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Cost of Living in Grosse Pointe Farms, MI

2025 Affordability Data & Housing Costs

111.5

Cost of Living Index (100 = US Average)

Expensive

Median Home Value

$418,600

Owner-occupied homes (2023 ACS)

Median Household Income

$160,589

Annual (2023 ACS)

Housing Costs

The median home value in Grosse Pointe Farms is $418,600, which is higher than the national average. The home price-to-income ratio is 2.6, indicating strong affordability.

Income & Purchasing Power

The median household income in Grosse Pointe Farms is $160,589 annually.

Compare with Other Cities

View all cities in Michigan

Frequently Asked Questions

What is the cost of living index in Grosse Pointe Farms, MI?

The COL index is 111.5, which is higher than the US average of 100.

What is the median home value in Grosse Pointe Farms?

The median home value is $418,600.

What is the median rent in Grosse Pointe Farms?

Data not available.

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