salaryRent is higher than in 53% of U.S. cities. A typical house costs about 3.1 years of household income. It is a highly educated city: 57.6% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $68,640 a year. That is $33 an hour at a full-time job.
Is rent cheaper than other Michigan cities?
No. Rent here is more expensive than in most of Michigan. It is number 145 of 179 cities from cheapest to most expensive.
How much do households earn in Farmington Hills?
Share of households by yearly income. 41.1% of households earn $100,000 or more.
Rent by apartment size in Farmington Hills
| Size | Farmington Hills | U.S. average |
|---|---|---|
| Studio | $1,108 | $1,338 |
| 1 bedroom | $1,430 | $1,324 |
| 2 bedrooms | $1,857 | $1,509 |
| 3 bedrooms | $2,244 | $1,698 |
| 4 bedrooms | $3,041 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Farmington Hills overall?
Everyday prices in the Detroit-Warren-Dearborn metro area are same as the U.S. average (index 100.3, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024.
Taxes and bills in Farmington Hills
Life in Farmington Hills
What jobs pay in Farmington Hills
| Job | Median pay | Rent / pay |
|---|---|---|
| Pharmacist | $137,770 | 14.9% |
| Lawyer | $134,980 | 15.3% |
| Nurse Practitioner | $134,390 | 15.3% |
| Physician Assistant | $131,830 | 15.6% |
| Software Developer | $130,760 | 15.7% |
| Operations Manager | $104,010 | 19.8% |
| Computer Systems Analyst | $103,670 | 19.9% |
| Registered Nurse | $97,280 | 21.2% |
| Civil Engineer | $92,550 | 22.2% |
| Plumber | $86,370 | 23.8% |
| Dental Hygienist | $84,480 | 24.4% |
| Electrician | $81,990 | 25.1% |
| Accountant | $80,650 | 25.5% |
| Police Officer | $78,450 | 26.2% |
| Market Research Analyst | $77,100 | 26.7% |
| Licensed Practical Nurse | $69,300 | 29.7% |
| Carpenter | $65,810 | 31.3% |
| Elementary School Teacher | $65,210 | 31.6% |
| HVAC Technician | $63,170 | 32.6% |
| Firefighter | $62,730 | 32.8% |
| Truck Driver | $59,120 | 34.8% |
| Customer Service Representative | $44,730 | 46.0% |
| Warehouse Worker | $40,330 | 51.1% |
| Nursing Assistant | $39,900 | 51.6% |
| Medical Assistant | $39,410 | 52.3% |
| Server (Waiter/Waitress) | $37,490 | 54.9% |
| Restaurant Cook | $37,410 | 55.0% |
| Retail Salesperson | $35,130 | 58.6% |
| Cashier | $30,090 | 68.4% |
Is it cheaper to rent or buy in Farmington Hills?
Renting is cheaper right now: about $744 a month less.
Owning assumes a typical $354,500 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $35,450 for the down payment.
Frequently asked questions
What is the average rent in Farmington Hills, MI?
Renting in Farmington Hills costs a median of about $1,716 a month in 2026, including utilities. The Michigan median is $1,314.
How much do I need to make to live in Farmington Hills?
To keep rent under 30% of income, you need about $68,640 a year, or $33 an hour at a full-time job.
Is Farmington Hills cheap or expensive?
Farmington Hills is rated Cheap: rent takes 18.2% of the typical household income of $113,066. It ranks 145th cheapest of 179 Michigan cities we track.
How much are property taxes in Farmington Hills?
The median homeowner in Farmington Hills pays $5,396 a year in property taxes, about 1.52% of the median home value.
Is Farmington Hills more expensive than the national average?
Overall prices in the metro area are same as the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Farmington Hills?
The median home value in Farmington Hills is $354,500, about 3.1 times the typical yearly household income.
83,515 people live in Farmington Hills. Numbers are typical (middle) values.