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If you're looking for safe cities and neighborhoods, amazing schools, and high-end shopping, with a bank account to match, you can stop your search. There are cities in on our richest cities in michigan that have these 5-star amenities, and then some. And, yes, they are mainly centralized around Detroit.
To create this list, we asked ourselves, what is important to rich people? Besides the obvious: high paying jobs, affluent neighborhoods, gigantic homes, and Michelin rated restaurants, the cities on our list cater to the 'one percent' on a different level: they are posh, posh. Cities on our list like Grosse Pointe Farms offer beachfront access to Lake St. Clair and cities like Beverly Hills provide upscale golf courses that rival in comparison to Beverly Hills, California.
How does one get their hand on one of these Michigan gems where living your best life requires a boat load of coinage? Well, a couple of things have to fall into place for you. You need to find a job that pays way above average. Might we suggest a job in real estate in our number one richest city? And then you have to find a home with prices in this city close to $350,000. That's a lot of MIchigan cheddar, folks
To see which cities make the dolla' holla' on our top richest cities in Michigan for 2020, grab a bowl of potato pierogies, a nice quiet spot on Lake Michigan, Lake Superior, Lake Ontario, or Lake Erie, and take a look at the list below.
At the end of the day, here's the set of the 10 richest places in Michigan for 2020:
- East Grand Rapids (Photos | Homes For Sale)
- Beverly Hills (Photos | Homes For Sale)
- Northville (Photos | Homes For Sale)
- Birmingham (Photos | Homes For Sale)
- Berkley (Photos | Homes For Sale)
- Grosse Pointe Farms (Photos | Homes For Sale)
- Grosse Pointe Park (Photos | Homes For Sale)
- Novi (Photos | Homes For Sale)
- Plymouth (Photos | Homes For Sale)
- Huntington Woods (Photos | Homes For Sale)
Did we mention that you either have to be the owner the Detroit Lions, in possession of the original Pasty (pronounced paw-sty) recipe, or a member of the DeVos family to live in our top richest cities in MIchigan for 2020?
In all seriousness, we narrowed down the richest cities in the Great Lakes State by looking at several factors: poverty rate, median household income, unemployment rate. The cities also had to have a population of at least 5,000.
What is the richest city in Michigan? Without further adieu, the richest in Michigan would be Huntington Woods.
To see how your city compared, or what cities made the top 10, take a look below.
Rich people not your cup of tea? Feel free to check out some more reading about Michigan:
The 10 Richest Cities In Michigan For 2020
East Grand Rapids is a city in Kent County in the U.S. state of Michigan. The city is located in the Grand Rapids metropolitan area and is located on the shores of Reeds Lake. As of the 2010 census, the city population was 10,694.
Beverly Hills is a village in Southfield Township, Oakland County of the U.S. state of Michigan. It is a suburb of Detroit. As of the 2010 census, the population was 10,267 making it by far the most populous village in the state.
Northville is a city located in and divided by Oakland and Wayne counties in the U.S. state of Michigan. The area is a suburb of Metropolitan Detroit. The population was 5,970 at the 2010 census. Most of the city is in Oakland County and is surrounded by the city of Novi, while the other part is in Wayne County is surrounded by Northville Township. Northville is served by Northville Public Schools. The city is located 21 miles northeast of Ann Arbor and 29 miles northwest of Detroit.
Birmingham is a city on the north side of Metro Detroit in the U.S. state of Michigan. As of the 2010 census, the population was 20,103.
Berkley is a suburb of Detroit located along the Woodward Corridor in southeastern Oakland County, Michigan. As of the 2010 census, the total population was 14,970.
Grosse Pointe Farms is a suburban town bordering Detroit located in Wayne County in the U.S. state of Michigan. The population was 9,479 at the 2010 census. It is bordered by Canada and Lake Saint Clair on the south and east, Grosse Pointe on the west, Detroit on the north, and Grosse Pointe Woods and Grosse Pointe Shores on the northeast. Lakeshore Drive begins in Grosse Pointe Farms, where, just east of Fisher Road, the eastbound driver or pedestrian on Jefferson Avenue descends to lake level, following the curvature of the lakefront to the northeast.
Grosse Pointe Park is a city in Wayne County in the U.S. state of Michigan. The population was 11,555 at the 2010 census. Bordering on Detroit with frontage on southern Lake Saint Clair, it is the westernmost of the noted Grosse Pointe suburbs, with the oldest overall housing stock of the five cities. Grosse Pointe Park is 6 miles east of downtown Detroit and thus is home to many who commute to the city on a daily basis. The area is often referred to simply as 'GPP' or "The Park". Many locals call the area from Alter Road to Nottingham in between Jefferson Avenue and Mack Avenue the Cabbage Patch, due to how the duplex style houses are closer together than the rest of the city.
Novi is a city in Oakland County in the U.S. state of Michigan. As of the 2010 census, the population was 55,224, an increase over the 2000 census count of 47,386. The city is located approximately 25 miles northwest of the center of Detroit, and about 8 miles west of the western border of Detroit. It is about 25 miles northeast of the center of Ann Arbor. The city is located within the boundaries of the survey township of Novi Township. The remaining unincorporated township is only a tiny fraction surrounded by the city.
Plymouth is a city in Wayne County in the U.S. state of Michigan. The population was 9,132 at the 2010 census. The City of Plymouth is entirely surrounded by the Charter Township of Plymouth.
How We Determined The Richest Places In Michigan For 2020
The first thing that comes to most people's minds when they think about determining the richest places is to simply identify personal incomes. After all, rich people have really high salaries.
However, we don't believe that one statistic wholly encompasses what it means to be one of the "richest places". So we looked at this set of criteria from the newly released 2014-2018 American Community Survey:
- Poverty Level
- Median Household Income
- Unemployment Rate
Median household income is the most digestible way to understand how rich a place really is. The unemployment rate tries to capture the prospects for more people to become rich. If more people are employed, the richer the future looks.
After we collected the data for all 148 places with more than 5,000 people in Michigan, we ranked each place from 1 to 148 for each of the criteria, with 1 being the richest.
We then averaged all the rankings for a place into a "Rich Score" with the place having the lowest overall Rich Score, East Grand Rapids, crowned the "Richest City In Michigan For 2020". You can download the data here.
You can learn more about the top ten below or skip to the end to see the rankings for all 148 places.
There You Have It - The Wealthiest Places In Michigan For 2020
Like we said earlier, when we set out to identify the richest places in Michigan, we weren't sure what we'd encounter, but it ended up being some of the best places to live in Michigan.
When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there.
If you're curious enough, here are the poorest cities in Michigan, according to data:
Poorest: Highland Park
2nd Poorest: Benton Harbor
3rd Poorest: River Rouge
For more Michigan reading, check out:
- Best Places To Retire In Michigan
- Best Places To Raise A Family In Michigan
- Cheapest Places To Live In Michigan
Detailed List Of The Richest Cities In Michigan
|1||East Grand Rapids||5.33|
|6||Grosse Pointe Farms||11.33|
|7||Grosse Pointe Park||13.67|
|11||Grosse Pointe Woods||16.33|
|52||St. Clair Shores||55.0|