States › Michigan › Grosse Pointe Woods

Is Grosse Pointe Woods, MI expensive to live in?

CheapRent takes 18 cents of every $1 people earn here.
🏠 Rent per month (2026)$2,07818% higher than U.S. average
💵 Families earn per year (2026)$136,317about $11,360/month · 57% higher than U.S. average
🔑 House price$342,1003% higher than U.S. average

Rent is higher than in 72% of U.S. cities. Household incomes are higher than in 85% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (89.8%) are owned, so rentals can be hard to find. It is a highly educated city: 65.1% of adults have a college degree.

How much money do I need?

To rent here comfortably, you should earn about $83,120 a year. That is $40 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 172 of 179 cities from cheapest to most expensive.

Grosse Pointe Woods
$2,078
Grandville
$1,348
Traverse City
$1,673
Mount Clemens
$1,132
Northview
$1,612
Berkley
$1,905
Harper Woods
$1,942

How much do households earn in Grosse Pointe Woods?

Under $25k
7.3%
$25k–50k
10.1%
$50k–100k
28.7%
$100k–150k
25.7%
$150k+
25.9%

Share of households by yearly income. 51.5% of households earn $100,000 or more.

Rent by apartment size in Grosse Pointe Woods

SizeGrosse Pointe WoodsU.S. average
2 bedrooms$2,569$1,509
3 bedrooms$2,065$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Grosse Pointe Woods 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 Woods, so the Michigan figure is shown.

Taxes and bills in Grosse Pointe Woods

🏛️ Property tax$6,220a year · 1.82% of home value · U.S. $3,119
⚡ Electric bill$209a month (typical) · U.S. $156

Life in Grosse Pointe Woods

Commute to work24.2 minU.S.: 26.4 min
College degree65.1%U.S.: 35.7%
Own their home89.8%U.S.: 65.2%
Below poverty line4.9%U.S.: 12.5%
Unemployment5.8%U.S.: 5.2%

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

Renting is cheaper right now: about $296 a month less.

Renting
$2,078
Owning
$2,374

Owning assumes a typical $342,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $34,210 for the down payment.

Frequently asked questions

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

Renting in Grosse Pointe Woods costs a median of about $2,078 a month in 2026, including utilities. The Michigan median is $1,314.

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

To keep rent under 30% of income, you need about $83,120 a year, or $40 an hour at a full-time job.

Is Grosse Pointe Woods cheap or expensive?

Grosse Pointe Woods is rated Cheap: rent takes 18.3% of the typical household income of $136,317. It ranks 172nd cheapest of 179 Michigan cities we track.

How much are property taxes in Grosse Pointe Woods?

The median homeowner in Grosse Pointe Woods pays $6,220 a year in property taxes, about 1.82% of the median home value.

Is Grosse Pointe Woods 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 Woods?

The median home value in Grosse Pointe Woods is $342,100, about 2.5 times the typical yearly household income.

16,094 people live in Grosse Pointe Woods. Numbers are typical (middle) values.