MI
Michigan: 2026 Business Market Risk & Industry Survival
Rank #18 of 51 state markets. 10 industries tracked. Population: 10,077,331.
Michigan ranks #18 out of 51 state markets by average entry risk (40.5). Construction carries the lowest risk at 28.0 (Low), while Healthcare and Social Assistance is the most challenging at 52.5 (Elevated). The 24.4-point spread signals significant variation across sectors. Healthcare and Social Assistance is the largest tracked employer with 621,590 jobs.
Michigan: 40.5 Average Entry Risk
231,140
Total Establishments
Across tracked industries
2,621,430
Total Employment
Across tracked industries
40.5
Average Entry Risk
Across all industries
Michigan at a Glance
Best Industries for New Entrants in Michigan
Industries with the lowest entry risk in Michigan.
Entry Risk by Industry in Michigan
Compare market entry conditions across industries in Michigan. Rank indicates position vs. all 50 states.
Lower is better
Low Mod Elev High
Construction
#2
Retail Trade
#15
Other Services
#24
Information
#32
Michigan Industry Data: 231,140 Establishments
| Industry | Entry Risk | Rank | Establishments | Employment | Avg Wage |
|---|---|---|---|---|---|
| Construction NAICS 23 | 28.0 | #2/51 | 23,664 | 195,782 | $81,756 |
| Accommodation and Food Services NAICS 72 | 29.2 | #10/51 | 20,514 | 369,856 | $25,563 |
| Administrative and Support Services NAICS 56 | 33.1 | #13/51 | 17,204 | 258,711 | $51,726 |
| Real Estate and Rental and Leasing NAICS 53 | 39.3 | #26/51 | 8,922 | 58,220 | $64,939 |
| Retail Trade NAICS 44-45 | 40.5 | #15/51 | 31,630 | 451,243 | $40,426 |
| Professional, Scientific, and Technical Services NAICS 54 | 41.2 | #27/51 | 43,190 | 314,330 | $111,028 |
| Other Services NAICS 81 | 43.6 | #24/51 | 25,679 | 136,839 | $47,283 |
| Information NAICS 51 | 47.2 | #32/51 | 9,720 | 56,103 | $107,180 |
| Finance and Insurance NAICS 52 | 49.8 | #23/51 | 15,276 | 158,756 | $99,769 |
| Healthcare and Social Assistance NAICS 62 | 52.5 | #46/51 | 35,341 | 621,590 | $63,292 |
Largest Industries in Michigan by Employment
How Michigan Compares to Neighboring States
Average entry risk across all tracked industries. Lower scores indicate better conditions for new businesses.