Huntington Woods, Beverly Hills, Grosse Pointe Farms: These cities aren’t just some of the best places to live in Michigan. They are also home to some of the richest people in the Wolverine State.
Huntington Woods in particular houses the richest residents in the state thanks, in part, to a median household income of $125,873 and a ridiculously low poverty rate of 1.4%.
If you’re thinking of moving to one of these towns, you’ll probably need to start saving. The richest places in Michigan share common characteristics such as having a genius level populous, sky high home prices, and a Pleasantville level of married couples.
How did we come up with these mega wealthy cities? We analyzed Census data from the 2013-2017 American Community Survey for the 149 places in Michigan with more than 5,000 people.
- Huntington Woods (Photos | Homes For Sale)
- Beverly Hills (Photos | Homes For Sale)
- Grosse Pointe Farms (Photos | Homes For Sale)
- Birmingham (Photos | Homes For Sale)
- East Grand Rapids (Photos | Homes For Sale)
- Northville (Photos | Homes For Sale)
- Berkley (Photos | Homes For Sale)
- Novi (Photos | Homes For Sale)
- Grosse Pointe (Photos | Homes For Sale)
- Rochester Hills (Photos | Homes For Sale)
For more on how we calculated the top ten, read on or skip to the end for the full list of the richest cities in Michigan.
Rich people not your cup of tea? Feel free to check out some more reading about Michigan:
How We Determined The Richest Places In Michigan For 2019
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 2013-2017 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 149 places with more than 5,000 people in Michigan, we ranked each place from 1 to 149 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, Huntington Woods, crowned the “Richest City In Michigan For 2019”.
You can learn more about the top ten below or skip to the end to see the rankings for all 149 places.
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.
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.
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.
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.
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 (34 km) northeast of Ann Arbor and 29 miles (47 km) northwest of Detroit.
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.
Novi (/nova/ NOH-vy) 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 (40 km) northwest of the center of Detroit, and about 8 miles (13 km) west of the western border of Detroit. It is about 25 miles (40 km) 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.
Grosse Pointe is a waterfront city adjacent to Detroit in Wayne County in the U.S. state of Michigan. The municipality covers just over one square mile and had a population of 5,421 at the 2010 census. It is bordered on the west by Grosse Pointe Park, on the north by Detroit, on the east by Grosse Pointe Farms, and on the south by Lake Saint Clair. Grosse Pointe is about eight miles (13 km) east of downtown Detroit, accessible by Jefferson Avenue or several other cross streets. Grosse Pointe is one of five similarly named municipalities in northeastern Wayne County, and is often called “The City” or Grosse Pointe City.
Rochester Hills is a city in northeast Oakland County of the U.S. state of Michigan, in the northern outskirts of Metropolitan Detroit area. As of the 2010 census, the city had a total population of 70,995.
There You Have It – The Wealthiest Places In Michigan For 2019
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: Flint
For more Michigan reading, check out:
- 10 Best Places To Raise A Family In Michigan
- These Are The 10 Best Places To Retire In Michigan For 2018
- 10 Safest Places In Michigan
Detailed List Of The Richest Cities In Michigan
|3||Grosse Pointe Farms||6.5|
|5||East Grand Rapids||9.0|
|13||Grosse Pointe Park||19.17|
|24||Grosse Pointe Woods||26.67|
|50||St. Clair Shores||53.0|
|94||Sault Ste. Marie||95.67|