The state of Michigan is home to some of the wealthiest people in America. The median household income in Michigan was $64,837 as of 2017, according to census data. That’s not surprising when you consider that this Midwestern state is home to several major cities and their residents have access to plenty of opportunities for career advancement and financial security. Here are some of the richest cities in Michigan.
Bloomfield Hills, Mich.
Bloomfield Hills, Mich., has a population of just over 40,000 people and an average income of $108,000. The average cost of housing is $1,100 per month—the second highest in the state after Ann Arbor—and food costs are also high at $1,066 per month on average. Transportation and healthcare expenses are also higher than average: transportation costs come in at $1,243 while healthcare results in an additional $804 spent every year on doctors visits and prescriptions.
Utilities are relatively inexpensive compared to other cities around Michigan: utilities tend to hover around $750 annually for homeowners who rent their homes out or own them outright; however renters will likely spend more than that amount due to the fact that utilities are included as part of their monthly rent payment rather than being added onto each bill separately like they would be if you were paying via cash pay-as-you go plan instead (which would mean no extra payments).
Housing affordability issues affect Bloomfield Hills residents’ quality of life significantly because there aren’t many affordable housing options available despite having one of lowest median household incomes out there.”
Grosse Pointe Shores, Mich.
Grosse Pointe Shores is a city in Wayne County in the U.S. state of Michigan. The population was 7,908 at the 2010 census. It is one of five townships in the Grosse Pointe area of suburban Detroit (the others being Birmingham, Lake Saint Clair and Stony Creek). The township was named after Pierre Eugene du Pont de Nemours who owned land here prior to his marriage to Maria Louisa Biddle DuPont (and thus became one of two townships named after him).
Rochester Hills, Mich.
The city of Rochester Hills, Michigan is a suburb of Detroit. In fact, it’s actually one of the richest cities in Michigan! It has a median household income of $98,000 and its median home value is $211,300.
Rochester Hills is also home to many wealthy families who make their fortunes from business or real estate investments in the region.
Grosse Pointe Farms, Mich.
Grosse Pointe Farms is one of the richest cities in Michigan. Located in Wayne County, this suburb has a population of 5,049 and it’s home to many wealthy people who work at General Motors or Ford Motor Company.
Grosse Pointe Farms was founded by French fur traders in 1701 as “Pointe aux Pins.” The name came from their reference to nearby Lake St. Clair as “La Pointe aux Pins” (the point with lots of pine trees). In 1715, Jean Baptiste Brule de Boisbriant established a trading post along what would later become Detroit Road along Lake St Clair near where Grosse Pointe now resides; he named it after his wife Maria Antoinette La Grange d’Annonay de Boisbriant de Chambly de Meuse et Cie
Huntington Woods, Mich.
The city of Huntington Woods is a great place to live, with a median household income of $106,099 and a median home value of $225,500. The average age of residents is 40.8 years old and the average education level is some college or higher.
The area has attracted many people looking for the perfect place to raise their families since it offers plenty of opportunities in both business and education.
Birmingham, Mich.
Birmingham is a city in Oakland County in the U.S. state of Michigan. It was named for Birmingham, England, and it lies roughly 22 miles north of Detroit. The population was 44,145 at the 2010 census; however, because this figure includes three neighboring townships that are technically independent cities (and there is no official boundary between them and Birmingham), it is sometimes included as part of the larger city’s statistics when discussing its size or growth rate.
Birmingham has been home to many historical figures including President Gerald Ford; entertainer Martha Reeves; Detroit Pistons basketball star Dennis Rodman; NBA Hall-of-Famer Isiah Thomas; NBA player/coach Darnell Jackson
Bloomfield Township, Mich.
Bloomfield Township is a suburb of Detroit and home to about 12,000 people. It’s one of the wealthiest communities in Michigan with a median household income of $124,717, according to census data collected in 2016.
Bloomfield Township has an unemployment rate that’s 7% lower than Michigan’s average and its median age is 38 years old. Approximately half (50%) of residents over 18 have at least a bachelor’s degree while another 25% hold some form of graduate or professional degree (masters level).
Beverly Hills, Mich.
Beverly Hills, Michigan is a city located in the far eastern part of the state. It has a population of 3,890 people and an estimated median household income of $120,000. The average home price in Beverly Hills is $468,000—making it one of the richest cities in Michigan and one of only four Michigan communities with an average home price above $400k.
The city has beautiful neighborhoods that are ideal for families looking to move into their dream homes or investors who want to invest in properties that have been well maintained over time but still need some work done on them before they’re ready for sale again!
White Lake Township, Mich.
White Lake Township is a suburb of Detroit and one of the richest cities in Michigan. It has a population of 19,828 and an average family income of $92,838. It is one of the fastest growing areas in the United States, due to the amount of wealth and job opportunities in the area. However, there are several other reasons why people choose to live in the city. The city has a large range of restaurants serving all different kinds of foods. In addition, there are art galleries, animal shelters, and sports stores. There are several parks and public events that people can go to, free of charge.
White Lake Township has many beautiful areas to explore including:
- White Lake Park (with an amphitheater) that hosts concerts throughout the year
- The Whitewater River Trail where you can go biking or walking along its 1.6 mile trail that runs through downtown White Lake Township and connects with other trails around southeast Michigan
Saline, Mich.
Saline, Mich., is a suburb of Ann Arbor and the 10th among the richest cities in Michigan. The median income here is $89,975—a full $10,000 higher than the state average—and home values are high enough to support homeownership for at least seven years (the national average is six). Saline’s population was 12,834 as of 2010 census data. Michigan may be in the rust belt but that doesn’t mean that its residents aren’t doing ok for themselves.
Poorest Cities in Michigan
Michigan’s economy is rapidly growing, and that means more people are moving to the state. A recent study found that Detroit is one of the most popular places to live in America right now, but there are plenty of other cities where you can find good jobs and wonderful natural beauty. This list of the poorest cities in Michigan includes some big names like Flint and Benton Harbor but also smaller towns with beautiful scenery such as Saginaw County’s Lake Huron shoreline or Baldwin Area Schools’ athletic fields during warm weather months.
Benton Harbor
Benton Harbor, Michigan is the poorest city in Michigan. The population of 10,847 people living there have an average household income of $21,823 and a median home value of $55,900. The unemployment rate at 16% makes it one of the poorest cities in America as well.
Benton Harbor is also home to 40.1% poverty rate—the highest poverty level recorded by any other Michigan city besides Detroit or Flint (both which are still worse). In fact, Benton Harbor had a higher percentage than Flint did when comparing them both together with their respective populations sizes!
Detroit
Michigan is the largest state in the midwest and the eleventh most populous in the United States. Detroit is the largest city in this state and with a population of 673104. Detroit is a great place to visit, but it’s even better to live in! The average household income is $48,742 per year, with a median family income of $54,765. Unemployment is at 5.2%, which is lower than the national average. But it’s still considered a poor place to live when compared with other big cities. It’s also home to many famous buildings and landmarks, including:
- The Renaissance Center (formerly known as Cadillac Tower) which houses shops on its upper floors and offices for businesses on its lower floors
- Comerica Park where the Detroit Tigers play baseball games
- Ford Field where Lions football games are played
Flint
Auto Industry is the main source of income in Flint, Michigan. Unfortunately, the closing of auto plants in the area contributed largely to the economic downfall of the city. The average income reached as high as $58,800 in 2000 but now it has decreased to $26,735, the lowest in Michigan. Besides, the largest employer in the city is the Michigan Department of Corrections, which employs nearly 1,000 people.
The median household income for Flint is $26,735 compared to the national average of $53,046. Flint has a 10.9% unemployment rate compared to the national average of 5.4% The poverty rate is a staggering 39.3%. The town is no stranger to crime. Flint is one of the most dangerous cities in Michigan. There were 67 homicides in Flint in 2012, which increased to 76 in 2013 and has continued to rise. Also, there has been an increase in crime rates over recent years due to its high poverty levels and large population size (101,632).
Highland Park
Highland Park is a city in Wayne County in the U.S. state of Michigan, within Metro Detroit. As of the 2010 census, the city population was 11,776.
The mayor of Highland Park is James Marable who took office on January 1st 2018 after defeating incumbent Mayor Ann Marie Taliaferro in what many believe was an upset win for Marable’s campaign which focused heavily on public safety issues and crime reduction strategies including hiring more police officers and creating new programs like “Project Green Light” which uses video surveillance cameras to detect crime before it happens
Saginaw
Saginaw is located on the south side of Saginaw Bay. A city in the State of Michigan with a population of 51,000. Saginaw is the largest city in the Saginaw, Bay City and Flint metropolitan area, and the county seat of Saginaw County. Being as it is poor, Saginaw has an unemployment rate of more than 9%. There are companies in Saginaw that promote work-life balance. Perfect for anyone that wants to have a family and spend time with them. The major companies in Saginaw include Saginaw Steering, Blue Cross Blue Shield of Michigan and Delta Corperation of Michigan. The median household income for this area is $31,834 per year—which means that half of all households earn less than $31,834 annually.
Is Michigan really a good place to live?
Michigan is a great state, with lots of things to offer. It has several great cities and towns that are home to rich people, including Ann Arbor and Dearborn. These cities have become well-known for their high quality of life and high standard of living.
Michigan also has many wealthy suburbs where you can find even more millionaires hanging out in their million dollar homes (or sometimes even billion dollar ones). If you’re looking for someplace with lots of money but not quite as much culture or history as other states have to offer, then this might be your cup o’ tea!
Conclusion
Michigan is a great place to live, but it’s also a great place to start a business. The state has long been known as an innovation hub and that reputation continues today, making Michigan one of the best places for entrepreneurs in America.
