Farmington Hills, MI is a vibrant community located in Oakland County with an estimated population of 81,982. Those looking to live in Farmington Hills can expect to pay around $1,650 for a two bedroom rental. This is slightly higher than the US average of $1,430. Grocery costs are comparable between Farmington Hills and the rest of the country at 100.
Farmington Hills is home to many companies such as Challenge Manufacturing, Systemax Inc., and OnStaff USA who provide plentiful employment opportunities for residents. In addition to businesses, there are plenty of places to visit and explore in Farmington Hills. For those interested in outdoor activities, Heritage Park features several walking trails and a pond for fishing or canoeing. The Costick Activity Center offers fitness classes and a variety of sports leagues year-round. Finally, shoppers can find great deals at Twelve Oaks Mall which has over 170 stores and restaurants.
Farmington Hills (zip 48335) has an unemployment rate of 2.3%. The US average is 6.0%.
Farmington Hills (zip 48335) has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 39.0%, which is higher than the US average of 33.5%.
Tax Rates for Farmington Hills (zip 48335)
- The Sales Tax Rate for Farmington Hills (zip 48335) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Farmington Hills (zip 48335) is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Farmington Hills (zip 48335)
- The average income of a Farmington Hills (zip 48335) resident is $41,043 a year. The US average is $28,555 a year.
- The Median household income of a Farmington Hills (zip 48335) resident is $89,859 a year. The US average is $69,021 a year.