Here's what it costs to live in Farmington Hills, Michigan, based on the latest US government data. Renters pay a median of $1,475 per month, while the typical home is valued around $333,200. Households earn a median of $101,863 per year, leaving rent at a manageable share of income for many residents. The figures below cover housing, local wages by occupation, demographics, and air quality, all drawn from the US Census Bureau, BEA, HUD, and EPA.
Median Household Income
$101,863
Annual · Census ACS
Median Gross Rent
$1,475
Per month · Census ACS
Median Home Value
$333,200
Census ACS
Cost of Living Index
N/A
BEA RPP · US avg = 100
1BR Fair Market Rent
N/A
HUD FMR
2BR Fair Market Rent
N/A
HUD FMR
3BR Fair Market Rent
N/A
HUD FMR
HUD Fair Market Rent = 40th percentile gross rent · FY2024
State Income Tax
4.25%
Top marginal rate
State Sales Tax
6.00%
Statewide base rate (local add-ons may apply)
Source: Tax Foundation (2024)
| Occupation | Median Annual Wage |
|---|---|
| 💻Software Developer | N/A |
| 🏥Registered Nurse | N/A |
| 📚Elementary Teacher | N/A |
| ⚡Electrician | N/A |
| 📊Accountant | N/A |
Source: BLS OEWS 2023 (metro-level data)
Population
83,316
Latest estimate
Median Age
41.4 yrs
Census ACS
🌬️
AQI data not available
Source: EPA AirNow
What is the cost of living index for Farmington Hills?
The cost of living index for Farmington Hills is not yet available in our database.
What is the median rent in Farmington Hills?
The median gross rent in Farmington Hills is $1,475 per month according to US Census ACS data.
What is the median household income in Farmington Hills?
The median household income in Farmington Hills is $101,863 per year.
What is the median home value in Farmington Hills?
The median home value in Farmington Hills is $333,200 based on the latest Census ACS survey.
How is the air quality in Farmington Hills?
Air quality data for Farmington Hills is not yet available.
What are the taxes like in Farmington Hills?
Michigan has a top state income tax rate of 4.25% and a statewide sales tax of 6.00% (local rates may add to this). Source: Tax Foundation, 2024.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology