By Seth Kinker, firstname.lastname@example.org
According to a recent study by Trove Technologies, Inc., the state of Michigan ranks number one in discretionary income in the United States.
Trove is a technology company that helps its customers pack, move and store personal and household items, they also maximize excess inventory of small, locally based moving companies.
Trove broke down the discretionary income study into three parts. States, US major cities, and US small cities.
In addition to being ranked the number one state in discretionary income, Michigan also has a city in the top five of the US major cities for discretionary income (Detroit) and five small cities in the top ten of cities with discretionary income(Jackson, Battle Creek, Ann Arbor, and Muskegon).
The study is the first of its kind to incorporate data that reflects regional differences in salaries, cost of living, and taxes to get the most accurate take home pay of American workers across more than 778 occupations. Trove Technologies used data from the Bureau of Labor Statistics, the Tax Foundation, and the Council for Community and Economic Research.
Trove differs from other studies because while other “cost-of-living” calculators highlight income differences, Troves’ study is one of few that takes taxes into the cost of living and identifies any big differences by occupation.
Michigan ranks highly among states for these professions: Education, Training, and Library (rank #2), Food Preparation and Serving Related (#2), Building and Grounds Cleaning and Maintenance (#3), Personal Care and Service (#3), Office and Administrative Support (#3), Installation, Maintenance, and Repair (#3).
“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, with housing expenses coming in at 32% lower than the national average and non-housing expenses 8% lower.”