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What is the median household income in Farmington Hills MI?
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What is the homeownership rate in Farmington Hills MI?
Census data for Farmington Hills, MI (pop. 82,738), including age, race, sex, income, poverty, marital status, education and more.
Jan 11, 2024 · The median household income in Farmington Hills was $100,994 in 2021, which marked an an increase of 4,505 (4.67%) from $96,489 in 2020. This income is 135.37% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars). By Neilsberg Research. Updated Jan 11, 2024.
The median household income in Farmington Hills, MI in 2022 was $104,593, which was 36.0% greater than the median annual income of $66,986 across the entire state of Michigan. Compared to the median income of $67,493 in 2000 this represents an increase of 35.5%.
Median household income in Farmington Hills, MI is $101,728. In 2022, the place with the highest median household income in Farmington Hills, MI was Census Tract 1684 with a value of $174,375, followed by Census Tract 1688 and Census Tract 1668, with respective values of $172,698 and $157,952.
$104,593 ±$6,987 Median household income. about 20 percent higher than the amount in Oakland County: $90,594 ±$2,073; about 1.5 times the amount in Michigan: $66,986 ±$675
Aug 9, 2024 · Per the latest American Community Survey by the Census Bureau, Farmington Hills sees its highest median household income among householders in the age group of 45 to 64 years old, at $125,530. Overall, the median household income for the city of Farmington Hills stands at $105,924.
The average annual household income in Farmington Hills is $124,925, while the median household income sits at $101,728 per year. Residents aged 25 to 44 earn $113,038, while those between 45 and 64 years old have a median wage of $120,557.
