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Household stress question

Is Michigan financially stressful?

A direct, data-backed answer using income, poverty exposure, housing burden, safety-net reliance, and income trend indicators.

60

/ 100

Household financial stress

Short answer

It appears more financially stressful than many states.

Michigan (MI) has a score of 60, compared against other states. The score reflects income, poverty exposure, housing burden, SNAP participation, and income trend signals where available. Coverage: State-backed. This answer uses state-level household stress data for Michigan; city pages may use city, county, metro, or state-backed data depending on source coverage.

Source and freshness

Score versionV3
CoverageState-backed
Latest year2024

ACS 2024 5-year

View data freshness →

Top drivers in this score

  • Households receiving SNAP

    13.5%

    Risk pressure percentile: 74

  • Median household income

    $72,875

    Risk pressure percentile: 70

  • Income trend (YoY)

    +2.4%

    Risk pressure percentile: 68

How this compares

Relative risk score60.3
Median (states)50.0
Delta vs median+10.3

Approximate percentile: 60 of 100

Coverage and confidence

Scope usedState-backed
Metric coverage6/6
ConfidenceHigh confidence

Most core metrics are available at state level.

Metrics used

Median household income$72,875
Households under 200% poverty29.3%
Rent-burdened households (30%+)46.4%
Mortgage-burdened households (30%+)33.7%
Households receiving SNAP13.5%
Income trend (YoY)+2.4%

Why it matters

Household financial stress shows whether statewide conditions leave households with less room for unexpected costs. It is not a judgment about personal choices.

View full household stress detail

Common follow-ups

Is Michigan financially stressful?

Michigan (MI) has a score of 60, compared against other states. The score reflects income, poverty exposure, housing burden, SNAP participation, and income trend signals where available. Coverage: State-backed. This answer uses state-level household stress data for Michigan; city pages may use city, county, metro, or state-backed data depending on source coverage.

What household stress data is used for Michigan?

FinancialRiskIQ uses public indicators such as median household income, poverty under 200%, rent burden, mortgage burden, SNAP participation, and income trend. This state answer uses ACS 2024 5-year (2024).

Does this rank people or households?

No. It ranks aggregate location conditions, not residents or individual financial behavior.