53.03% 25.20% 26.26% 32.11%

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Personal Income Per Capita

Non-Natural Resources Private

Earnings

Share of Personal Income

% of Population with a Bachelors Degree or more

United States $39,937 $23,149 57.96% 28.10%

Massachusetts $51,304 $34,082 66.43% 39.00%

Connecticut $54,239 $33,460 61.69% 35.50%

New York $48,596 $31,510 64.84% 32.60%

New Jersey $51,139 $29,036 56.78% 35.40%

Minnesota $42,798 $26,823 62.67% 31.80%

New Hampshire $43,698 $26,347 60.29% 32.80%

Illinois $42,040 $26,081 62.04% 30.70%

Delaware $40,097 $25,982 64.80% 27.80%

Colorado $42,295 $25,322 59.87% 36.40%

California $42,514 $24,882 58.53% 30.10%

Personal Income Per Capita

Non-Natural Resources Private

Earnings

Share of Per-sonal Income

% of Popula-tion with a

Bachelors De-gree or more

United States $39,937 $23,149 57.96% 28.10%

Alabama $33,504 $17,121 51.10% 21.90%

Oklahoma $35,389 $17,078 48.26% 22.90%

Kentucky $32,316 $17,021 52.67% 20.50%

South Carolina $32,462 $16,756 51.62% 24.60%

Montana $35,053 $16,689 47.61% 28.80%

Arkansas $32,805 $16,636 50.71% 19.50%

Idaho $31,897 $16,553 51.90% 24.40%

New Mexico $33,342 $15,130 45.38% 25.00%

West Virginia $32,042 $14,545 45.39% 17.50%

Mississippi $31,071 $14,358 46.21% 19.50%

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Area/Source 2010 2010 $ Rank 2010 Share 2001 Share Change from

2001-2010

Alabama $33,504 42 100.0% 100.0% $2,536

Private Nat. Res. Earn. $425 24 1.3% 2.0% -$190

Other Private Earn. $17,121 41 51.1% 56.6% -$419

Government Earn. $5,350 20 16.0% 14.3% $935

Dividends, Int. Rent $5,000 44 14.9% 17.1% -$288

Transfer Payments $7,948 13 23.7% 17.3% $2,591

Soc. Ins. Tax & Res Adj -$2,340 N.A. -7.0% -7.3% -$92

Indiana $33,981 41 100.0% 100.0% $236

Private Nat. Res. Earn. $380 28 1.1% 0.4% $235

Other Private Earn. $20,064 30 59.0% 64.5% -$1,686

Government Earn. $3,800 50 11.2% 10.1% $378

Dividends, Int. Rent $4,872 45 14.3% 17.0% -$869

Transfer Payments $7,104 34 20.9% 14.5% $2,216

Soc. Ins. Tax & Res Adj - $2,240 N.A. -6.6% -6.5% -$38

Minnesota $42,798 11 100.0% 100.0% $2,648

Private Nat. Res. Earn. $885 16 2.1% 0.3% $770

Other Private Earn. $26,823 5 62.7% 67.8% -$388

Government Earn. $4,668 38 10.9% 10.5% $438

Dividends, Int. Rent $7,217 15 16.9% 19.1% -$447

Transfer Payments $7,241 31 16.9% 12.3% $2,313

Soc. Ins. Tax & Res Adj -$4,036 N.A. -9.4% -10.0% -$38

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CSAs and nonCSA MSAs

Personal Income Per Capita 2010

% Change Per Capita Personal In-come 2001 to 2010 (10$)

% Wages High Education Industries 2010

% With Bach-elors Degree or More (2010)

% Low Income (2010)1

% High Income (2010)2

United States $39,937 4.10% 58.38% 28.10% 24.99% 35.17%

3.0 million or more $45,132 1.75% 62.74% 33.61% 22.53% 40.68%

1.0 million to 3.0 million $38,070 2.60% 55.61% 28.10% 24.42% 34.66%

500,000 to 1.0 million $35,460 5.12% 51.79% 25.43% 26.12% 31.98%

200,000 to 500,000 $35,589 9.36% 50.47% 24.56% 27.86% 30.71%

under 200,000 $33,855 10.05% 48.13% 22.51% 27.74% 28.69%

Non-metro counties $31,619 12.96% 47.29% 16.92% 29.90% 25.14%

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CSAs and nonCSA MSAs Number metros

Per Capita

Personal Income

2010

Private Earn

Gov Earn

Div Int Rent

Trans-fer Pay

Soc Ins Tax Res Adj

3.0 million or more 17 $45,132 64.5% 12.0% 16.6% 15.3% -8.4%

1.0 million to 3.0 million 37 $38,070 60.8% 13.5% 15.8% 19.0% -9.0%

500,000 to 1.0 million 46 $35,460 54.7% 14.5% 16.6% 21.1% -7.0%

200,000 to 500,000 91 $35,589 52.5% 16.4% 15.8% 21.5% -6.2%

under 200,000 120 $33,855 51.2% 18.1% 14.7% 23.2% -7.2%

Non-metro counties N.A. $31,619 45.1% 14.0% 15.5% 27.3% -1.9%

CSAs and nonCSA MSAs Number metros

Per Capita

Personal Income

2001

Private Earn

Gov Earn

Div Int Rent

Trans-fer Pay

Soc Ins Tax Res Adj

3.0 million or more 17 $44,306 70.6% 10.8% 17.2% 10.5% -9.0%

1.0 million to 3.0 million 37 $37,137 66.5% 12.5% 17.0% 13.4% -9.4%

500,000 to 1.0 million 46 $33,847 60.3% 13.1% 18.8% 15.2% -7.4%

200,000 to 500,000 91 $32,678 57.9% 15.0% 19.4% 15.8% -8.1%

under 200,000 120 $30,802 56.0% 16.9% 18.4% 17.5% -8.8%

Non-metro counties N.A. $27,993 48.4% 13.2% 19.3% 22.0% -2.9%

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StatePersonal Income Per Capita 2010

% Change Per Capita Per-sonal Income 2001 to 2010 (10$)

% Wages High Education In-dustries 2010

% With Bach-elors Degree or More (2010)

% Low Income (2010)1

% High Income (2010)2

United States $39,937 4.10% 58.38% 28.10% 24.99% 35.17%

San Jose-San Francisco-Oakland, CA (CSA) $56,061 0.41% 69.75% 41.40% 18.73% 49.11%

New York-Newark-Bridgeport, NY-NJ-CT-PA (CSA)

$54,173 2.98% 70.02% 35.90% 21.02% 45.40%

Washington-Baltimore-Northern Virginia, DC-MD-VA-WV (CSA)

$54,104 4.81% 70.19% 42.40% 14.70% 54.22%

Boston-Worcester-Man-chester, MA-RI-NH (CSA) $50,332 4.25% 66.56% 38.10% 17.60% 48.83%

Hartford-West Hartford-Willimantic, CT (CSA) $49,387 3.03% 63.11% 33.60% 17.19% 49.30%

Seattle-Tacoma-Olympia, WA (CSA) $47,417 5.04% 65.01% 35.40% 18.32% 45.21%

Philadelphia-Camden-Vineland, PA-NJ-DE-MD (CSA)

$46,192 5.94% 63.41% 32.00% 20.14% 43.95%

Denver-Aurora-Boulder, CO (CSA) $45,698 -0.69% 66.00% 39.00% 21.23% 42.57%

Minneapolis-St. Paul-St. Cloud, MN-WI (CSA) $45,668 3.13% 63.37% 36.60% 17.90% 44.97%

San Diego-Carlsbad-San Marcos, CA (MSA) $45,627 2.56% 62.91% 33.70% 24.43% 38.51%

Chicago-Naperville-Michigan City, IL-IN-WI (CSA)

$44,0433.69% 59.56% 33.50% 22.43% 39.81%

Houston-Baytown-Hunts-ville, TX (CSA) $43,710 2.36% 54.13% 28.30% 26.84% 35.05%

Pittsburgh-New Castle, PA (CSA) $42,307 7.72% 59.29% 28.80% 21.02% 36.56%

Detroit-Warren-Flint, MI (CSA) $37,398 -5.41% 57.27% 27.80% 25.79% 35.55%

Grand Rapids-Muskeg-on-Holland, MI (CSA) $32,441 -3.96% 44.03% 24.80% 25.21% 28.97%

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Area Name Per Capita Income, 2010

Metro Area % with a Bachelor's degree or

more, 2010

Central City % popula-tion with bachelor's

degree or more, 2010

United States $39,937 28.10% N.A.

San Jose-San Francisco-Oakland, CA (CSA) $56,061 41.40% 36.60%

New York-Newark-Bridgeport, NY-NJ-CT-PA (CSA) $54,173 35.90% 33.30%

Washington-Baltimore-Northern Virginia, DC-MD-VA-WV (CSA) $54,104 42.40% 50.10%

Boston-Worcester-Manchester, MA-RI-NH (CSA) $50,332 38.10% 44.30%

Hartford-West Hartford-Willimantic, CT (CSA) $49,387 33.60% 13.60%

Seattle-Tacoma-Olympia, WA (CSA) $47,417 35.40% 56.00%

Philadelphia-Camden-Vineland, PA-NJ-DE-MD (CSA) $46,192 32.00% 22.60%

Denver-Aurora-Boulder, CO (CSA) $45,698 39.00% 40.90%

Minneapolis-St. Paul-St. Cloud, MN-WI (CSA) $45,668 36.60% 44.60%

San Diego-Carlsbad-San Marcos, CA (MSA) $45,627 33.70% 40.40%

Chicago-Naperville-Michigan City, IL-IN-WI (CSA) $44,043 33.50% 33.40%

Pittsburgh-New Castle, PA (CSA) $42,307 28.80% 35.00%

Detroit-Warren-Flint, MI (CSA) $37,398 27.80% 11.90%

Grand Rapids-Muskegon-Holland, MI (CSA) $32,441 24.80% 29.00%

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Area

Rank in Per Capita Income,

2010

Rank in % change in per

capita income, 2001-10

Rank in % share wages high

education indus-tries, 2010

Rank in share of population over 25 with a bachelor's de-gree or more,

2010

Michigan (of 50) 39 49 29 34

Detroit-Warren-Flint, MI (CSA) (of 54) 38 54 34 35

Grand Rapids-Muskegon-Holland, MI (CSA) (of 54) 52 50 53 48

Area Per Capita Income, 2010

% change in per capita income,

2001-10

% share wages high education

industries, 2010

Share of popula-tion over 25

with a bachelor's degree or more,

2010

United States $39,937 4.10% 58.38% 28.10%

Lansing-East Lansing-Owosso, MI (CSA) $32,866 0.10% 61.50% 27.70%

Madison-Baraboo, WI (CSA) $43,522 5.70% 60.26% 41.00%

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Area/Source 2010 Per capita personal income

2010$ rank of 54 2010 share 2001 share

Change from 2001-2010

(10$)

Detroit CSA $37,398 38 100.00% 100.00% -$2,137

Private Earn. $23,071 34 61.69% 72.35% -$5,534

Government Earn. $4,215 38 11.27% 9.12% $609

Dividends, Int. Rent $6,085 32 16.27% 17.80% -$953

Transfer Payments $8,384 6 22.42% 13.04% $3,228

Soc. Ins. Tax & Res Adj -$4,357 N.A. -11.65% -12.32% $514

Grand Rapids CSA $32,441 52 100.00% 100.00% -$1,337

Private Earn. $20,937 44 64.54% 72.05% -$3,399

Government Earn. $2,897 54 8.93% 8.36% $74

Dividends, Int. Rent $5,166 45 15.92% 17.11% -$612

Transfer Payments $6,762 31 20.84% 12.94% $2,392

Soc. Ins. Tax & Res Adj -$3,320 N.A. -10.23% -10.45% $208

Minneapolis CSA $45,668 9 100.00% 100.00% $1,388

Private Earn. $31,496 7 68.97% 73.56% -$1,076

Government Earn. $4,804 25 10.52% 9.87% $435

Dividends, Int. Rent $7,087 13 15.52% 17.00% -$441

Transfer Payments $6,555 40 14.35% 9.48% $2,356

Soc. Ins. Tax & Res Adj -$4,274 N.A. -9.36% -9.91% $114

Pittsburgh CSA $42,307 13 100.00% 100.00% $3,033

Private Earn. $26,664 15 63.02% 66.09% $708

Government Earn. $3,594 51 8.49% 8.31% $329

Dividends, Int. Rent $6,278 27 14.84% 17.00% -$397

Transfer Payments $9,475 1 22.40% 17.51% $2,599

Soc. Ins. Tax & Res Adj -$3,704 N.A. -8.75% -8.91% -$206

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Area/Source Per capita per-sonal income 2010 2010 share 2001 share Change from 2001-

2010(10$)

Lansing CSA $32,866 100.00% 100.00% $34

Private Earn. $16,705 50.83% 57.22% -$2,082

Government Earn. $7,697 23.42% 21.42% $665

Dividends, Int. Rent $4,317 13.13% 15.54% -$785

Transfer Payments $7,119 21.66% 13.96% $2,536

Soc. Ins. Tax & Res Adj -$2,972 -9.04% -8.14% -$300

Madison CSA $43,522 100.00% 100.00% $2,346

Private Earn. $27,401 62.96% 64.56% $816

Government Earn. $8,281 19.03% 19.32% $324

Dividends, Int. Rent $7,523 17.28% 19.17% -$370

Transfer Payments $5,955 13.68% 9.76% $1,936

Soc. Ins. Tax & Res Adj -$5,638 -12.95% -12.82% -$360

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Metro Detroit 2010 earnings Change from 2001-10

Percent change from 2001-10

Private sector employment earnings per capita $23,071 -$5,534 -19.3%

Government employment earnings per capita $4,215 $609 16.9%

Interest, dividends and rent per capita $6,085 -$953 -15.3%

Transfer payments per capita $8,384 $3,228 62.6%

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Metro Detroit Rank (out of 54) Share of U.S.

Per capita income 38 93.6%

Private sector employment earnings per capita 34 97.3%

Proportion of adults with a four year degree 35 98.9%

Average wage 16 104.4%

Average wage in high education attainment industries 21 98.0%

Average wage in low education attainment industries 5 111.0%

Proportion of wages from high education attainment industries 34 98.1%

Households with income 1.5 times the poverty rate or less 40 103.2%

Households with income 4 times the poverty rate or more 28 101.1%

Government employment earnings per capita 38 79.4%

Interest, dividends and rent per capita 32 78.6%

Transfer payments per capita 6 113.1%

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Grand Rapids 2010 Change from 2001 Percentage change

Private sector employment earnings per capita $20,937 -$3,399 -14.0%

Government employment earnings per capita $2,897 $74 2.6%

Interest, dividends and rent per capita $5,166 -$612 -11.4%

Transfer payments per capita $6,762 $2,392 54.7%

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Grand Rapids Rank (out of 54) Share of U.S.

Per capita income 52 81.2%

Private sector employment earnings per capita 44 88.3%

Proportion of adults with a four year degree 48 88.3%

Average wage 49 85.2%

Average wage in high education attainment industries 50 79.2%

Average wage in low education attainment industries 27 99.8%

Proportion of wages from high education attainment industries 53 75.4%

Households with income 1.5 times the poverty rate or less 36 100.9%

Households with income 4 times the poverty rate or more 52 82.4%

Government employment earnings per capita 54 54.6%

Interest, dividends and rent per capita 45 71.2%

Transfer payments per capita 31 91.2%

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Lansing 2010 earnings Change from 2001-10

Percent change from 2001-10

Private sector employment earnings per capita $16,705 -$2,082 -11.1%

Government employment earnings per capita $7,697 $665 9.5%

Interest, dividends and rent per capita $4,317 -$785 -15.2%

Transfer payments per capita $7,119 $2,536 55.3%

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Lansing Share of U.S.

Per capita income 82.3%

Private sector employment earnings per capita 70.5%

Proportion of adults with a four year degree 98.6%

Average wage 91.9%

Average wage in high education attainment industries 85.4%

Average wage in low education attainment industries 94.9%

Proportion of wages from high education attainment industries 105.3%

Proportion of adults with a four year degree 98.6%

Households with income 1.5 times the poverty rate or less 97.5%

Households with income 4 times the poverty rate or more 93.8%

Per capita income 82.3%

Private sector employment earnings per capita 70.5%

Government employment earnings per capita 144.9%

Interest, dividends and rent per capita 64.5%

Transfer payments per capita 96.0%

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