Employment Costs
Unemployment Insurance
To protect workers who lose their jobs through no fault of their own, Michigan businesses pay unemployment insurance on the first $9,000 of wages paid to each worker in a calendar year. Established employers may pay as little as 0.06%.
The unemployment insurance rate is based on the experience rating of the business, which varies depending on how many employees draw unemployment insurance benefits. The new employer rate is 2.7%. Once a business is established in Michigan, businesses' experience ratings vary between 0.06% and 10.3%.
Workers’ Compensation Insurance
Michigan allows open competition among insurance carriers in setting rates. Thus, Michigan companies can shop for the best prices from among more than 300 insurance carriers, or choose self-insurance, group self-insurance, deductible plans or other available options. Actual costs will be determined by a combination of factors including the selected insurance carrier, occupation code, payroll, and others.
Wage and Salary by Metropolitan Statistical Area (MSA)
(Complete salary information by MSA and Occupation available in "Wages" download file)
| Metropolitan Statistical Area |
Hourly Mean |
Annual Mean |
Hourly 10th |
Hourly 25th |
| Grand Rapids-Wyoming |
15.89 |
33,050 |
8.50 |
10.84 |
| Holland-Grand Haven |
15.40 |
32,030 |
8.49 |
10.77 |
| Muskegon-Norton Shores |
14.53 |
30,220 |
8.23 |
9.78 |
Estimates are calculated with data collected from employers in all industry sectors
Source: Bureau of Labor Statistics - Occupational Employment Statistics. To learn more about all of our incentive and financing programs or to develop an incentive package tailored to your needs,
contact us or a member of The Right Place
business development team .