Michigan (Great Lakes State) is known for its diverse economy and rich cultural history. Its cities boast impressive wealth, with thriving industries and an ever-growing population of successful individuals.
This guide will explore the wealthiest cities in Michigan that stand out among the rest for their exceptional affluence and opulence.
We will provide valuable insight into each city’s economic strengths, and key industries responsible for generating such immense prosperity, as well as highlighting unique aspects that make these places truly desirable destinations.
From bustling urban centers to serene suburban communities, our list of Michigan’s richest cities caters to various tastes and preferences.
So let us embark on a journey through the state’s most affluent regions and delve deeper into what sets them apart from the rest – revealing information you won’t want to miss!
12 Richest Cities in Michigan
Here are the 12 most affluent places in Michigan
12. Grosse Pointe Park
Grosse Pointe Park is one of the wealthiest cities in Michigan and boasts a luxurious lifestyle and opulent surroundings that cater to high-income residents.
Located just outside of Detroit, this affluent community offers an upscale living experience with beautiful waterfront properties and highly sought-after real estate markets.
The median household income in Grosse Pointe Park is approximately $123,859 as reported by the US Census Bureau, reflecting its reputation as a wealth creation hotspot in the state. Its population of around 11,000 residents appreciates low crime rates and prestigious neighborhoods with top-ranked schools.
This exclusive residential area also offers access to high-end shopping districts within close proximity for those who enjoy indulging in extravagant retail experiences.
With several prosperous industries driving economic growth in the region, Grosse Pointe Park presents ample job opportunities for well-off professionals seeking an elevated quality of life.
11. Lathrup Village
Lathrup Village is an affluent community in Michigan located in Oakland County, it is known for its luxury amenities and high-income residents. This city boasts a median household income of around $97,083 according to Data USA, making it one of the richest cities in Michigan.
Lathrup Village has a relatively small population of approximately 4,098 people according to Michigan Demographics by CUBIT, which contributes to its close-knit atmosphere and exclusive residential areas.
Real estate in Lathrup Village can be quite expensive due to the high demand for luxurious properties. The median home value stands at around $313,103 per Zillow insights.
This cost is justified by the excellent schools and safe neighborhoods available within this prestigious community. In fact, AreaVibes rates Lathrup Village’s crime rate as 67% which is significantly lower than the national average.
10. Lake Angelus
Lake Angelus, an idyllic city in Oakland County, is considered one of the wealthiest cities in Michigan due to its impressive real estate market and high-income households.
This exclusive community features lavish lakefront properties that attract high-net-worth individuals seeking serenity and opulence. With a median household income surpassing $186,842 per Forbes, Lake Angelus showcases the financial success of its approximately 293 residents.
In addition to luxury living, the city offers various benefits such as well-regarded schools and top-notch amenities accessible within nearby towns.
The low crime rate of 17% lower than the national average, further enhances the appeal of this high-end residential area for those who value safety and security. Employment opportunities abound thanks to several prominent industries fueling economic growth in adjacent communities.
9. Grosse Pointe
Grosse Pointe, one of Michigan’s most affluent communities, is widely recognized for its luxurious living and opulent lifestyle. Nestled along the shores of Lake St. Clair, this prestigious community boasts a population of around 10,148 residents according to the United States Census Bureau.
Home to many high-net-worth individuals, Grosse Pointe offers extravagant estates with an average home value of $421,780 per Zillow. The median household income in this city stands at an impressive $108,065 per year according to Data USA, allowing families to enjoy a comfortable standard of living.
The city is not only popular for its exclusive residential areas but also for its top-rated schools and upscale neighborhoods. Safety is a priority in Grosse Pointe as well; it has a 40 lower crime rate compared to the national average based on the NeighborhoodScout report.
Economic strengths within this community include proximity to Detroit and thriving local businesses that drive wealth creation. Residents can indulge in high-end shopping districts and luxury amenities within the town while benefiting from various job opportunities available in nearby cities.
8. Grosse Pointe Shores
Grosse Pointe Shores, located along the picturesque coastline of Lake St. Clair, is another wealthy city in Michigan known for its high-income areas and economic prosperity.
With a small population of approximately 2,556 residents per World Population Review, the city offers an intimate and tight-knit community experience.
According to Zillow, Grosse Pointe Shores has a median home value of $667,346, reflecting its position as one of Michigan’s most expensive real estate markets.
The city’s median household income stands at an impressive $155,417 per year per Name Census, making it one of the top-earning cities in MI.
This affluence can be attributed to various industries driving wealth within the community and access to lucrative job opportunities in nearby Detroit.
Safety is paramount in this exclusive enclave; crime rates are significantly lower than national averages. The stunning locale provides residents with luxury amenities such as high-end shopping districts and exquisite dining experiences.
7. Rochester Hills
Rochester Hills, a thriving city in Michigan, is among the richest places in the state known for its high-income areas and luxury living. It has an estimated population of around 76,308 residents per the US Census Bureau, offering a sublime blend of small-town charm and urban amenities.
The median home value in this upscale neighborhood stands at $419,671 per Zillow, showcasing Rochester Hills as one of Michigan’s prime real estate markets.
Median household income in this prosperous community stands at $106,398 per year according to US Census Bureau, solidifying its status as a well-off community near Detroit.
A wealth creation hotspot, job opportunities within the richest locations such as technology and education contribute to the city’s impressive economic strengths.
Safety remains a priority for Rochester Hills’ residents; crime rates here are 74% lower than national averages per AreaVibes. Excellent schools and family-friendly neighborhoods abound, making it an ideal place to live for high-earners with children. class
6. Bloomfield Hills
Bloomfield Hills, one of the most affluent areas in Michigan, is a testament to luxury living within the state. This upscale suburb of Detroit boasts a population of about 4,393 residents per Niche.com and has consistently been ranked among the wealthiest cities in MI.
The median household income in Bloomfield Hills stands at an impressive $177,614 according to Data USA, significantly higher compared to the national average.
Home prices in this prestigious community reflect its exclusive residential status as the median home value is approximately $575,444 per Zillow data.
Bloomfield Hills offers great job opportunities with top industries driving affluence such as automotive manufacturing and healthcare. It’s not only known for its economic strengths but also for its low crime rates and high-end shopping districts that attract high-net-worth individuals seeking opulent lifestyles.
Novi, one of the richest cities in Michigan, offers luxury living and ample job opportunities to its residents. Known for its upscale neighborhoods and high-net-worth individuals, this city attracts those seeking an opulent lifestyle.
According to Census Bureau, Novi’s median household income is around $100,311, considerably higher than the national average. The city’s population of over 66,243 enjoys access to excellent schools and prestigious communities.
Home prices in Novi reflect its affluence; the median home value is approximately $430,439 based on Zillow data. Residents have access to high-end shopping districts that cater to their sophisticated tastes.
The low crime rate of 66% lower than the national average, makes it a safe place for families while providing an attractive environment for businesses looking to invest in Michigan’s wealth creation hotspots.
With thriving industries such as automotive and technology driving growth in this prosperous city, Novi remains one of the best places to live for high-earners seeking a luxurious experience.
4. Grosse Pointe Farms
Grosse Pointe Farms, located on the shores of Lake St. Clair, is one of the most affluent communities in Michigan. Known for its picturesque landscapes, this prosperous city offers a luxury living experience to its residents.
With an estimated population of around 10,149 according to US Census Bureau, Grosse Pointe Farms ranks high among the wealthiest cities in Michigan with a median household income of approximately $146,667 according to U.S. Census Bureau.
This opulent locale attracts high-net-worth individuals seeking prestigious communities and top-notch amenities. The real estate market boasts luxurious homes with an average home value of about $449,851 according to Zillow.
Safety is also a significant concern for those considering relocating to wealthy areas; Grosse Pointe Farms has a crime rate index of 62 compared to national and state levels per NeighborhoodScout.
3. East Grand Rapids
East Grand Rapids, one of the wealthiest cities in Michigan, is known for its opulent lifestyle and high-income areas. With a population of approximately 11,382 residents per Census Bureau, this prestigious community caters to high-net-worth individuals seeking an exclusive residential experience.
The median household income in East Grand Rapids is impressive at $145,000 as indicated by U.S. Census Bureau, while the median home value stands at around $578,999 according to Zillow.
Its upscale neighborhoods offer residents access to luxury amenities such as top-rated schools like East Grand Rapids High School which boasts excellent academic performance.
Northville, number two on our list of wealthiest cities in Michigan, is a prosperous suburban city located in both Wayne and Oakland counties. This upscale neighborhood offers luxury living with an impressive median household income of $132,568 according to the US Census Bureau.
The high-income area has a population of approximately 6,120 residents and boasts excellent schools which serve as one of the prime features for well-off families seeking top education opportunities.
Real estate prices are significantly high in this community; Zillow reports that the median home value is around $514,371. The city’s low crime rate further enhances its reputation as one of the safest and most sought-after residential areas in Michigan.
1. Huntington Woods
Huntington Woods is Michigan’s wealthiest city that offers luxury living with a perfect blend of impressive homes and top-notch amenities.
Nestled in Oakland County, this affluent community has become highly desirable for high-income individuals and families seeking an opulent lifestyle.
According to the Census Bureau, the median household income stands at an astounding $157,665, making it one of the highest-earning cities in MI. The real estate market is equally prosperous as the median home value is estimated at $479,000 per Realtor.
Huntington Woods prides itself on its safety, boasting a low crime rate of 84% lower than the national average which adds to its attractiveness among well-off residents.
High-end shopping districts and prestigious schools further elevate this exclusive residential area as a prime choice for upscale living.