Lansing-East Lansing Personal Income Data
2026-2027 Michigan Economic Outlook
Updated October 29, 2025
Lansing Income Forecast
| State Output | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
| Current-dollar GDP ($000s) | 32,908,500 | 35,439,860 | 36,827,510 | 38,132,210 | 39,443,280 | 40,802,380 |
| 10.1% | 7.7% | 3.9% | 3.5% | 3.4% | 3.4% | |
| Real GDP (2017 $000s) | 28,685,210 | 29,273,550 | 29,461,040 | 29,687,150 | 29,874,150 | 30,050,400 |
| 4.4% | 2.1% | 0.6% | 0.8% | 0.6% | 0.6% | |
| Lansing Income by place of residence ($000) | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
| Personal income (thousands of dollars) | 24,357,900 | 25,688,340 | 27,051,760 | 28,115,090 | 29,081,350 | 30,117,630 |
| 1.2% | 5.5% | 5.3% | 3.9% | 3.4% | 3.6% | |
| Population (persons) | 471,983 | 473,177 | 474,088 | 475,062 | 476,079 | 477,123 |
| 2.7% | 0.3% | 0.2% | 0.2% | 0.2% | 0.2% | |
| Per capita personal income (dollars) | 51,608 | 54,289 | 57,061 | 59,182 | 61,085 | 63,123 |
| -1.5% | 5.2% | 5.1% | 3.7% | 3.2% | 3.3% | |
| Real Per-Capita Personal Income (Chained 2012 $) | 44,985 | 44,843 | 45,647 | 46,075 | 46,266 | 46,490 |
| -6.6% | -0.3% | 1.8% | 0.9% | 0.4% | 0.5% | |
| Relative Per-Capita Personal Income (Local/US) | 0.78 | 0.78 | 0.78 | 0.74 | 0.71 | 0.70 |
| Derivation of Personal Income | ||||||
| Earnings by place of work | 18,122,010 | 19,122,870 | 19,849,120 | 20,428,320 | 21,000,880 | 21,589,430 |
| 8.0% | 5.5% | 3.8% | 2.9% | 2.8% | 2.8% | |
| Less: Contributions for government social insurance | 2,153,701 | 2,283,175 | 2,367,532 | 2,458,275 | 2,547,768 | 2,640,859 |
| 11.2% | 6.0% | 3.7% | 3.8% | 3.6% | 3.7% | |
| Plus: Adjustment for residence | -1,047,671 | -1,122,603 | -1,172,461 | -1,224,540 | -1,278,931 | -1,335,738 |
| Equals: Net earnings by place of residence | 14,920,630 | 15,717,090 | 16,309,120 | 16,745,510 | 17,174,180 | 17,612,830 |
| 7.3% | 5.3% | 3.8% | 2.7% | 2.6% | 2.6% | |
| Plus: Dividends, interest, and rent | 4,020,820 | 4,465,177 | 4,621,045 | 4,743,973 | 4,928,061 | 5,127,746 |
| 4.9% | 11.1% | 3.5% | 2.7% | 3.9% | 4.1% | |
| Plus: Personal current transfer receipts | 5,416,447 | 5,506,073 | 6,121,588 | 6,625,604 | 6,979,113 | 7,377,052 |
| -14.4% | 1.7% | 11.2% | 8.2% | 5.3% | 5.7% | |
| Components of Earnings | ||||||
| Wages and salaries | 13,379,940 | 14,070,540 | 14,672,330 | 15,132,280 | 15,569,010 | 16,014,330 |
| 9.3% | 5.2% | 4.3% | 3.1% | 2.9% | 2.9% | |
| Supplements to wages and salaries | 3,143,560 | 3,383,449 | 3,446,594 | 3,500,967 | 3,571,155 | 3,646,129 |
| Proprietors' income | 1,598,509 | 1,668,877 | 1,730,190 | 1,795,081 | 1,860,714 | 1,928,964 |
| Farm proprietors' income | 71,790 | 64,798 | 64,798 | 64,798 | 64,798 | 64,798 |
| Nonfarm proprietors' income | 1,526,719 | 1,604,079 | 1,665,392 | 1,730,283 | 1,795,916 | 1,864,166 |
| Source: Center for Economic Analysis, Michigan State University | ||||||
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