Cost of Living in Bloomfield Hills, MI

Population 4,412 · Michigan · Data vintage 2023

284
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Housing in Bloomfield Hills sits 209% above the national median — $943,000 for the typical home — but median household incomes near $200,318 (169% above the US figure) soften the blow that similar pricing creates in lower-wage metros.

Bloomfield Hills sits roughly 11 miles west of Sterling Heights — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 262% higher than Sterling Heights' $261,000.

Cost Overview

Housing 309
Rent 247

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Bloomfield Hills

The median home value in Bloomfield Hills is $942,900 — 209% above the national median of $305,000. Median rent runs $3,250/month, 147% higher than the national median of $1,314/month. The median household income of $200,318/year is 169% higher than the US median of $74,580. The local unemployment rate is 4.4%, below the national average of 4.8%. Michigan's top state income tax rate is 4.3% and the combined sales tax is 6.0%. Overall, Bloomfield Hills has a cost of living index of 284 versus the US average of 100, meaning it is 184% more expensive.

🏠 Housing

Median Home Value
$942,900
209% above avg
Zillow Home Value
$650,054
Zillow ZHVI
Median Rent
$3,250/mo
147% above avg
Zillow Rent
$2,931/mo
Zillow ZORI
Price-to-Rent Ratio
24.2x
Favors renting
Property Tax Rate
1.5%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$707
1 BR
$780
2 BR
$962
3 BR
$1,290
4 BR
$1,444
Owner-occupied 88.7%
Renter-occupied 11.3%

💰 Estimated Monthly Budget

Rent median rent
$3,250
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $3,864/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
22.3 min
17% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
17.4%

Commute Mode

Drove alone
77.0%
Carpooled
1.1%
Walked
3.6%
Work from home
17.4%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 4.3%
Total Sales Tax 6.0%
State rate 6.0%
Avg local rate 0.0%
Property Tax 1.5%

💼 Income & Employment

Median Household Income
$200,318
169% above avg
Per Capita Income
$128,829
Unemployment Rate
4.4%
8% below avg
Poverty Rate
3.6%
Labor Force Participation
53.0%

🎓 Education

Bachelor's degree+ 31.4%
Graduate degree 47.9%

👥 Demographics

Median Age 49
Male median age 48.4
Female median age 49.4

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 41 — Good
73.9%
Good air days/yr
169
Max AQI recorded
53
PM2.5 days
208
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

96%
4-Year Graduation Rate
13.7:1
Student-teacher ratio
11
Public schools
5,514
Total enrollment

Frequently Asked Questions

What is the cost of living in Bloomfield Hills, MI?

Bloomfield Hills has a cost index of 284 (100 = national average). It is 184% above the national average.

What is average rent in Bloomfield Hills, MI?

The median gross rent in Bloomfield Hills is $3,250 per month based on 2023 Census data.

What is the average home price in Bloomfield Hills?

The median home value in Bloomfield Hills is $942,900 according to Zillow and Census data.

What is the median income in Bloomfield Hills?

The median household income in Bloomfield Hills is $200,318 per year (2023 ACS 5-year estimates).

What is the sales tax in Bloomfield Hills, MI?

The combined state and local sales tax rate in Bloomfield Hills is 6.0%. The Michigan state income tax top rate is 4.3%.

Is Bloomfield Hills, MI affordable?

Bloomfield Hills is above average in cost of living, with an index of 284 — about 184% higher than the national average.

Bloomfield Hills at a Glance

Population
4,412
Median Income
$200,318
Home Value
$942,900
Median Rent
$3,250/mo
Unemployment
4.4%
Sales Tax
6.0%
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🗺️ County data for Michigan

Explore county-level cost of living data

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