States › Michigan › Grosse Pointe Farms

Is Grosse Pointe Farms, MI expensive to live in?

CheapRent takes 11 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,55711% lower than U.S. average
💵 Families earn per year (2026)$173,863about $14,489/month · 100% higher than U.S. average
🔑 House price$442,00033% higher than U.S. average

Rent is lower than in 55% of U.S. cities. Household incomes are higher than in 94% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (96.6%) are owned, so rentals can be hard to find. It is a highly educated city: 76.9% of adults have a college degree.

How much money do I need?

To rent here comfortably, you should earn about $62,280 a year. That is $30 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 125 of 179 cities from cheapest to most expensive.

Grosse Pointe Farms
$1,557
Marysville
$1,683
Lambertville
$1,380
Muskegon Heights
$983
Howell
$1,481
Alpena
$748
Flat Rock
$1,016

How much do households earn in Grosse Pointe Farms?

Under $25k
3.5%
$25k–50k
5.2%
$50k–100k
28.0%
$100k–150k
26.6%
$150k+
35.5%

Share of households by yearly income. 62.1% of households earn $100,000 or more.

How expensive is Grosse Pointe Farms overall?

Everyday prices in Michigan overall are 4% below the U.S. average (index 96.2, U.S. = 100).

Housing
82
Goods (food, clothes…)
96
Utilities
100
Other services
101
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Grosse Pointe Farms, so the Michigan figure is shown.

Taxes and bills in Grosse Pointe Farms

🏛️ Property tax$8,238a year · 1.86% of home value · U.S. $3,119
⚡ Electric bill$258a month (typical) · U.S. $156

Life in Grosse Pointe Farms

Commute to work23.8 minU.S.: 26.4 min
College degree76.9%U.S.: 35.7%
Own their home96.6%U.S.: 65.2%
Below poverty line2.5%U.S.: 12.5%
Unemployment1.9%U.S.: 5.2%

Is it cheaper to rent or buy in Grosse Pointe Farms?

Renting is cheaper right now: about $1,510 a month less.

Renting
$1,557
Owning
$3,067

Owning assumes a typical $442,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $44,200 for the down payment.

Frequently asked questions

What is the average rent in Grosse Pointe Farms, MI?

Renting in Grosse Pointe Farms costs a median of about $1,557 a month in 2026, including utilities. The Michigan median is $1,314.

How much do I need to make to live in Grosse Pointe Farms?

To keep rent under 30% of income, you need about $62,280 a year, or $30 an hour at a full-time job.

Is Grosse Pointe Farms cheap or expensive?

Grosse Pointe Farms is rated Cheap: rent takes 10.7% of the typical household income of $173,863. It ranks 125th cheapest of 179 Michigan cities we track.

How much are property taxes in Grosse Pointe Farms?

The median homeowner in Grosse Pointe Farms pays $8,238 a year in property taxes, about 1.86% of the median home value.

Is Grosse Pointe Farms more expensive than the national average?

Overall prices in Michigan are 4% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Grosse Pointe Farms?

The median home value in Grosse Pointe Farms is $442,000, about 2.5 times the typical yearly household income.

9,904 people live in Grosse Pointe Farms. Numbers are typical (middle) values.