Michoacán
Socioeconomic overview of Michoacán, Mexico. INEGI census parameters, GDP, ENIGH household income, and housing markers — with identified sources.
Population of Michoacán, 2025
Michoacán has an estimated population of 5,045,030 people in 2025, compared to 4,748,846 recorded in the 2020 INEGI Census, with a density of 85.7 people/km² across 58,855 km².
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 indicators
DataMéxico / Secretaría de EconomíaMichoacán by segment
The same published evidence, interpreted for each job: underwrite, develop, broker or lend.
Income benchmark: Michoacán vs national average
Source: INEGI ENIGH 2024. Current monthly income calculated at household scale.