Housing costs in Bloomfield Hills?
A typical home costs
$454,700, which is 34.5% more expensive than the national average of
$338,100 and 107.9% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Bloomfield Hills costs
$1,700 per month, which is 18.9% more than the national average of
$1,430 and 35.3% more than the state average of
$1,100.
Can I afford Bloomfield Hills?
To live comfortably in Bloomfield Hills (zip 48304), Michigan, a minimum annual income of
$87,120 for a family, and
$53,600 for a single person is recommended.
What does A.I. say about Bloomfield Hills?
48304 Bloomfield Hills, MI is an affluent suburb in Michigan and the cost of living reflects that. According to Sperling's Best Places Cost of Living Index, the cost of living in Bloomfield Hills is 62.5 points above the U.S. average, making it one of the more expensive places to live. Housing costs are particularly high as median home prices are about $712,000, which is around three times higher than the state average for Michigan. Prices for goods and services also tend to be higher than average due to its upscale population and location near Detroit.