Best Places for Business and Careers 2019

Ann Arbor, MI

Ann Arbor, MI
the place image

Ann Arbor, MI

Ann Arbor, MI
gross metro product
$26B
population
371.0K
median household income
$73,639
median home price
$293,000
cost of living
2% above nat'l avg
college attainment
54.5%
net migration
30 (year: 2018)
unemployment
3.1%
major industries
Education, Bio-science, Health care
job growth
1.4% (year: 2018)
As of October 2019
Ann Arbor is home to the University of Michigan, which is the dominant institution of higher learning in the city, and shapes the economy significantly as it employs a majority of the residents for its staff and medical center. Many Ann Arbor cultural attractions and events are sponsored by the University of Michigan. Some of the largest pertain to the sporting events held at Michigan Stadium, the largest football stadium in the country. Several performing arts groups and facilities are located on the university's campus,
as are museums dedicated to art, archaeology and natural history and sciences.
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On forbes lists
#120
In Cost of Doing Business
#102
In Job Growth
#4
In Education
By The Numbers
EmploymentHousingEducationQuality of Life
Job Growth
1.4% (year: 2018)
Projected Annual Job Growth
0.4%
Unemployment
3.1%
Median Household Income
$73,639
Household Income Growth
4.4%
High-Tech Employment
4.1%
  • Data is for the metro area
  • Sources: Moody's Analytics; Sperling's BestPlaces; U.S. Census.
  • Numbers as of October 2019


  • a - Value of 100 means that a family with the median income has exactly enough income to qualify for a typical mortgage on a median-priced single-family home. An index above 100 signifies that the family has surplus income.
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