Median rent is 17% lower in Farmington Hills ($1,475/mo vs $1,779/mo). Buying is cheaper in Farmington Hills, where the median home runs $333,200 versus $751,700. Households earn more in Farmington Hills ($101,863 vs $79,713 a year).
City A
Farmington Hills, MI
City B
New York, NY
How much would you need to earn in New York, NY to maintain your standard of living from Farmington Hills, MI?
A cost-of-living index isn't available for one of these cities yet, so we can't compute an equivalent salary.
Based on BEA Regional Price Parity (cost index) for each city's metro area. A rough estimate of overall purchasing power, not tax or take-home pay.
Metric
Farmington Hills
Michigan
New York
New York
👥Population
💰Median Household Income
Annual
🏠Median Gross Rent
Per month
🏡Median Home Value
📊Cost of Living Index
US avg = 100
🔑1BR Fair Market Rent
HUD FMR
🔑2BR Fair Market Rent
HUD FMR
🔑3BR Fair Market Rent
HUD FMR
🌬️Air Quality Index
Lower = cleaner
🏛️Top State Income Tax
Top marginal rate
🧾State Sales Tax
Statewide base rate
🎂Median Age
Years
✓ = better value · Sources: US Census ACS, BEA RPP, HUD FMR, EPA AirNow, Tax Foundation
Median rent is modestly lower in Farmington Hills at $1,475/mo compared to $1,779/mo in New York (17% gap). Home buyers face a steeper market in New York: the median home is $751,700 versus $333,200 in Farmington Hills — 56% more expensive.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
Michigan's top income tax rate is 4.25% versus 10.90% in New York, so Farmington Hills is more tax-friendly for high earners. Sales tax is 6.00% in Michigan and 4.00% in New York; New York has the lower rate (local add-ons may apply in both).
Farmington Hills
Income tax: 4.25%
Sales tax: 6.00%
New York
Income tax: 10.90%
Sales tax: 4.00%
Air quality data is available for New York (avg AQI 61.0) but not yet for Farmington Hills.
Pick Farmington Hills if you prioritize higher median household income ($101,863/yr).
Pick Farmington Hills if you prioritize cheaper rent ($1,475/mo median).
Pick Farmington Hills if you prioritize lower state income tax (4.25%).
Is Farmington Hills cheaper than New York?
Cost of living index data is not yet available for one or both cities.
How much is rent in Farmington Hills vs New York?
Median rent is $1,475/mo in Farmington Hills, MI and $1,779/mo in New York, NY. Farmington Hills, MI has the lower rent by about 17%.
Which has higher salaries — Farmington Hills or New York?
Median household income is $101,863 in Farmington Hills, MI and $79,713 in New York, NY. Farmington Hills, MI has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Which city has better air quality?
Air quality data is not yet available for one or both cities.
Which has lower taxes — Farmington Hills or New York?
Michigan's top income tax rate is 4.25% and New York's is 10.90%. Farmington Hills, MI has the lower rate.
What salary do I need in New York to match my Farmington Hills income?
RPP data needed for salary equivalence calculation is not yet available.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology