8th most affordable of 199 in Metro Detroit
Cost of Living in Southfield Township, MI
A typical home in Southfield Township costs about $2,481 a month, 16.1% of the median household income of $184,531. That makes Southfield Township the 4th most affordable of 56 places in Oakland County and 8th of 199 across Metro Detroit.
- Median rent a month
- $2,112
- Median home value
- $544,100
- Owner cost with a mortgage
- $2,850
- Of income on housing
- 16.1%
Southfield Township against Oakland County and the metro
| Census median | Southfield Township | Oakland County | Metro Detroit |
|---|---|---|---|
| Median rent (monthly) | $2,112 | $1,376 | $1,207 |
| Median home value | $544,100 | $343,600 | $249,700 |
| Owner cost with a mortgage (monthly) | $2,850 | $1,998 | $1,720 |
| Median household income (yearly) | $184,531 | $97,760 | $76,664 |
| Share of income on housing | 16.1% | 20.7% | 22.9% |
Ranked 4th most affordable of 56 in Oakland County. See all 56.
Cost of living near Southfield Township
The towns around Southfield Township, each with its own page.
- West Bloomfield Rent $2,031 · Home $426,200 115th most affordable in the metro
- Southfield Rent $1,340 · Home $236,200 179th most affordable in the metro
- Farmington Hills Rent $1,551 · Home $354,500 111th most affordable in the metro
- Royal Oak Rent $1,381 · Home $328,700 80th most affordable in the metro
- Birmingham Rent $1,902 · Home $698,300 112th most affordable in the metro
- Beverly Hills Rent $2,077 · Home $511,000 11th most affordable in the metro
- Franklin Rent $0 · Home $774,900 89th most affordable in the metro
- Bingham Farms Rent $3,501 · Home $580,500 23rd most affordable in the metro
Living in Southfield Township
- Homes for sale in Southfield Township Listings and off-market deals
- Rentals in Southfield Township Houses and apartments for rent
- Cost of living in Oakland County Every town in the county, ranked
- Most affordable cities in Metro Detroit All six counties, ranked
- Southfield Township city guide Pros, homes and city services
Southfield Township cost of living questions
5 questions
Is Southfield Township, MI expensive to live in?
A typical home in Southfield Township takes 16.1% of the median household income, against 22.9% across Metro Detroit, which ranks it 8th most affordable of 199 places.
What is the average rent in Southfield Township?
The median gross rent is $2,112 a month, rent plus the utilities the renter pays, 75% above the metro.
How much does a house cost in Southfield Township?
Owners put the median home value at $544,100, 118% above the metro. With a mortgage, the median owner pays $2,850 a month for the mortgage, taxes, insurance and utilities.
What income do you need to live in Southfield Township?
Spending no more than 30% of income on housing, the usual rule, a typical Southfield Township home at $2,481 a month calls for about $99,000 a year. The median household here earns $184,531.
Where do these numbers come from?
The U.S. Census Bureau's American Community Survey 2020-2024 5-year estimates for Southfield Township. 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.