The richest cities in the world can surely be found in America. There is little doubt about it.
On the eastern and western coast of America, can be found the wealthiest cities. These places are home to the highest-paid jobs as well as world-class amenities available here be it the richest schools or colleges or offices.
It is not surprising that Michigan, one of the largest States of the United States, will be home to some of the wealthiest cities in America.
Michigan is a great place to live, work and raise a family. It has many wonderful things going for it. The cost of living is lower than in most other states, making it easier for people who want to settle down and raise kids there.
Now let us look at the Richest Cities in Michigan.
Richest Cities in Michigan
The richest cities in Michigan are some of the best places to live in the state. They have great schools, low crime, and everything you need to raise a family.
There are many opportunities for jobs and success. These cities have a high median household income and a low cost of living.
1. Bloomfield Hills
Bloomfield Hills is one of the wealthiest cities in Michigan with a median household income of $178,895 USD. That’s nearly three times the state average of $59,585 USD.
In addition to earning more money, people who live in Bloomfield Hills spend less on everyday expenses. The median house price in Bloomfield Hills is $599,900 USD which is about two times higher than the state average.
However, homeowners here pay an average of $1,182 per month for their mortgage compared to the state average of $1,390.
A large portion of Bloomfield Hills residents work in finance, insurance, and real estate industries, or have managerial positions in other fields.
The average commute for workers is about 27 minutes which saves the cost of gas.
2. Grosse Pointe Shores
With a household income of $161,944 USD, Grosse Pointe Shores is one of the wealthiest cities in Michigan with a median household income higher than 95.0% of the other cities in the state.
Grosse Pointe Shores has the second-highest household income in Michigan, behind only Bloomfield Hills.
Grosse Pointe Shores has a median property value of $733,364 USD and a homeownership rate of 93.3%. The average rent for the city is about $1,182 USD per month.
The community is predominantly residential, with many homes on the shores of Lake St. Clair.
The community’s most prominent feature is its mile-long “Shores Drive” along Lake St. Clair, which passes by Windmill Point Park and St. John’s Episcopal Church, an 1871 church that has been listed on the National Register of Historic Places since 1973.
3. Grosse Pointe Farms
Grosse Pointe Farms is one of the wealthiest cities in Michigan with a median income of $143,712 USD and an average home price of $535,000 USD.
The Grosse Pointes are five adjacent cities on the shore of Lake St. Clair.
The area is known for its historic architecture and waterfront views. Residents also have access to several parks and a number of public beaches.
The city’s residents are highly educated; about 61.5 percent have at least a bachelor’s degree and 81 percent of them work in management or professional occupations which helps them earn a decent income.
4.East Grand Rapids
East Grand Rapids is one of the wealthiest cities in Michigan with a median household income of $135,632 USD. A high percentage of residents own their homes and have lived there for over five years.
The city is home to several parks as well as an ice arena, a beach, and a dog park. East Grand Rapids is home to many prominent business leaders and politicians including Peter Secchia and Amway chairman Steve Van Andel.
The city has many high-end homes and large estates, notably along the shorelines of Reeds Lake and Fisk Lake. Many young professionals and families live in East Grand Rapids.
A central feature of East Grand Rapids’ economy is Gaslight Village which contains a mixture of upscale restaurants and retail shops.
5. Huntington Woods
Huntington Woods is one of the wealthiest cities in Michigan with a median household income of $136,332 USD.
The families here have an average household size of 2.5 people and spend an average of $1,329 USD per month on housing costs.
This is a very diverse community with about 60 percent of the population identifying as Caucasian, 36 percent as African American, and 14 percent as Hispanic or Latino.
6. Beverly Hills
Beverly Hills is one of the wealthiest cities in Michigan with a median income of $129,196 USD per household.
An average home in Beverly Hills costs about $4.8 million, and there are only a few rental properties in the city.
Residents must be at least 50 years old to live in Beverly Hills, and all homes are owned by senior citizens, according to city law.
The city boasts parks and golf courses, but residents aren’t allowed to have pets.
Birmingham is one of the richest cities in Michigan with a cost of living index of 139.6 and a median household income of $122,804.
Its downtown area has four distinct neighborhoods: Birmingham Shopping District, South Old Woodward, North Old Woodward, and East Maple Road.
The variety of shops and restaurants in Birmingham attracts visitors from across southeast Michigan.
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Northville is one of the wealthiest cities in Michigan with a median family income of $114,346. The city, which is located in Oakland County, has a population of just nearly 10,000.
The concentration of young professionals makes Northville an ideal place for recent college graduates, who can enjoy the many bars, restaurants, and coffee shops in town.
So these are some of the richest cities in Michigan. Thank you for reading this article and do add your thoughts below!
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