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Top 10 Richest Cities in Michigan in 2024

There are several wealthy cities in Michigan, each with its own special mix of opulence, natural beauty, and excellent standard of living. Bloomfield Hills, known for its lavish houses, highly regarded schools, and wealthy citizens, is at the top of the list. Cities like Grosse Pointe Shores, renowned for its gorgeous beachfront residences and upmarket facilities, and Birmingham, with its energetic downtown, follow closely behind. Along with having high median household incomes, these cities are known for their stunning scenery, top-notch educational systems, and vibrant cultural scenes. Taken as a whole, they stand for the height of affluence and culture in the Great Lakes State.

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List of the Top 10 Richest Cities in Michigan

  1. Birmingham
  2. Grosse Pointe Farms
  3. Beverly Hills
  4. Northville
  5. Huntington Woods
  6. East Grand Rapids
  7. West Bloomfield
  8. Plymouth
  9. Novi
  10. Traverse City

1. Birmingham

Birmingham is the wealthiest city in Michigan, with an average house price of $650,000 and a per capita income of almost $95,000. This vibrant, kid-friendly community is a suburb of Detroit, located around thirty minutes from the city center. Birmingham, home to over 22,000 people, draws a varied mix of people interested in dining, shopping, and all things related to urban living. 

Birmingham, Michigan, has an amazing standard of living that is defined by its thriving downtown, well-regarded educational institutions, and opulent residences. There are plenty of boutiques, excellent eating businesses, and cultural institutions, offering residents a combination of suburban familiarity and urban elegance. The city’s recreational centers and well-kept parks offer many outdoor activity options, encouraging an active and healthy lifestyle. 

Birmingham’s low crime rate, strong sense of community, and first-quality public services all contribute to its allure. Birmingham is a great city for professionals and families looking for a good standard of living because of its close proximity to important corporate centers and easy access to transit.

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2. Grosse Pointe Farms

Grosse Pointe Farms is also one of the wealthiest cities in Michigan. Detroit has five Grosse Pointes, all of which are located next to one another on Lake Saint Clair. Especially popular with young families is Grosse Pointe Farms, which is located in the center of this microplex. Well-educated locals gravitate to this upscale neighborhood for its waterfront vistas, historic buildings, and convenient commute to the city center. The region’s average house price is around $478k, although the per capita income of the city is almost $81,000.

Grosse Pointe Farms, Michigan, combines lavish living with breathtaking scenery and a vibrant sense of community to provide outstanding value. This wealthy neighborhood, which is well-known for its exquisite mansions and gorgeous waterfront vistas along Lake St. Clair offers residents first-rate public services and well-regarded educational opportunities. 

The neighborhood has a vibrant cultural environment with boutique shopping, great eating, and local artists. There are plenty of recreational options, including golf courses, yacht clubs, and lovely parks. Its well-kept communities and low crime rate make it even more desirable. Michigan’s Grosse Pointe Farms is a neighborhood unlike any other because of its exceptional blend of distinction, convenience, and quality of life.

3. Beverly Hills

Retirees with affluence will love Beverly Hills, one of the richest communities in Michigan. Roughly 11,000 people live in this neighborhood, which is 5 miles north of Detroit and is primarily home to elderly individuals. Anyone looking to buy a house in this well-kept neighborhood must be at least fifty years old and pet-free, according to municipal legislation. Even though the city is small, there are plenty of parks, walking paths, basketball courts, golf courses, and other recreational facilities to keep people busy. 

The ideal neighborhood for affluent people looking for a peaceful spot to spend their golden years is Beverly Hills, which has a per capita income of $71k and an average home price of $509k. 

Beverly Hills, Michigan, is a compact, wealthy Oakland County suburb renowned for its lovely neighborhoods, top-notch schools, and high standard of living. Though not as well-known as Beverly Hills, California, it has been home to a number of well-known people, especially those associated with the Detroit metropolitan region and the motor vehicle sector.

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4. Northville

Northville is another one of Michigan’s most demanding and richest cities. Rolling hills, little lakes, and lovely local green areas can be found in this area, which is well-known for its abundance of natural beauty and is ideal for those who enjoy the outdoors. There are just 6,074 residents in the city, which contributes to its small-town charm and increases competition in the local real estate market. The average property value in Northville is $543k, putting it among the most expensive in the state due to its beautiful Victorian-era architecture and well-maintained surroundings. It has per capita income of $70,463.

Northville, Michigan, is known for its wonderful historic downtown, top-notch educational system, and vibrant sense of community. It also provides an extraordinary standard of living. There are lots of shops, dining options, and cultural events for the locals to enjoy, along with a charming small-town feel and contemporary conveniences. 

The city encourages an active and healthy lifestyle with its lovely parks, recreational centers, and picturesque paths. Northville is the perfect spot for families and professionals because of its well-kept public areas, safe neighborhoods, and welcoming attitude. Its handy position close to commercial districts and major roads makes it simple to access job opportunities while preserving its peaceful suburban setting.

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5. Huntington Woods

Huntington Wood is another one of Michigan’s wealthiest towns and a popular choice for many. With about 2,364 single-family homes spread across 1.49 square miles, this city is well-known for its profusion of them. Due to the abundance of available housing, Huntington Woods has been dubbed the “City of Homes” and is regarded as one of the best areas in all of Michigan to reside. Huntington Woods is, all things considered, a well-rounded place to live, with a high per capita income, peak average housing prices, and a crime rate that is less than half that of the state. It has per capita income of $70,428.

Many of the quaint, well-preserved homes in Huntington Woods have unique architecture from the 1920s and 1930s. Upon its incorporation as a village in 1926 and subsequently as a city in 1932, it emerged as a coveted suburb catering to the expanding middle and upper classes of Detroit. Due to its closeness to Detroit and a strong sense of community, Huntington Woods is a highly sought-after, historically significant residential neighborhood.

6. East Grand Rapids

East Grand Rapids is growing and is one of the wealthiest cities in Michigan. Situated just a short distance from Grand Rapids’ downtown, this community has consistently made an appearance on lists of “America’s Best Places to Live” over the years. About 11,389 people are living there, and they choose the neighborhood because of its well-kept houses, commercial areas, and plenty of nearby restaurants, retail stores, and entertainment options. There are also a number of parks and green areas in the neighborhood, such as Reeds Lake and John Collins Park, along with the walking routes that surround them. 

This is an affluent location with plenty to offer, with typical home prices of $604k and a per capita income of around $67k.

The rich history of East Grand Rapids, Michigan, dates back to the late 1800s. The region was inhabited in the 1830s and became a residential neighborhood in the early 1900s. It was once a part of Grand Rapids Township. East Grand Rapids, which was incorporated as a town in 1891 and then again as a city in 1926, gained recognition for its charming homes and shoreline along Reeds Lake. 

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7. West Bloomfield

West Bloomfield, which is home to a sizable community of around 66,000 people, is a preferred option for wealthy families. West Bloomfield, which is a part of Oakland County’s Lakes Area, is known for its high-end retail malls, exclusive country clubs, and many lakes. It is ideal for families because it is among the safest areas of Michigan to reside. The region is also home to several of the state’s top educational districts. 

West Bloomfield’s high average per capita income and property values make it obvious why the area is a center of wealth. It has per capita income of $59,369.

After being inhabited in the 1820s, the region was formerly a part of Bloomfield Township and evolved into a rural town. With a name that reflected the picturesque surroundings, it was established as a charter township in 1833. The township underwent a phase of expansion and renovation, culminating in its incorporation as a city in 2001.

West Bloomfield is renowned for its elegant residential areas, parks, and lovely lakes. Its history is characterized by an effort to maintain the area’s natural beauty while allowing for suburban development, which makes it a popular choice for professionals and families.

8. Plymouth

Plymouth is not only one of the wealthiest communities in Michigan, but it’s also one of the greatest areas to call home. This city is well-known for its thriving downtown, a diverse range of neighborhood parks, and rich historical background. Because of its convenient location between Ann Arbor and Detroit, it is a well-liked option for commuters. 

The University of Michigan Wolverines, which provides residents with an interesting array of athletic events, art galleries, and natural history exhibitions, is also located in Plymouth. Plymouth continues to be an affluent area of Michigan because of its high per capita income and housing prices, which are among the highest in the state.

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9. Novi

Novi is a rich city in Michigan, with over 67,000 people living there. The population of the city is expanding at one of Michigan’s quickest rates. Numerous lakes, golf courses, walking paths, and other outdoor activities make the region well-liked. Maybury State Park, which is composed of around 1,000 acres of natural flora and animals, is the city’s principal local attraction. Novi, with some of the highest per capita income rates and property prices in the state, is guaranteed to make an impression on anyone looking for a posh neighborhood with a relaxed vibe. 

Novi, Michigan, has a long and rich past that dates back to the early 1800s. When it was first settled in 1825, the early settlers called it Novi, New York. The region was recognized for its rustic charm and agricultural heritage when it was a part of Novi Township. When Novi became a city in 1969, it was a reflection of its development from a rural settlement to a bustling suburban center. 

10. Traverse City

Traverse City is also one of the wealthiest communities in northern Michigan. This neighborhood is a center for thriving businesses, exciting nightlife, and outdoor leisure. Local boutiques, bookshops, pubs, and farm-to-table eateries abound in the city core. The city’s environs are home to a number of yearly events, golf courses, vineyards, distilleries producing hard cider, and lakeside retreats. This town is for the rich despite having a lower per capita income than other places on our list due to its high average property prices. 

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Conclusion

The richest communities in Michigan, such as Grosse Pointe Shores, Bloomfield Hills, and Birmingham, are prime examples of the state’s best living conditions. These rich neighborhoods include opulent mansions, excellent educational options, and remarkable median household incomes. Their scenic splendor, ranging from the undulating vistas of Grosse Pointe Shores to the rolling hills of Bloomfield Hills, contributes to their appeal. A vibrant cultural scene, first-rate amenities, and a strong sense of community are enjoyed by the locals. Families looking for ease and comfort mix well with accomplished professionals and business executives who frequent these cities. In conclusion, Michigan’s wealthiest communities combine luxury, scenic beauty, and a vibrant sense of community to create a unique quality of life that sets them apart from other places in the state.

CityPopulationPer Capita IncomeAverage Home Price
Birmingham21,755
$95,220
$644,650
Grosse Pointe Farms
10,004
$80,610
$478,046
Beverly Hills
10,521
$71,488
$508,506
Northville
6,074
$70,463
$542,909
Huntington Woods
6,326
$70,428
$461,103
East Grand Rapids
11,389
$67,115
$603,862
West Bloomfield
65,560$59,369
$417,432
Plymouth
9,313
$58,931
$426,871
Novi66,560
$55,807
$447,475
Traverse City
15,559$41,461
$438,752

FAQs

In What Part of Michigan Do the Millionaires Live?

Birmingham, Beverly Hills, and Grosse Pointe Farms are the wealthiest cities in Michigan where millionaires live.

Which American City has the Most Money?

With around 350,000 millionaires and 60 billionaires, New York is still the richest metropolis in the world.

Where do the Majority of US Millionaires Reside?

According to a Henley & Partners wealth estimate, there are around 5.5 million millionaires in the United States. Naturally, the most millionaires are found in New York City.

Is Michigan an Ideal Place to Move to?

Michigan has a lot to offer potential residents, including outstanding educational opportunities, a thriving arts and entertainment scene, stunning natural settings, a robust economy, cheap real estate, and a rich cultural legacy.

Oleksandra Mamchii

Working as a academic lead at Best Diplomats.

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