111th most affordable of 199 in Metro Detroit
Cost of Living in Farmington Hills, MI
A typical home in Farmington Hills costs about $1,838 a month, 21.0% of the median household income of $104,836. That makes Farmington Hills the 36th most affordable of 56 places in Oakland County and 111th of 199 across Metro Detroit.
- Median rent a month
- $1,551
- Median home value
- $354,500
- Owner cost with a mortgage
- $2,125
- Of income on housing
- 21.0%
Farmington Hills against Oakland County and the metro
| Census median | Farmington Hills | Oakland County | Metro Detroit |
|---|---|---|---|
| Median rent (monthly) | $1,551 | $1,376 | $1,207 |
| Median home value | $354,500 | $343,600 | $249,700 |
| Owner cost with a mortgage (monthly) | $2,125 | $1,998 | $1,720 |
| Median household income (yearly) | $104,836 | $97,760 | $76,664 |
| Share of income on housing | 21.0% | 20.7% | 22.9% |
Ranked 36th most affordable of 56 in Oakland County. See all 56.
Cost of living near Farmington Hills
The towns around Farmington Hills, each with its own page.
- Redford Rent $1,365 · Home $155,600 147th most affordable in the metro
- Bloomfield Township Rent $1,574 · Home $604,800 29th most affordable in the metro
- Livonia Rent $1,322 · Home $281,100 57th most affordable in the metro
- Northville Township Rent $1,821 · Home $551,800 75th most affordable in the metro
- Southfield Rent $1,340 · Home $236,200 179th most affordable in the metro
- Novi Rent $1,747 · Home $421,900 151st most affordable in the metro
- West Bloomfield Rent $2,031 · Home $426,200 115th most affordable in the metro
- Farmington Rent $1,340 · Home $297,200 81st most affordable in the metro
Living in Farmington Hills
- Homes for sale in Farmington Hills Listings and off-market deals
- Rentals in Farmington Hills Houses and apartments for rent
- Farmington Hills neighborhoods Every neighborhood on a map
- Farmington Hills crime rate From Farmington Hills's own police reports
- Farmington Hills cost of living by neighborhood Every neighborhood ranked, updated monthly
- Most expensive neighborhoods in Farmington Hills The last 12 months
- Least expensive neighborhoods in Farmington Hills The last 12 months
- Cost of living in Oakland County Every town in the county, ranked
- Most affordable cities in Metro Detroit All six counties, ranked
- Farmington Hills city guide Pros, homes and city services
Farmington Hills cost of living questions
5 questions
Is Farmington Hills, MI expensive to live in?
A typical home in Farmington Hills takes 21.0% of the median household income, against 22.9% across Metro Detroit, which ranks it 111th most affordable of 199 places.
What is the average rent in Farmington Hills?
The median gross rent is $1,551 a month, rent plus the utilities the renter pays, 29% above the metro.
How much does a house cost in Farmington Hills?
Owners put the median home value at $354,500, 42% above the metro. With a mortgage, the median owner pays $2,125 a month for the mortgage, taxes, insurance and utilities.
What income do you need to live in Farmington Hills?
Spending no more than 30% of income on housing, the usual rule, a typical Farmington Hills home at $1,838 a month calls for about $74,000 a year. The median household here earns $104,836.
Where do these numbers come from?
The U.S. Census Bureau's American Community Survey 2020-2024 5-year estimates for Farmington Hills. They are medians, half above and half below, and today's listings and rents can differ.
Source: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates.