Cost of Living in Grosse Pointe Farms, MI

Population 9,957 · Michigan · Data vintage 2023

128
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Grosse Pointe Farms is a smaller Michigan community of around 10000 residents, where median household incomes of $160,589 and housing costs ($419,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. An unemployment rate of 2.3% points to a labor market well on the tight side of the national distribution.

Geographically, Grosse Pointe Farms sits roughly 10 miles southeast of Warren. Median home values run roughly 130% higher than Warren's $182,000.

Cost Overview

Housing 137
Rent 114

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

About the Cost of Living in Grosse Pointe Farms

The median home value in Grosse Pointe Farms is $418,600 — 37% above the national median of $305,000. Median rent runs $1,500/month, 14% higher than the national median of $1,314/month. The median household income of $160,589/year is 115% higher than the US median of $74,580. The local unemployment rate is 2.3%, 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%. The climate averages highs of 58.7°F and lows of 42.3°F. Overall, Grosse Pointe Farms has a cost of living index of 128 versus the US average of 100, meaning it is 28% more expensive.

🏠 Housing

Median Home Value
$418,600
37% above avg
Zillow Home Value
$501,580
Zillow ZHVI
Median Rent
$1,500/mo
14% above avg
Price-to-Rent Ratio
23.3x
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 95.8%
Renter-occupied 4.2%

💰 Estimated Monthly Budget

Rent median rent
$1,500
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,114/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
27.4 min
1% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
22.4%

Commute Mode

Drove alone
71.1%
Carpooled
4.6%
Public transit
0.2%
Walked
1.3%
Work from home
22.4%

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
$160,589
115% above avg
Per Capita Income
$94,810
Unemployment Rate
2.3%
52% below avg
Poverty Rate
2.6%
Labor Force Participation
64.8%

🎓 Education

Bachelor's degree+ 36.5%
Graduate degree 42.4%

👥 Demographics

Median Age 51
Male median age 45.1
Female median age 53.3

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
58.7°F
Avg Low
42.3°F
Annual Precip
29.9"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 323545587079848174614837
Low °F 202128395060656456453426
Precip" 1.451.412.022.823.493.103.223.103.092.302.161.73

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 61 — Moderate
19.2%
Good air days/yr
226
Max AQI recorded
329
PM2.5 days
33
Ozone days

Frequently Asked Questions

What is the cost of living in Grosse Pointe Farms, MI?

Grosse Pointe Farms has a cost index of 128 (100 = national average). It is 28% above the national average.

What is average rent in Grosse Pointe Farms, MI?

The median gross rent in Grosse Pointe Farms is $1,500 per month based on 2023 Census data.

What is the average home price in Grosse Pointe Farms?

The median home value in Grosse Pointe Farms is $418,600 according to Zillow and Census data.

What is the median income in Grosse Pointe Farms?

The median household income in Grosse Pointe Farms is $160,589 per year (2023 ACS 5-year estimates).

What is the sales tax in Grosse Pointe Farms, MI?

The combined state and local sales tax rate in Grosse Pointe Farms is 6.0%. The Michigan state income tax top rate is 4.3%.

Is Grosse Pointe Farms, MI affordable?

Grosse Pointe Farms is above average in cost of living, with an index of 128 — about 28% higher than the national average.

What is the weather like in Grosse Pointe Farms?

Grosse Pointe Farms has average high temperatures of 58.7°F and average lows of 42.3°F. Annual precipitation is 29.9". Data from NOAA 1991–2020 Climate Normals.

Grosse Pointe Farms at a Glance

Population
9,957
Median Income
$160,589
Home Value
$418,600
Median Rent
$1,500/mo
Unemployment
2.3%
Avg High Temp
58.7°F
Sales Tax
6.0%
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