Cost of Living in Forest Hills, MI

Population 28,494 · Michigan · Data vintage 2023

153
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Most of Forest Hills's cost indicators track within a reasonable band of national figures, with median household incomes near $156,618 — a more representative starting point for relocation math than the headline-expensive or headline-cheap cities on either tail. An unemployment rate of 1.5% points to a labor market well on the tight side of the national distribution.

Located 8 miles east of Grand Rapids, Forest Hills falls within that metro's commuting orbit. Median home values run roughly 111% higher than Grand Rapids' $226,000.

Cost Overview

Housing 156
Rent 148

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

About the Cost of Living in Forest Hills

The median home value in Forest Hills is $474,800 — 56% above the national median of $305,000. Median rent runs $1,950/month, 48% higher than the national median of $1,314/month. The median household income of $156,618/year is 110% higher than the US median of $74,580. The local unemployment rate is 1.5%, 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, Forest Hills has a cost of living index of 153 versus the US average of 100, meaning it is 53% more expensive.

🏠 Housing

Median Home Value
$474,800
56% above avg
Median Rent
$1,950/mo
48% above avg
Price-to-Rent Ratio
20.3x
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 94.4%
Renter-occupied 5.6%

💰 Estimated Monthly Budget

Rent median rent
$1,950
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,564/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
22.4 min
17% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
22.2%

Commute Mode

Drove alone
69.5%
Carpooled
5.4%
Public transit
1.0%
Walked
1.3%
Bicycle
0.2%
Work from home
22.2%

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
$156,618
110% above avg
Per Capita Income
$79,311
Unemployment Rate
1.5%
70% below avg
Poverty Rate
2.6%
Labor Force Participation
66.4%

🎓 Education

Bachelor's degree+ 40.8%
Graduate degree 30.7%

👥 Demographics

Median Age 43.3
Male median age 43.2
Female median age 43.4

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 49 — Good
51.5%
Good air days/yr
220
Max AQI recorded
198
PM2.5 days
153
Ozone days

Frequently Asked Questions

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

Forest Hills has a cost index of 153 (100 = national average). It is 53% above the national average.

What is average rent in Forest Hills, MI?

The median gross rent in Forest Hills is $1,950 per month based on 2023 Census data.

What is the average home price in Forest Hills?

The median home value in Forest Hills is $474,800 according to 2023 Census ACS data.

What is the median income in Forest Hills?

The median household income in Forest Hills is $156,618 per year (2023 ACS 5-year estimates).

What is the sales tax in Forest Hills, MI?

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

Is Forest Hills, MI affordable?

Forest Hills is above average in cost of living, with an index of 153 — about 53% higher than the national average.

Forest Hills at a Glance

Population
28,494
Median Income
$156,618
Home Value
$474,800
Median Rent
$1,950/mo
Unemployment
1.5%
Sales Tax
6.0%
View all cities in Michigan →
🗺️ County data for Michigan

Explore county-level cost of living data

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