10 Richest Cities in Michigan

10 Richest Cities in Michigan (2024)

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

With a per capita income of about $95,000 and average home prices of $650,000, the richest city in Michigan is Birmingham. This lively, family-friendly city is a Detroit suburb and sits about thirty minutes from downtown. Home to roughly 22,000 people, Birmingham attracts a diverse crowd who are interested in shopping, eating, and all things urban living. Residents of this area can enjoy an abundance of premiere fashion boutiques, restaurants, jewelers, spas, and more. 

2. Grosse Pointe Farms

Grosse Pointe Farms is also one of the richest cities in Michigan. There are five Grosse Pointes within Detroit, each of them sitting adjacent to one another on Lake Saint Clair. Grosse Pointe Farms, in particular, sits in the middle of this microplex and is a popular choice among young families. Residents of this affluent area are well-educated and typically move here for its quick commute to downtown, historic architecture, and waterfront views. Average home prices in the area average around $478k, while the city’s per capita income sits close to $81,000. This makes Grosse Pointe Farms an affluent area with excellent home-buying potential.  

3. Beverly Hills

Beverly Hills is one of the wealthiest cities in Michigan and is a perfect place for affluent retirees. Located about 5 miles north of Detroit, this community is home to roughly 11,000 people, many of whom are retired. According to local law, anyone wishing to purchase a home in this well-maintained area must be 50+ and without pets. While the city is relatively small, it has many parks, golf courses, walking trails, basketball courts, and other recreational centers to keep things entertaining. With a local per capita income of $71k and an average home price of $509k, Beverly Hills is the best area for wealthy individuals interested in a quiet place to live out their sunset years. 

4. Northville

Northville is another one of the wealthiest cities in Michigan. The area is known for its abundant natural beauty and is home to rolling hills, small lakes, and attractive local greenspaces, making it perfect for nature lovers. The city only houses 6,074 people, giving it a small-town atmosphere and making the local real estate market more competitive. The stunning Victorian-era architecture and well-kept nature of Northville keep local home values at an average of $543k, making them some of the most expensive in the state.  

5. Huntington Woods

Huntington Woods is one of the richest towns in Michigan. This city is well-known for its abundance of single-family residences – nearly 2,364 within 1.49 square miles. This wealth of available houses has earned Huntington Woods the title “City of Homes” and is considered one of the top places to live in all of Michigan. With a high per capita income, peak average home prices, and a crime rate under half the state’s average, Huntington Woods is ultimately a well-rounded area to call home. 

6. East Grand Rapids

East Grand Rapids is another one of Michigan’s richest cities. Located only a few miles from downtown Grand Rapids, this city has appeared on several of “America’s Best Places to Live” lists over the years. It is home to roughly 11,389 people, who prefer the area for its beautifully maintained homes, business districts, and wealth of local shops, eateries, and entertainment. The area is also home to several parks and green spaces, which include both John Collins Park and Reeds Lake, as well as their surrounding walking trails. Home prices in this area sit at an average of $604k, and the local per capita income is about $67k, making this a wealthy area with much to offer.

7. West Bloomfield

Another one of the richest cities in Michigan is West Bloomfield. Harboring a large community of roughly 66,000 people, this city is a popular choice among the wealthy. Part of Oakland County’s Lakes Area, West Bloomfield’s main attractions include several lakes, private country clubs, and high-commerce shopping centers. Additionally, the area boasts some of the best school districts in the state. With both high average per capita income and home prices, it’s no wonder West Bloomfield is an epicenter for affluence. 

8. Plymouth

In addition to being one of richest towns in Michigan, Plymouth is also one of the best places to live in the state. This city is known for its rich history, vibrant downtown area, and an assortment of local parks. It is ideally situated between Detroit and Ann Arbor, making it a popular choice among commuters. Additionally, Plymouth is home to the University of Michigan Wolverines, which offers locals an exciting selection of sporting events, art galleries, and natural history exhibits. Plymouth’s home prices and per capita income rates remain some of the highest in the state, keeping it an affluent part of Michigan’s landscape. 

9. Novi

Novi is a wealthy Michigan city that is home to nearly 67,000 residents. The city has one of the fastest-growing populations in all of Michigan. The area is popular for its wealth of lakes, golf courses, walking trails, and various other outdoor adventures. The city’s main local attraction is Maybury State Park, which is made of roughly 1,000 acres of natural wildlife and vegetation. Holding some of the highest per capita income rates and home prices in the state, Novi is sure to impress those who prefer a wealthy area with a laid-back atmosphere. 

10. Traverse City

Traverse City is one of the richest areas in northern Michigan. This area is a local hub for bustling commerce, entertaining nightlife, and outdoor recreation. The city center is full of local farm-to-table restaurants, boutiques, bookstores, and bars. Attractions in the city’s surrounding area include several annual festivals, golf courses, wineries, hard cider distilleries, and lakeside getaways. Though the per capita income of this community is lower than other areas on this list, its high average home prices make it a city for the wealthy. 

Richest Cities in Michigan Comparison