Richest cities in Michigan

12 Richest Cities in Michigan 2024

Michigan is home to some of the wealthiest cities in the US. Many of these wealthy Michigan cities are located on the shoreline of Michigan’s famous lakes. Some are near Detroit. Here are the richest cities in Michigan.

Lakefront suburban home

The rankings on this list are based on both income and home prices.

Check out the Richest Suburbs of Detroit

Richest Cities in Michigan

1. Barton Hills

Barton Hills is the richest town in Michigan with a median home value of $1,382,783. 

Luxury suburban home

It’s a small, affluent community outside Ann Arbor with a population of 316 and a very high mean income of $421,909. 

Located in Washtenaw County, it’s one of the richest suburbs of Ann Arbor with small-town charm and views of Huron River.

Barton Hills homes are mostly owner-occupied (98%), adding to the exclusive upscale community vibe. 

Barton Hills is predominantly white (93%), with an above-average representation of Asian residents as well (20% Asians). 

It is a great place to live in, especially for families, as nearly 28% of the population is under 18. 

Barton Hills residents are well-educated, with 94.1% of adults having a Bachelor’s degree.

Barton Hills, MIData
Mean Income$421,909
Median Home Price$1,382,783
Bachelor’s Degree94.1%

2. Orchard Lake Village

Orchard Lake Village is a wealthy Detroit suburb. It is a beautiful city with opulent waterfront homes and large estates. 

Lake Michigan

Orchard Lake Village is surrounded by many lakes and ponds. In fact, around 45% of Orchard Lake Village is water!

Located in Oakland County, Orchard Lake Village is about 26 miles away from Detroit. A typical commute by car is around 40 minutes. 

With a population of 2,238, a significant percentage of Orchard Lake residents are under 18 years old (20%), making it family-friendly. 

There are also a lot of senior citizens (21.5%) living in Orchard Lake Village. 

Orchard Lake Village is an affluent Michigan city with a high median home value of $1,193,813 and a mean income of $355,008. 

Orchard Lake Village, MIData
Mean Income$355,008
Median Home Price$1,193,813
Bachelor’s Degree66.1%

Check out the Richest Lake Towns in Indiana

3. Lake Angelus

Lake Angelus is one of the richest cities in Michigan with a high median home value of $1,790,625.

Michigan

Lake Angelus is known for its tranquillity, waterfront living and lakeside estates.

Lake Angelus residents are some of the wealthiest in Michigan making a mean income of $315,177.

Located in Oakland County, just 31 miles from Detroit, Lake Angelus is one of the richest suburbs of Detroit.  

It is a small but very wealthy city in Michigan with a population of 287. 

The population at Lake Angelus is predominantly white (98.2%), with over half of the population senior citizens (51.6%).

76% of Lake Angelus residents have a Bachelor’s degree.

Lake Angelus, MIData
Mean Income$315,177
Median Home Price$1,790,625
Bachelor’s Degree76%

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4. Bloomfield Hills

Bloomfield Hills is one of the richest cities in Michigan. Located in Oakland County, it is a wealthy Detroit suburb located just 21 miles away from Detroit.

Detroit, MI

Bloomfield Hills is home to 4,460 wealthy residents earning a mean income of $305,974.

Bloomfield Hills is an affluent Michigan city with luxurious estates, historic landmarks, upscale dining, and shopping. 

The median home value at Bloomfield Hills is $592,923. 

76.8% of Bloomfield Hills residents hold a Bachelor’s degree. They live a good work-life balance with an average commute to work time of 20.9 minutes.

Bloomfield Hills, MIData
Mean Income$305,974
Median Home Price$592,923
Bachelor’s Degree76.8%

5. South Gull Lake

South Gull Lake is one of the richest cities in Michigan. With a median home value of $1,019,688, South Gull Lake is home to luxurious lakeside estates on Gull Lake.

Lake Michigan

Located in Kalamazoo County, South Gull Lake is an upscale enclave known for tranquil,  waterfront living. 

Its wealthy residents earn a mean income of $267,995. 

South Gull Lake is predominantly white (99.6%), with almost a quarter of the population being seniors. 

It has a well-educated population with 78.1% of South Gull Lake residents possessing a Bachelor’s degree.

South Gull Lake, MIData
Mean Income$267,995
Median Home Price$1,019,688
Bachelor’s Degree78.1%

6. Glen Arbor

Glen Arbor is one of the richest towns in Michigan. 

Lake Michigan

Located in Leelanau County, an affluent town near Lake Michigan, Crystal River and the Glen Lakes.

It is a small but wealthy Michigan town with a population of 261 and a high median home value of $640,186. 

Glen Arbor residents earn a high mean income of $264,985. 

Over half of the population at Glen Arbor are retirees with 58.3% of residents being senior citizens over 65 years old. 

Glen Arbor residents are well-educated with 78.4% of residents with a Bachelor’s degree.

Glen Arbor, MIData
Mean Income$264,985
Median Home Price$640,186
Bachelor’s Degree78.4%

7. Franklin

Franklin is one of the richest suburbs of Detroit. 

Known as the “Town that Time Forgot,” is located in Oakland County. It has a small-town historic charm, walkable downtown with a quaint country-like living.

Franklin is a wealthy Michigan community with a median home value of $1,477,613 and a mean income of $264,486. 

Its population is diverse, with a large representation of the Black (14.3%) and Asian (7.3%) residents. 

The city is family-friendly, with a high proportion of residents under 18 years old (24.3%) and 77.8% of adults with a Bachelor’s degree.

Franklin, MIData
Mean Income$264,486
Median Home Price$1,477,613
Bachelor’s Degree77.8%

Check out the richest suburbs of Chicago

8. Village of Grosse Pointe Shores

The Village of Grosse Pointe Shores is a wealthy suburb of Detroit. Located just 15 miles from Detroit, residents of the Village of Grosse Pointe Shores enjoy an easy 20-30 minute commute to Detroit.

Michigan

It is a small affluent city in Wayne County dotted with waterfront estates where homeowners enjoy breathtaking views of Lake St. Clair. 

The Village of Grosse Pointe Shores has a high median home value of $701,753 and a mean income of $244,212. 

There are a lot of families living in the Village of Grosse Pointe Shores with 23.5% of the residents under 18 years old. 

Village of Grosse Pointe Shores, MIData
Income$244,212
Median Home Price$701,753
Bachelor’s Degree67.4%

9. Birmingham

Birmingham is a rich suburb of Detroit. Located in Oakland County just 20 miles north of Detroit, Birmingham is a vibrant, walkable city that is perfect for individuals who love city life. 

With a population of 21,813, it has a median home value of $656,531 and a mean income of $219,420. 

The affluent residents of Birmingham enjoy many parks, upscale shops, and restaurants.

Birmingham is a family-friendly suburb of Detroit with a significant proportion of residents under 18 years old (26%). 

Birmingham residents are well educated with 77.1% of residents holding a Bachelor’s degree.

Birmingham, MIData
Mean Income$219,420
Median Home Price$656,531
Bachelor’s Degree77.1%

10. East Grand Rapids

East Grand Rapids is one of the richest cities in Michigan. Located in Kent County, East Grand Rapids is an upscale city with stately homes with Reeds Lake views and private lake access. 

East Grand Rapids residents enjoy the convenience of the shops and restaurants at Gas Light Village, a waterfront shopping district on Reeds Lake.

East Grand Rapids homes have a high median sale price of $607,635 and residents earn a high mean income of $194,656. 

Lots of families live in East Grand Rapids with 32.6% of the population under 18 years old. 

The residents of East Grand Rapids are well-educated with 79.9% of the population having a Bachelor’s degree.

East Grand Rapids, MIData
Mean Income$194,656
Median Home Price$607,635
Bachelor’s Degree79.9%

11. Michiana

Michiana is one of the richest lakeside communities in Michigan. 

Lake Michigan

Located in Berrien County along Lake Michigan, it is a small, charming lakeside community with a population of 200. 

Michiana residents enjoy sandy beaches and a peaceful lakefront lifestyle with a median home value of $946,179 and a high mean income of $189,262. 

Michiana’s population is largely seniors with 67% of the population aged 65 years old and over. 

It’s a quiet upscale retirement community where residents are highly educated with 86.6% of adults possessing a Bachelor’s degree

Michiana, MIData
Mean Income$189,262
Median Home Price$946,179
Bachelor’s Degree86.6%

12. Grand Beach

Grand Beach is one of the richest lakeside communities in Michigan. 

Lake Michigan

Located in Berrien County on Lake Michigan, Grand Beach is known for its beautiful lakefront properties, hence the high median home value of $1,526,188. 

It is a small, upscale resort community with a population of 310, a majority of the residents at Grand Beach are seniors (55.1%). 

It’s a wealthy retirement community for seniors seeking breathtaking water views and lakeside living. 

The city boasts a mean income of $168,026 and 72.5% of adults have a Bachelor’s degree.

Grand Beach, MIData
Income$168,026
Median Home Price$1,526,188
Bachelor’s Degree72.5%

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