The 20 Richest Cities in Michigan

Grosse Pointe Shores

Michigan is the tenth most populated state in the United States of America. The state, with two peninsulas, became one of America’s most important economic centers in the early twentieth century. Detroit and Grand Rapids are the largest cities and important manufacturing and automobile industry hubs. Michigan lies within the Great Lakes and is a popular tourist destination. There are many wealthy cities in Michigan, most of them are suburbs of Detroit and Grand Rapids. Here are the 20 richest cities in Michigan.

Ann Arbor

20. Ann Arbor – Gross Income: $60,000 | Median Home: $230,000

Ann Arbor is the 6th largest city in Michigan and one of the top 20 wealthiest. This city is located just southwest of Detroit and is a major contributor to the state’s economy. Ann Arbor is also home to the University of Michigan which is Michigan’s oldest University and well known as a research University and its NCAA football team. Ann Arbor is nicknamed “Tree Town” because the city is filled with a variety of trees, particularly Bur Oak Trees, and dense forests. The large city has a population of 115,000. The median home value is $230,000, and the median income is around $60,000. The University of Michigan provides many great employment opportunities through the University and the healthcare system. The city is located on the beautiful Huron River and has several districts including The Kerrytown Shops and the Main Street Business District.

19. Grosse Pointe – Gross Income: $120,000 | Median Home: $354,000

Grosse Pointe, Michigan was the first commuter suburb of Detroit and is one of the 4 Grosse Pointe communities. Located along the St. Clair Lake, there are many waterfront activities to enjoy in this beautiful city. The city’s population increased between 1910 and 1930. The town is just 1 square mile and the population is 5,400, so Grosse Pointe is one of the most densely populated towns in Michigan. The average income of residents is $120,000. The average cost of a home is $354,000. Grosse Pointe is filled with cottages, resorts, farms and lakefront mansions. The town is also known for the 1997 John Cusack Movie, “Grosse Pointe Blank”.

ROyal Oak

18. Royal Oak – Gross Income: $60,000 | Median Home: $240,000

Royal Oak is a suburb of Detroit that developed as an industrial city after World War II. With a population of 58,000 it’s one of the largest cities in Michigan. The median income of residents is $60,000, and the median house price is $240,000. The city was developed around the Red Run River, so there are many river activities to enjoy. Royal Oak is home to the Detroit Zoo. It’s also home to the Gilda Radner Hereditary Cancer Program.

Plymouth

17. Plymouth – Gross Income: $80,000 | Median Home: $346,000

Plymouth is a wealthy Michigan city located 26 miles west of Detroit. The township has a population of 9,100. The median income is $80,000, and the median price for a home is $346,000. This Detroit suburb is most notable for its many parks and recreation areas. Plymouth even has an NHL size hockey rink. The town is filled with great restaurants and shops. Plymouth has many family friendly events that take place in Kellogg Park at the town’s center. This includes a Fall Festival, Summer “Music In the Air” concerts, “Haunted Halloween” and “Bumpers, Bikes and Bands”

Berkley

16. Berkley – Gross Income: $77,000 | Median Home: $225,000

Berkley is a nearby suburb of Detroit. It’s population is about 15,000. The average income for residents is $77,000, and the annual home value is $225,000. Berkley is known for its large community center and neighborhood parks. The town also hosts an annual Summerfest and, since 2001, the annual “Art Bash”. The Art Bash features of a parade of new car models down the 12 mile stretch of downtown Berkley with local vendors offering sales on merchandise and artists throughout the state of Michigan selling art work including photographs, jewelry, pottery and more. The fair draws as many as 10,000 people.

Hickory Corners

15. Hickory Corners – Gross Income: $124,000 | Median Home: $255,000

Hickory Corners is located in south central Michigan. The small town is just 2.1 square miles and there are only 322 residents. The average income is $124,000 and the average house price is $255,000. Within this small town is the Gillmore Car Museum which includes Michigan’s Motor Sports Hall of Fame and Gull Lake.

West Bloomfield

14. West Bloomfield – Gross Income: $100,000 | Median Home: $365,000

West Bloomfield is a suburb of Detroit and the home to many wealthy residents. The median income of residents is $100,000, and the average cost of a home is $365,000. West Bloomfield is large with a population of about 65,000. The city is filled with many lakes, some small and some medium sized. Orchard Lake is one of the most wealthiest areas of the city with a private country club, high end shopping and dining, and the home to many cultural events.

Forest Hills

13. Forest Hills – Gross Income: $150,000 | Median Home: $475,000

Forest Hills is a wealthy suburb of Grand Rapids in western Michigan. Just 10 miles from Grand Rapids, this suburb is a great place to raise a family and enjoy suburban living while still very close to go to the larger city of Grand Rapids for work or entertainment. The population of Forest Hills is 26,000. Many wealthy people live in Forest Hills. The average income is around $150,000. The average value of a home in Forest Hills is $475,000.

Beverly Hills

12. Beverly Hills – Gross Income: $195,000 | Median Home: $340,000

Beverly Hills is a village and suburb of Detroit. The village is 4.04 square miles and has a population of 10,500. The average income of residents is $195,000. The average cost of a home is $340,000. Beverly Hills is a great place for the wealthy to live because it’s quiet and peaceful and just a short distance from the big city of Detroit. There are several parks and many options for dining as well as art and cultural events.

Rochester Hills

11. Rochester Hills – Gross Income: $125,000 | Median Home: $370,000

Rochester is a large and wealthy suburb north of Detroit. The city’s population is 70,000. The average income is $125,000, and the average house value is $370,000. The city has a lot of great green space and scenery. There is much to do including shopping, dining, art galleries, museums and theaters. There is a great museum at Van Hoosen Farm. Visitors will like the historic Meadow Brook Hall. There are many parks and golf courses. There are nearby wineries and cider mills. Eminem had a home in Rochester Hills and Madonna grew up in the city.

Troy

10. Troy – Gross Income: $80,000 | Median Home: $335,000

Troy, Michigan is the largest wealthiest suburb of Detroit. The city has a population of 80,000, making it the 11th largest city in the state. The average income of residents is $80,000, and the average cost of a home is $335,000. Troy has an interesting history museum located in its village area behind the old city hall. The museum features several things from the city’s past including an 18th century school house, a blacksmith’s shop and a general store and offers many interesting events. Troy is home to many businesses, particularly automobile and financial businesses including Bank of America. The city also has great shopping with Oakland Mall and the upscale Sommerset Collection Mall with 180 stores.

East Grand Rapids

9. East Grand Rapids – Gross Income: $115,000 | Median Home: $303,000

East Grand Rapids, Michigan is the wealthiest part of the Grand Rapids metropolitan area. Located in western Michigan, East Grand Rapids is 3.4 square miles and has a population of about 11,000. The average income of residents is $115,000. The average price of a home in the city is $303,000. There are two large lakes that abut the city, Reeds Lake and Fish Lake. Both have beautiful parks. There are many options for shopping and dining in East Grand Rapids. East Grand Rapids was President Gerald Ford’s hometown. His Presidential Library is located in East Grand Rapids.

NOrthville

8. Northville – Gross Income: $145,000 | Median Home: $500,000

Northville is a suburb of Detroit. The town has about 6,000 residents. The average income is $145,000. The average cost of a home is a half million dollars. The quaint town has many events throughout the year on the town square. These include summer concerts, farmers’ market, Christmas and winter events including a chili cook off. The North Fair Art House hosts Art Fairs. In 1919 Henry Ford purchased a plant in Northville as part of his vision to decentralize his plants. At the time Northville was a rural community. Northville was growing before this, however. The town grew during the Victorian era and much of the architecture proves this because many homes are Queen Anne style. In honor of the Victorian heritage, the town has a Victorian Festival, now called the Heritage Festival, each year.

Birmingham

7. Birmingham – Gross Income: $170,000 | Median Home: $727,000

Birmingham, Michigan is a wealthy suburb of Detroit located halfway between Detroit and Pontiac. The population is 21,000. The average income of residents is $170,000, and the average cost of a home in the city is $727,000. The beautiful city of Birmingham is filled with parks with a lot of activities including nature trails, sledding hills, playgrounds, golf courses, tennis courts and baseball fields. The town’s central park, Shain Park, is the site of the many outdoor events including concerts, art shows and the Village Fair.

huntington wood

6. Huntington Woods – Gross Income: $130,000 | Median Home: $360,000

Huntington Woods is a small suburb of Detroit. The city has just 1.47 square miles. Half of the land is the Detroit owned Rackham Golf Course. With a population of 6,200, Huntington Woods is called “The City of Homes”. The average income is $130,000, and the average cost of a home in the city is $360,000. This small town is the hometown of actress Kristen Bell.

Grosse Pointe Farms

5. Grosse Pointe Farms – Gross Income: $115,918 | Median Home: $268,500

Grosse Pointe Farms is a northern suburb of Detroit and is the northernmost of the four Grosse Pointe communities. The city is has the most varied topography of the Grosse Pointe communities. The population is 9,400. The average income is $115,918, and the average home value is $268,500. The city has museums and art galleries, shopping and dining. Grosse Pointe Farms is bordered by Lake Claire where there is lots to do including fishing, kayaking and rafting.

Novi

4. Novi – Gross Income: $94,000 | Median Home: $560,000

Novi, Michigan has been ranked as the best city to live in in the state. The northwestern suburb of Detroit is home to mostly families and young professionals. The population is 60,000. The unemployment rate in the city is low. The average income of residents of Novi is $94,000. The median price of a home in the city is $560,000. The quiet community has several restaurants and coffee shops. Fun things to do include visiting Walled Lake and Yates Cider Mill.

Traverse City

3. Traverse City – Gross Income: $60,000 | Median Home: $320,000

Traverse City is located in northern Michigan. It’s beautiful countryside, golf courses, wineries, ski slopes, the beaches of Grand Traverse Bay and Sleeping Bear Dunes National Lakeshore make the city a popular tourist destination with about a half a million visitors each year. The beautiful and peaceful city attracts many retirees. The population is about 15,000 and the average cost of a home is $320,000. The average income of residents is $60,000.

Grosse Pointe Shores

2. Grosse Pointe Shores – Gross Income: $150,000 | Median Home: $400,000

The picturesque town of Grosse Pointe Shores is one of the wealthiest cities in Michigan. Located on Lake Claire just 15 miles northeast of Detroit, the city is home to the longest shoreline of all of the Grosse Pointe communities. The family friendly city has lots to do including dining, shopping, river tours, parks and waterfront. The Detroit Experience Factory is located in Grosse Pointe Shores as well as the Anne Scripps Conservatory and historic mansions including that of Edsel and Eleonore Ford. The population of the city is about 3,000. The average income of residents is $150,000 and the average cost of a home is $400,000.

Bloomfield Hills

1. Bloomfield Hills – Gross Income: $170,000 | Median Home: $580,000

The small town of Bloomfield Hills, a northern suburb of Detroit, is the wealthiest city in the state of Michigan. The population is just under 4,000. The average income is $170,000 and the median house value is $580,000. There are also homes worth millions located in Bloomfield Hills. The town was ranked in the top 20 wealthiest cities in the Midwest. Established in 1820, Bloomfield Hills has many historic sites. It is home to the Cranbrook Education Community and the Cranbrook Academy of Art. The city is the headquarters of several companies including Acme Group, Fairway Products and Great Lakes Filters.


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