Welcome to the land of the 1%. Where you’ll find lawyers, and doctors, and business executives. And while they probably aren’t made of ticky tacky, they are definitely made of money.
These are the wealthiest neighborhoods that Detroit has to offer. Where houses go for over 1.64x the national median and household incomes are 2.48x the national median.
But where exactly in Detroit do the richest of the rich people live? That would be Palmer Woods where the median income is a cool $130,959.
Here’s a look at the top 10 richest neighborhoods in Detroit out of 92 for 2018:
- Palmer Woods (Homes)
- Sherwood Forest (Homes)
- University District (Homes)
- Detroit Golf (Homes)
- North Rosedale Park (Homes)
- Indian Village (Homes)
- Rosedale Park (Homes)
- Eliza Howell (Homes)
- Grandmont (Homes)
- West Side Industrial (Homes)
Summing up the median income of those 10 neighborhoods adds up to $758,357. And that my friend, is more 0s than most of us will see in our bank account for a long, long time — if we ever get that lucky.
Continue on to find where your neighborhood ranks amongst the richest in Detroit.
How We Determined The Most Well To Do Neighborhoods In Detroit For 2018
Every city has it’s best neighborhoods — where everyone wants to live — and the worst neighborhoods — where no one wants to live.
And then you have the wealthiest neighborhoods, where no one can afford to live.
And by no one, we really mean you because there’s always someone richer than you.
How do you quantify richer than you? We looked at one simple criterion:
Which neighborhoods have the highest median income?
We ranked every neighborhood in Detroit by median income from highest to lowest. The neighborhood with the highest median income, Palmer Woods, was named the richest neighborhood in Detroit.
The poorest neighborhood? That would be Jefferies.
Now a look at how all the neighborhoods in Detroit ranked.
For more Michigan reading, check out:
Detailed List Of The Richest Neighborhoods In Detroit For 2018
|Rank||Neighborhood||Median Household Income|
|5||North Rosedale Park||$70,326|
|10||West Side Industrial||$47,449|
|21||East English Village||$37,743|
|49||Lasalle College Park||$27,035|
|54||Eight Mile Wyoming||$25,865|
|65||Conner Creek Ind||$23,626|
|89||State Fair Grounds||$14,503|