Housing costs in Farmington Hills?
A typical home costs
$311,600, which is 7.8% less expensive than the national average of
$338,100 and 42.5% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Farmington Hills costs
$1,630 per month, which is 48.2% more than the national average of
$1,100 and 25.2% more than the state average of
$1,220.
Can I afford Farmington Hills?
To live comfortably in Farmington Hills (zip 48334), Michigan, a minimum annual income of
$59,760 for a family, and
$51,200 for a single person is recommended.
What does A.I. say about Farmington Hills?
The cost of living in 48334 Farmington Hills, MI is relatively high compared to other cities in the United States. The median home price in Farmington Hills is $269,000, which is significantly higher than the national median home price of $227,025. Additionally, the cost of basic necessities such as food and transportation are also more expensive than average. Gas prices tend to be on the higher side and groceries can also be quite pricey. Furthermore, entertainment costs such as dining out or going to the movies can be costly. While it may not be the most budget-friendly city to live in, those who call Farmington Hills home enjoy a high quality of life that makes up for its more expensive cost of living.