salaryRent is higher than in 61% of U.S. cities. A typical house costs about 3.5 years of household income. It is a highly educated city: 73.3% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $74,600 a year. That is $36 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 162 of 179 cities from cheapest to most expensive.
How much do households earn in Grosse Pointe Park?
Share of households by yearly income. 50.2% of households earn $100,000 or more.
Rent by apartment size in Grosse Pointe Park
| Size | Grosse Pointe Park | U.S. average |
|---|---|---|
| 1 bedroom | $1,406 | $1,324 |
| 2 bedrooms | $1,334 | $1,509 |
| 3 bedrooms | $2,321 | $1,698 |
| 4 bedrooms | $2,273 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Grosse Pointe Park overall?
Everyday prices in Michigan overall are 4% below the U.S. average (index 96.2, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Grosse Pointe Park, so the Michigan figure is shown.
Taxes and bills in Grosse Pointe Park
Life in Grosse Pointe Park
Is it cheaper to rent or buy in Grosse Pointe Park?
Renting is cheaper right now: about $1,418 a month less.
Owning assumes a typical $473,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $47,310 for the down payment.
Frequently asked questions
What is the average rent in Grosse Pointe Park, MI?
Renting in Grosse Pointe Park costs a median of about $1,865 a month in 2026, including utilities. The Michigan median is $1,314.
How much do I need to make to live in Grosse Pointe Park?
To keep rent under 30% of income, you need about $74,600 a year, or $36 an hour at a full-time job.
Is Grosse Pointe Park cheap or expensive?
Grosse Pointe Park is rated Cheap: rent takes 16.7% of the typical household income of $133,854. It ranks 162nd cheapest of 179 Michigan cities we track.
How much are property taxes in Grosse Pointe Park?
The median homeowner in Grosse Pointe Park pays $8,918 a year in property taxes, about 1.89% of the median home value.
Is Grosse Pointe Park 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 Park?
The median home value in Grosse Pointe Park is $473,100, about 3.5 times the typical yearly household income.
11,319 people live in Grosse Pointe Park. Numbers are typical (middle) values.