Farmington Hills, Michigan Median Income

Farmington Hills, Michigan has a population of 83,200, with a median household income of $68,200.

Current median income data for Farmington Hills.

$68,200

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Population

83,200

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Median Income

$68,200

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Unemployment

5.10%

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Housing Price

$266,000

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Crime Rate

4.70

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Internet Speed

296.00 Mbps

Farmington Hills is a smaller urban community located in Michigan. The city has a population that is above the average city population in Michigan, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Farmington Hills, located in Michigan, is a city that reflects important demographic and economic patterns within the region.

Population Overview

Farmington Hills has a population of 83,200, which is higher than the state average. This indicates a relatively larger urban presence within Michigan.

Income and Economy

The median household income in Farmington Hills is $68,200, which is above the state average. This reflects stronger earning potential and economic stability.

Housing Market

Housing prices in Farmington Hills average around $266,000, which is relatively high compared to other cities in Michigan.

Employment and Safety

The unemployment rate in Farmington Hills is 5.10%, which is lower than the state average, indicating a relatively strong job market. Farmington Hills has a lower crime rate than the state average, contributing to a relatively safer living environment.

City Comparison

Compared to other cities in Michigan, Farmington Hills shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

As part of Michigan, Farmington Hills contributes to the broader economic and social landscape, offering insights into regional development.

Frequently Asked Questions about Farmington Hills

What is the population of Farmington Hills?

The population of Farmington Hills is approximately 83,200.

Is Farmington Hills a good place to live?

Farmington Hills offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Farmington Hills?

The median household income in Farmington Hills is around $68,200.

How expensive is housing in Farmington Hills?

The average housing price in Farmington Hills is approximately $266,000.