Cost of Living in Farmington Hills, Michigan
Farmington Hills has a population of about 83,515. The median household income is $104,836, median gross rent is $1,551/month, and the median home value is $354,500. These figures come from 2020-2024 ACS 5-Year estimates, the latest full-coverage Census baseline for U.S. cities.
How current is this? Census city data is released with a lag because it is survey-based and designed for consistent coverage across small and large places. Use it as an official affordability baseline; current apartment listings and mortgage rates may differ.
Is Farmington Hills expensive to live in?
Compared with the national median in this dataset, rent in Farmington Hills is 6% below the national median and home values are 5% below the national median. Household income here is 25% above the national median. Monthly rent represents roughly 18% of the median annual household income, a rough affordability signal for renters.
Frequently asked questions
What is the average rent in Farmington Hills?
The median gross rent in Farmington Hills, Michigan is $1,551 per month in the 2020-2024 ACS 5-Year estimates.
What is the median home price in Farmington Hills?
The median owner-occupied home value in Farmington Hills is $354,500 in the 2020-2024 ACS 5-Year estimates.
How much do people earn in Farmington Hills?
The median household income in Farmington Hills is $104,836 per year in the 2020-2024 ACS 5-Year estimates.
Data source: U.S. Census Bureau, 2020-2024 ACS 5-Year Estimates. Local database last refreshed 2026-07-11.