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Grosse Pointe Farms, 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
9,904
Population
$161,208
Median Income
$442,000
Home Value
48.9
Median Age

Demographics

Grosse Pointe Farms has a population of 9,904 with a median age of 48.9. Here is the racial and ethnic breakdown of the population:

White
91.3%
Other
4.9%
Asian
2.1%
Hispanic
1.1%
Black
0.6%
Demographic Value
Total Population9,904
Median Age48.9
White91.3%
Black or African American0.6%
Asian2.1%
Hispanic or Latino1.1%
Other / Two or More Races4.9%
Grosse Pointe Farms, Michigan — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 100.White: 91.3%Other: 4.9%Asian: 2.1%Other: 1.7%9,904PopulationWhiteWhite91.3%OtherOther4.9%AsianAsian2.1%OtherOther1.7%

Income & Economy

The median household income in Grosse Pointe Farms is $161,208, which is 100.0% above the national median of $80,610. The per capita income is $91,520. The poverty rate is 2.5%.

$161,208
Median Household Income
$91,520
Per Capita Income
2.5%
Poverty Rate

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Education

In Grosse Pointe Farms, 97.9% of residents age 25+ have a high school diploma or higher, and 76.9% hold a bachelor's degree or higher (38.4% with a graduate or professional degree).

HS Diploma+
97.9%
Bachelor's+
76.9%
Graduate+
38.4%
Education Level % of Adults (25+)
High School Diploma or Higher97.9%
Bachelor's Degree or Higher76.9%
Graduate or Professional Degree38.4%

Housing

The median home value in Grosse Pointe Farms is $442,000, above the national median of $303,400. The median monthly rent is $1,408. The homeownership rate is 96.6%.

$442,000
Median Home Value
$1,408/mo
Median Rent
96.6%
Homeownership Rate
Housing Metric Value
Median Home Value$442,000
Median Monthly Rent$1,408
Homeownership Rate96.6%
Vacancy Rate2.7%

Salaries in Michigan

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Frequently Asked Questions

What is the population of Grosse Pointe Farms, Michigan?
The population of Grosse Pointe Farms, Michigan is 9,904 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Grosse Pointe Farms, Michigan?
The median household income in Grosse Pointe Farms, Michigan is $161,208. This is 100.0% above the national median of $80,610.
What is the median home value in Grosse Pointe Farms, Michigan?
The median home value in Grosse Pointe Farms, Michigan is $442,000. The median monthly rent is $1,408.
What percentage of people in Grosse Pointe Farms have a college degree?
In Grosse Pointe Farms, Michigan, 76.9% of adults age 25 and older hold a bachelor's degree or higher, and 97.9% have a high school diploma or higher.
Is Grosse Pointe Farms, Michigan an affordable place to live?
The home price-to-income ratio in Grosse Pointe Farms, Michigan is 2.7x (median home value $442,000 vs. median income $161,208), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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