top 10 richest communities in michigan – MiHomesByAndrew

top 10 richest communities in michigan

As you take a look at this fine mitten state, I bet you’re a little curious at where all the fancy people live, drive their Lamborghinis and use their one-hundred dollar bills as toilet paper. Stick around then, I’m going to break down the Top 10 RICHEST communities in Southeast Michigan.

#10 – NOVI

Starting at the top of the list, sitting at #10 is the one and only Novi. Novi is a pretty cool place. Growing up in Brighton, I was only about 15-17 minutes away from Novi, and it’s obvious to me to have this awesome city on the top 10. Not only does the city have a lot of wonderful attractions, Novi has a median household income of over $98,000, which comes out to be roughly 56% above the national median average. The median home value is around $322,000 with a population of over 60,000 people. Side note, you’ll notice as I creep closer to number one, the population decreases more, driving up the city’s averages. If you’re looking for more information about the awesome city of Novi, I made a video a couple weeks ago that I will link down below.

#9 – TROY

Moseying on over to #9, Troy. Troy has a median household income of over $101,000, which correlates to 62.1% over the median average. The population is sitting at over 83,000 people, which is massive. This dense suburban city has a median home value of over $301,000. Remember how I said the closer I get to number one, the population decreases more? Troy is an exception. Troy is known to be a leader in business with premier office centers and shopping destinations. So it’s no surprise this city found its way on to multiple sources: Top 5 best places to live in Michigan. I mean it made it on mine and that says something. I’ll link that video below to if you want to give it a look. 

#8 – GROSSE POINTE WOODS

Taking a gander at #8, Grosse Pointe Woods. There’s a few different Grosse Pointes in Michigan, and believe me when I say, they aren’t as gross as you would think. Three of them made my list of richest communities in Michigan, and again, that says a lot. Grosse Pointe Woods has a population of over 15,000 people and a median home value of over $244,000. Within those 15,000 people, the average household income is sitting over $104,000. 

#7 – BIRMINGHAM

Just a short 23 mile drive in your McLaren is #7, Birmingham. The first time I went to Birmingham, I was passing through as a kid on my way to a competitor’s hockey rink, and the atmosphere ALWAYS blew me away. It did as a kid and it still does to this day when I visit my other office that’s off of Woodward avenue. From the downtown life to all the extraordinary homes in the neighboring subdivisions, it’s a head turning area you need to check out. With a population of over 21,000 people, Birmingham’s median home value skyrockets from #8’s up to over $541,000 with a median household income of over $122,000, with 60.5% of households earning over $100K. This fine city is also ranked within the top 5 on most sourced platforms for the best public schools in Michigan, and is ranked high for best suburbs for professionals. So if you’re feeling professional, find your spot in one of Birmingham’s suburbs.

#6 – BEVERLY HILLS

Taking a few turns off of Woodward Avenue brings us to #6, Beverly Hills. And this isn’t the Beverly Hills that Weezer sings about in that song, what was it called, oh yeah Beverly Hills. This is Beverly Hills, Michigan, not California. A lot of people don’t know this is a city in Michigan, but believe me when I say there’s over 10,000 people smashed in the middle of Telegraph road, Woodward Ave and I-696 that say differently. With a median household income of over $127,000 and median home values of over $387,000, this rural city has found its way into Niche.com’s #2 spot for best places to buy a home in the Detroit area.

#5 – HUNTINGTON WOODS

Approximately where Woodward Avenue and I-696 collide, takes us to #5, Huntington Woods. Do you like animals? Because let’s just say you’re going to have a very nice commute to the Detroit Zoo, since it’s hardly 2 miles down the road. The little city of Huntington Woods is about 1.5 square miles with a population of around 6,500 people, but within those 1.5 square miles is an average household income of $136,000, and median home values of over $362,000. 

#4 – GROSSE POINTE FARMS

Just a 23 mile private helicopter ride directly east will knock you right into #4, Grosse Pointe Farms. Median home values in Grosse Pointe Farms are over $355,000, with a population of roughly 9,200 people. I’d say they live a pretty healthy lifestyle with a median household income of just over $143,000. I mean, what Michigander wouldn’t want priceless views of Lake St. Clair? I’m not going to raise my hand, I can tell you that for free.

#3 – GROSSE POINTE SHORES

Getting gross with another community, is #3, Grosse Pointe Shores. Grosse Pointe Shores has a median home value of over $523,000 and a population of just 2,800 people or so. The median household income in this gem of a city is over $162,000. After talking about all these different Grosse Pointes, isn’t it interesting that they are all right next to each other, bordering the water, but are unique in their own way? Almost like fraternal quintuplets. There’s five of them, some are pretty, some are smart, and some of them are both. The first time I saw the Grosse Pointes was when I traveled to the eastern side of the state for some showings I had for an investor. Unfortunately, I didn’t have time to stop, but I was able to see as much as I could driving down the Edsel Ford freeway.

#2 – BLOOMFIELD HILLS

After driving your Jeep Wagoneer northeast just a little bit, it will take you to the #2 spot, Bloomfield Hills. Bloomfield Hills was really my first sample of wealth that wowed me as a kid. When I was younger I played for the Birmingham Rangers AA hockey team and the home arena was the Cranbrook Wallace Ice arena off of Lone Pine road. My parents drove my brothers and I down that road multiple times a week knowing that my favorite Redwings players at the time were just a few streets over. Bloomfield Hills has a median home value of over $860,000, and a median household income of over $178,000. Having a population of just over 4,000 people, this suburban rural mix of a city is known to have great public schools and parks worth living next to.

#1 – LAKE ANGELUS

Now for the moment you have been biting your fingernails for, #1, Lake Angelus. Lake Angelus is a city that surrounds the sought-after Lake Angelus. Makes sense, I know. This city is made up of only 1.64 square miles. 1-mile is land and .64 miles is water. This city has a whopping 275 people who bring home a median household income of over $214,000. With that in mind, when Halloween comes around it’s clear to see who’s going to be giving out the king sized candy. The median home value in this square mile of homes is over 1.25 million dollars. 

Well, that concludes the list of the Top 10 richest communities in Michigan. If you’re looking for more information about the locations I talked about in this video (or even ones I didn’t), please don’t hesitate to reach out, as I am always happy to be your go-to Michigan resource.

Cheers,

Andrew McManamon is a licensed Real Estate Professional in the great state of Michigan. His philosophy to put people first has paved the way to his extraordinary real estate career. Born and raised in Brighton, MI, Andrew acquired a bachelors degree in business management and marketing from Cleary University in Howell, MI. The combination of his experience and education allows him to take a strategic approach towards every transaction and help his clients make more informed and confident decisions.

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