As of May 18, 2021, the average annual salary for Economic Development in Michigan is $77,588, equivalent to $37 per hour, $1,492 weekly, or $6,466 monthly. These figures, sourced from Salary.com’s real-time job posting scans, highlight competitive earning potential for Economic Development in cities like Santa Clara, San Jose, and Fremont.
Annually Salaries for Economic Development in Michigan vary widely, spanning from $62,857 to $86,889. Most professionals fall between the 25th percentile ($69,877) and 75th percentile ($82,456), while top earners (90th percentile) make $86,889 per year. This $12,579 pay gap underscores opportunities for salary growth through certifications, specialized skills like Analysis or Forecasting, or targeting high-paying regions like District of Columbia or California.
Location and experience significantly influence earnings. For example, Michigan Economic Development often earn 1.3% lower than national averages due to demand from Fortune 34 companies. However, Michigan currently ranks 22 nationwide for Economic Development job salary. Professionals are advised to focus on high-growth sectors like to offset market challenges.
