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 Top 10 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 (need we say more…) 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.
First off, you need to find a job that pays on average $115,000/year. Might we suggest a job in real estate in our number one richest city? The median home price in this city is $370,000. That’s a lot of MIchigan cheddar, folks
Now, it’s not lost on us that there are multiple cities on our 10 Best Cities to Live in Michigan for 2019 that are also on our richest list. (It’s worth a google.) Wealthy cities tend to have it all.
To see which cities make the dolla’ holla’ on our top 10 Richest Cities in MIchigan for 2019, 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 2019:
- 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)
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 10 Richest Cities in MIchigan for 2019?
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; and obviously, where Michigan’s ‘Richie Rich’ like to hang. The cities also had to have a population of at least 5,000.
Without further adieu, the one city in Michigan where the streets are paved in gold (and sometimes two feet of snow)….that would be Huntington Woods.
To see how your city compared, or what cities made the top 10, take 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 2019
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.
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.
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:
- These Are The 10 Best Places To Retire In Michigan
- 10 Best Places To Raise A Family In Michigan
- 10 Safest Places In Michigan
How Is The Area In ?
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|