Did You Know That Grand Rapids Is Considered One Of The Richest Cities In Michigan?

What are the richest cities in Michigan?

Property Club seems to have the answer. The website compiled a list of the 10 richest cities in the state of Michigan for 2024.

"While best known for its beautiful lakes, bustling cities, and rich agricultural centers, Michigan is also home to many rich neighborhoods and wealthy communities."

Do you live in one of the richest cities? Let's find out.

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What Are The 10 Richest Cities In Michigan (2024)?

1. Birmingham

With a per capita income of roughly $95,000, Property Club states that this Detroit suburb is the richest city in Michigan.

"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

Another Detroit suburb was added to the list. According to this list, Grosse Pointe Farms is a popular choice for young families.

"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 metroplex 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

Did you know that there is a Beverly Hills in Michigan? Well if not, it is located 5 miles north of Detroit with a population of roughly 11,000 people.

"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

Coming in at number 4 is Northville.

"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

It makes sense why Huntington Woods was added to this list since it has been deemed the "City of Homes." It is also considered one of the top places to live in the entire state.

"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

We have been featured at number 6 on the list!

East Grand Rapid has been added to several of "America's Best Places to Live" lists over the years.

"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

West Bloomfield gives off wealthy vibes with all its private country clubs and high-end shopping centers.

"Harboring a large community of roughly 66,000 people, this city is a popular choice among the wealthy."

8. Plymouth

Plymouth is right between Detroit and Ann Arbor. It is one of the best cities for commuters, especially since the University of Michigan is there.

9. Novi

Besides the golf courses, Novi is also home to Maybury State Park, which is one of the main attractions.

10. Traverse City

It would have surprised me if Traverse City was not on this list. With all of the wineries and lakeside attractions, it makes sense why it is one of the richest cities.

You can see the full list to decide whether you agree or not.