Salary & Cost of Living in Midland, MI
Midland, MI: $51,416 median salary, cost of living index 90.7, $10.33/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$51,416
$25/hr
Cost of Living
90.7
US avg = 100
Minimum Wage
$10.33
per hour
Unemployment
4.6%
rate
Midland, MI Overview
Population
41,922
Median Salary
$51,416
Average Salary
$57,586
Avg Commute
21 min
Median Home Price
$193,000
Median Rent
$793/mo
Job Growth
+1.9%
Sales Tax
6%
Midland is located in Michigan with a population of 41,922. The median household salary is $51,416 per year ($25/hour), which is $7,968 below the national median of $59,384. The average commute time is 21 minutes, and the city has a job growth rate of +1.9%.
Midland Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Midland, MI, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$40,626
$3,385.52/month · $1,562.55/biweekly · Effective Rate: 21.0%
Gross Pay
$51,416
Federal Tax
-$4,131
State Tax
-$2,185
Local Tax
-$540
FICA
-$3,933
Net Pay
$40,626
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $4,284.67 | $51,416.00 |
| Federal Income Tax | -$344.29 | -$4,131.42 |
| Michigan State Tax (4.25%) | -$182.10 | -$2,185.18 |
| Local Tax (1.05%) | -$44.99 | -$539.87 |
| Social Security (6.2%) | -$265.65 | -$3,187.79 |
| Medicare (1.45%) | -$62.13 | -$745.53 |
| Net Take-Home Pay | $3,385.52 | $40,626.21 |
Salary Comparison: Midland vs Other Cities
See how Midland's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Midland, MI | $51,416 | 90.7 | $56,688 |
| National Average | $59,384 | 100 | $59,384 |
| Hutchinson, KS | $51,412 | 87.3 | $58,891 |
| Bettendorf, IA | $51,411 | 82.9 | $62,016 |
| Copperas Cove, TX | $51,404 | 88.7 | $57,953 |
| Ocala, FL | $51,459 | 94.4 | $54,512 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Midland
Midland's cost of living index is 90.7 (national average = 100). Living in Midland is 9.299999999999997% less expensive than the national average.
Median Home Price
$193,000
Median Monthly Rent
$793
Annual Rent Cost
$9,516
Your Salary's Purchasing Power
Your $40,626 annual take-home pay in Midland has the purchasing power of approximately $44,792 in an average-cost US area. Your $51,416 salary stretches further here than in most US cities.
Top Industries in Midland
Midland's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $51,416.
Salary Tips for Midland Workers
- Research top industries. Midland's top industries include Automotive, Manufacturing, Agriculture. Targeting roles in these sectors can help you earn above the $51,416 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
Explore Salaries Across the US
Compare salary data and cost of living for hundreds of US cities. Find out where your paycheck goes the furthest.
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Frequently Asked Questions
What is the median salary in Midland, MI?
The median salary in Midland, MI is $51,416 per year, or $25 per hour. The average salary is $57,586. This is $7,968 below the national median of $59,384.
What is the cost of living in Midland, MI?
Midland's cost of living index is 90.7 (national average = 100), meaning it is 9.299999999999997% less expensive compared to the national average. The median home price is $193,000 and the median monthly rent is $793.
What are the best industries in Midland?
The top industries in Midland, MI include Automotive, Manufacturing, Agriculture. The city has a job growth rate of 1.9% and an unemployment rate of 4.6%. Workers in these industries often earn above the city's median salary of $51,416.
How does Midland's salary compare to other cities?
Midland's median salary of $51,416 is 13.4% below the national median of $59,384. However, when adjusted for cost of living (index: 90.7), the real purchasing power is approximately $56,688.
What is the minimum wage in Midland, MI?
The minimum wage in Midland, MI is $10.33 per hour. This equals approximately $21,486 per year for a full-time worker (40 hours/week). This is $3.08 above the federal minimum wage of $7.25/hour.