Cost of living
Grosse Pointe Farms, Michigan
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Grosse Pointe Farms, MI is #94 on the list Top 100 Best Places to Raise a Family in the Midwest in 2023, #86 on the list Top 100 Best Places to Raise a Family in the Midwest in 2022
Cost of living in Grosse Pointe Farms, Michigan
Cost of living compared to USAlow
Cost of living compared to Michiganthe highest
Median household incomethe highest
Is it expensive to live in Grosse Pointe Farms, Michigan? When calculating the cost of living in Grosse Pointe Farms, Michigan we factor in state income tax rates, average housing rental prices, average property values, cost of living index, and more.
The cost of living in Grosse Pointe Farms, Michigan is lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Michigan, while median household income in Grosse Pointe Farms is $140,647 which is the highest Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Michigan.
Taxes in Grosse Pointe Farms, Michigan
The sales tax rate in Grosse Pointe Farms, Michigan is 6.0%. Last year, the average property taxes paid was 2.6% Grosse Pointe Farms, Michigan.
The state income tax in the state of Michigan is 4.25%.
Housing costs in Grosse Pointe Farms, Michigan
The average cost of a single-family home compared to USAhigh
The average cost of a single-family home compared to Michiganthe highest
In Grosse Pointe Farms, Michigan, 94.0% of the population owns their homes, while approximately 6.0% rent. The average cost of a single-family home in Grosse Pointe Farms, Michigan in 2022 is $328,108 which is highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Michigan. The average one-bedroom apartment cost is approximately $1,300 per month.
| Rental Size | Monthly Cost | Compared to Michigan |
|---|---|---|
| 1 Bedroom | $1,300 | the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
| 2 Bedroom | $1,650 | the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
| 3 Bedroom | $2,060 | the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
| 4 Bedroom | $2,220 | the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
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