Cost of Living in Farmington Hills, MI

Population 83,316 · Michigan · Data vintage 2023

110
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Most of Farmington Hills's cost indicators track within a reasonable band of national figures, with median household incomes near $101,863 — a more representative starting point for relocation math than the headline-expensive or headline-cheap cities on either tail.

Farmington Hills sits roughly 15 miles northwest of Dearborn — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 62% higher than Dearborn's $206,000.

Cost Overview

Housing 109
Rent 112

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

About the Cost of Living in Farmington Hills

The median home value in Farmington Hills is $333,200 — 9% above the national median of $305,000. Median rent runs $1,475/month, 12% higher than the national median of $1,314/month. The median household income of $101,863/year is 37% higher than the US median of $74,580. The local unemployment rate is 5.0%, above 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, Farmington Hills has a cost of living index of 110 versus the US average of 100, meaning it is 10% more expensive.

🏠 Housing

Median Home Value
$333,200
9% above avg
Zillow Home Value
$378,258
Zillow ZHVI
Median Rent
$1,475/mo
12% above avg
Zillow Rent
$1,426/mo
Zillow ZORI
Price-to-Rent Ratio
18.8x
Favors buying
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 64.0%
Renter-occupied 36.0%

💰 Estimated Monthly Budget

Rent median rent
$1,475
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,089/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
26.7 min
1% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
20.3%

Commute Mode

Drove alone
72.3%
Carpooled
5.3%
Public transit
0.3%
Walked
0.8%
Bicycle
0.1%
Work from home
20.3%

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
$101,863
37% above avg
Per Capita Income
$55,459
Unemployment Rate
5.0%
4% above avg
Poverty Rate
6.3%
Labor Force Participation
66.9%

🎓 Education

Bachelor's degree+ 30.5%
Graduate degree 27.5%

👥 Demographics

Median Age 41.4
Male median age 39.8
Female median age 43

💨 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

Frequently Asked Questions

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

Farmington Hills has a cost index of 110 (100 = national average). It is 10% above the national average.

What is average rent in Farmington Hills, MI?

The median gross rent in Farmington Hills is $1,475 per month based on 2023 Census data.

What is the average home price in Farmington Hills?

The median home value in Farmington Hills is $333,200 according to Zillow and Census data.

What is the median income in Farmington Hills?

The median household income in Farmington Hills is $101,863 per year (2023 ACS 5-year estimates).

What is the sales tax in Farmington Hills, MI?

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

Is Farmington Hills, MI affordable?

Farmington Hills is near the national average in terms of cost of living, with an index of 110 (100 = US average).

Farmington Hills at a Glance

Population
83,316
Median Income
$101,863
Home Value
$333,200
Median Rent
$1,475/mo
Unemployment
5.0%
Sales Tax
6.0%
View all cities in Michigan →
🗺️ County data for Michigan

Explore county-level cost of living data

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