Housing costs in Farmington Hills?
A typical home costs
$341,100, which is 0.9% more expensive than the national average of
$338,100 and 56.0% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Farmington Hills costs
$1,550 per month, which is 8.4% more than the national average of
$1,430 and 29.0% more than the state average of
$1,100.
Can I afford Farmington Hills?
To live comfortably in Farmington Hills, Michigan, a minimum annual income of
$65,520 for a family, and
$48,800 for a single person is recommended.
What does A.I. say about Farmington Hills?
Farmington Hills conveys a unique chance at great value for moderately priced living placed somewhere close by Michigan's Oakland County boasting median housing values arriving around the mid-$300s and rent usually lands near by between $1 - 1.5 thousand depending upon desired amenities - notably higher compared to other places in The Great Lakes State like Detroit or Warren that are situated far farther up northeastward. Groceries similarly stay almost equal with United States levels due largely to local taxes & regulations while sales tax amounts out unaltered at no less than 6%.