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Frequently Asked Questions Regarding the State's Finances
The following questions provide an easily understandable overview of Michigan's finances. To find the answer to a particular question, click on it. Where appropriate, answers may include links to additional, more detailed information. We are interested in hearing your thoughts or suggestions regarding the questions and answers. Use this link to submit comments.

FAQ
  State Finances
How does Michigan's debt load compare to other states?
 
Answer:
For calendar year 2011, the most recent year for which comparative data is available, Michigan's outstanding debt per capita was $785. This was well below the national average of $1,408 and ranked Michigan 16th best among states. Below is additional information showing how Michigan's debt compared to other states as of calendar year 2011.

Michigan's debt load compared to other states


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