Michoacán
Socioeconomic overview of Michoacán, Mexico. Displays real, verified census parameters from INEGI, GDP reports, ENIGH household income distribution, and housing infrastructure markers.
Michoacán positions itself as an agricultural export titan and a crucial logistics corridor within Mexico's Pacific basin. Anchored by monumental agrifood trade flows—led by fresh avocados, mangoes, and specialized produce exports valued at over US$74.3 billion—the state underpins a global supply chain supported by vital maritime and intermodal infrastructure. While state-level Foreign Direct Investment data remains disaggregated, the region's strategic value is defined by its strategic industrial backbone, driven by the Lázaro Cárdenas deepwater port and interior processing hubs that fuel sustained institutional demand for cold-chain storage and specialized industrial assets.
Demographically, Michoacán maintains a consumer base of 4,748,846 residents following a 9.14% ten-year growth trajectory, supported by an Economically Active Population of 2.34 million. The labor market demonstrates notable stability with an unemployment rate of just 1.77% and a competitive average monthly wage of MX$7.77k, rendering the region highly cost-effective for labor-intensive agri-processing and assembly operations. Real estate transaction activity and commercial absorption remain strictly focused within key economic municipalities including Uruapan, Lázaro Cárdenas, and Jacona.
DataMéxico Economic & Labor Statistics
DataMéxico / Secretaría de EconomíaIncome Benchmark: Michoacán vs National Average
Source: INEGI ENIGH 2024. Current monthly income calculated at household scale.
Economic Business Count by Sector (DENUE Registry)
Frequently Asked Questions (Michoacán)
What is the population of Michoacán?
According to institutional projections, the population of Michoacán is estimated at 5,045,030 in 2025, compared to 4,748,846 recorded in the 2020 census, representing a density of 85.7 people per square kilometer over an area of 58,855 km².
What is the average household income in Michoacán?
The average monthly household income in Michoacán is MX$22,745, with a median of MX$17,527 per month, based on the local ENIGH 2024 microdata extract.
How large is the housing deficit in Michoacán?
Michoacán registers a total housing lag (rezago total) of 399,662 units, with an estimated household deficit of 421,793 homes. A total of 477 federal housing subsidies have been assigned to the region.