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Farmington Hills, Michigan

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
83,515
Population
$104,836
Median Income
$354,500
Home Value
42.6
Median Age

Demographics

Farmington Hills has a population of 83,515 with a median age of 42.6. Here is the racial and ethnic breakdown of the population:

White
59.7%
Black
18.3%
Asian
14.0%
Other
5.4%
Hispanic
2.6%
Demographic Value
Total Population83,515
Median Age42.6
White59.7%
Black or African American18.3%
Asian14.0%
Hispanic or Latino2.6%
Other / Two or More Races5.4%
Farmington Hills, Michigan — racial composition (Census ACS 2024)Donut chart of 5 segments totaling 100.White: 59.7%Black: 18.3%Asian: 14.0%Other: 5.4%Hispanic/Latino: 2.6%83,515PopulationWhiteWhite59.7%BlackBlack18.3%AsianAsian14.0%OtherOther5.4%Hispanic/LatinoHispanic/Latino2.6%

Income & Economy

The median household income in Farmington Hills is $104,836, which is 30.1% above the national median of $80,610. The per capita income is $56,976. The poverty rate is 7.6%.

$104,836
Median Household Income
$56,976
Per Capita Income
7.6%
Poverty Rate

Employment

The unemployment rate in Farmington Hills is 3.8%, compared to the national rate of 4.1%.

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Education

In Farmington Hills, 96.0% of residents age 25+ have a high school diploma or higher, and 57.6% hold a bachelor's degree or higher (27.5% with a graduate or professional degree).

HS Diploma+
96.0%
Bachelor's+
57.6%
Graduate+
27.5%
Education Level % of Adults (25+)
High School Diploma or Higher96.0%
Bachelor's Degree or Higher57.6%
Graduate or Professional Degree27.5%

Housing

The median home value in Farmington Hills is $354,500, above the national median of $303,400. The median monthly rent is $1,551. The homeownership rate is 64.7%.

$354,500
Median Home Value
$1,551/mo
Median Rent
64.7%
Homeownership Rate
Housing Metric Value
Median Home Value$354,500
Median Monthly Rent$1,551
Homeownership Rate64.7%
Vacancy Rate6.8%

Salaries in Michigan

Explore salary data for popular occupations in Michigan:

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Other Cities in Michigan

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Frequently Asked Questions

What is the population of Farmington Hills, Michigan?
The population of Farmington Hills, Michigan is 83,515 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Farmington Hills, Michigan?
The median household income in Farmington Hills, Michigan is $104,836. This is 30.1% above the national median of $80,610.
What is the median home value in Farmington Hills, Michigan?
The median home value in Farmington Hills, Michigan is $354,500. The median monthly rent is $1,551.
What percentage of people in Farmington Hills have a college degree?
In Farmington Hills, Michigan, 57.6% of adults age 25 and older hold a bachelor's degree or higher, and 96.0% have a high school diploma or higher.
Is Farmington Hills, Michigan an affordable place to live?
The home price-to-income ratio in Farmington Hills, Michigan is 3.4x (median home value $354,500 vs. median income $104,836), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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