71st most affordable of 199 in Metro Detroit
Cost of Living in Grosse Pointe Woods, MI
A typical home in Grosse Pointe Woods costs about $2,000 a month, 19.0% of the median household income of $126,395. That makes Grosse Pointe Woods the 11th most affordable of 42 places in Wayne County and 71st of 199 across Metro Detroit.
- Median rent a month
- $1,879
- Median home value
- $342,100
- Owner cost with a mortgage
- $2,121
- Of income on housing
- 19.0%
Grosse Pointe Woods against Wayne County and the metro
| Census median | Grosse Pointe Woods | Wayne County | Metro Detroit |
|---|---|---|---|
| Median rent (monthly) | $1,879 | $1,132 | $1,207 |
| Median home value | $342,100 | $178,500 | $249,700 |
| Owner cost with a mortgage (monthly) | $2,121 | $1,556 | $1,720 |
| Median household income (yearly) | $126,395 | $60,539 | $76,664 |
| Share of income on housing | 19.0% | 26.6% | 22.9% |
Ranked 11th most affordable of 42 in Wayne County. See all 42.
Cost of living near Grosse Pointe Woods
The towns around Grosse Pointe Woods, each with its own page.
- Detroit Rent $1,074 · Home $83,900 197th most affordable in the metro
- Harper Woods Rent $1,351 · Home $157,200 178th most affordable in the metro
- Grosse Pointe Farms Rent $1,408 · Home $442,000 6th most affordable in the metro
- ST Clair Shores Rent $1,183 · Home $210,700 121st most affordable in the metro
- Grosse Pointe Shores Rent $0 · Home $733,500 170th most affordable in the metro
- Eastpointe Rent $1,325 · Home $142,200 162nd most affordable in the metro
- Grosse Pointe Rent $1,725 · Home $436,800 30th most affordable in the metro
- Grosse Pointe Park Rent $1,379 · Home $473,100 85th most affordable in the metro
Living in Grosse Pointe Woods
- Homes for sale in Grosse Pointe Woods Listings and off-market deals
- Rentals in Grosse Pointe Woods Houses and apartments for rent
- Grosse Pointe Woods crime rate From Grosse Pointe Woods's own police reports
- Cost of living in Wayne County Every town in the county, ranked
- Most affordable cities in Metro Detroit All six counties, ranked
- Grosse Pointe Woods city guide Pros, homes and city services
Grosse Pointe Woods cost of living questions
5 questions
Is Grosse Pointe Woods, MI expensive to live in?
A typical home in Grosse Pointe Woods takes 19.0% of the median household income, against 22.9% across Metro Detroit, which ranks it 71st most affordable of 199 places.
What is the average rent in Grosse Pointe Woods?
The median gross rent is $1,879 a month, rent plus the utilities the renter pays, 56% above the metro.
How much does a house cost in Grosse Pointe Woods?
Owners put the median home value at $342,100, 37% above the metro. With a mortgage, the median owner pays $2,121 a month for the mortgage, taxes, insurance and utilities.
What income do you need to live in Grosse Pointe Woods?
Spending no more than 30% of income on housing, the usual rule, a typical Grosse Pointe Woods home at $2,000 a month calls for about $80,000 a year. The median household here earns $126,395.
Where do these numbers come from?
The U.S. Census Bureau's American Community Survey 2020-2024 5-year estimates for Grosse Pointe Woods. 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.