Farmington Hills, Michigan Income Statistics
Farmington Hills Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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B
Farmington Hills Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Farmington Hills | Michigan Avg | US Average |
|---|---|---|---|
| Median Household Income | $103,958 | $72,977 | $80,455 |
| Median Personal Income | $83,615 | $59,920 | $60,758 |
| Average Yearly Income Growth | 4.8% | 4.6% | 4.8% |
| Six-Figure Earners | 22.0% | 11.4% | 13.9% |
| $200k+ Households | 17.9% | 9.5% | 13.2% |
The median household income in Farmington Hills is about 42% higher than in Michigan. Income has been growing faster in Farmington Hills (4.8%/yr) than in Michigan (4.6%/yr).
About 22% of adults in Farmington Hills earn six figures ($100,000 or more) a year, higher than the Michigan average of 11%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Farmington Hills, Michigan grew by 44.6% from 2009 to 2024, reaching $103,958 in 2024. That's an average of about 4.8% per year.
Income Inequality and the Gender Pay Gap in Farmington Hills
| Metric | Farmington Hills | Michigan Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.519 | 0.539 | 0.552 |
| Male Median Income | $100,261 | $69,354 | $69,667 |
| Female Median Income | $70,367 | $54,749 | $56,850 |
| Gender Pay Gap | 29.8% | 21.1% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Farmington Hills, it is 0.519, lower than Michigan's 0.539, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 42% more than women's income in Farmington Hills, Michigan. Over a 35-year career, a 42% wage gap accumulates to roughly $1,046,290 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Farmington Hills, Michigan has narrowed from about 33% to 30% in 2024. Over that period the gap was widest at 34% in 2015. In dollar terms, the gap has widened by $5,275 since 2009.
Employment
| Metric | Farmington Hills | Michigan Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.2% | 5.7% | 5.2% |
| Working from Home | 22.8% | 13.5% | 15.0% |
| Commute time (minutes) | 22 | 21 | 22 |
Approximately 2,463 people are unemployed in Farmington Hills, Michigan.
The average commute time in Farmington Hills is 22 minutes, longer than the 21 minutes in Michigan.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Farmington Hills, Michigan has fallen from 6.7% to 5.2% in 2024. Over that period the rate peaked at 6.7% in 2012 and fell as low as 3.8% in 2017.
Farmington Hills, MI Wealth Compared With Nearby Cities
How Farmington Hills, MI compares with the 1 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Farmington Hills, MI | 83,503 | $103,958 #1/2 | 4.8%/yr #1/2 | 5.2% #2/2 | 0.519 #2/2 |
| Livonia, MI | 93,850 | $98,215 | 4.1%/yr | 4.6% | 0.505 |
Conclusion
Considering all these factors, Farmington Hills, Michigan has an overall wealth index grade of B, making it somewhat better than Michigan, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Farmington Hills, Michigan.
How Rich Is Farmington Hills, Michigan?
Farmington Hills has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $103,958, about 42% higher than the Michigan average of $72,977.
How has median household income changed in Farmington Hills, Michigan?
Between 2009 and 2024, the median household income in Farmington Hills, Michigan rose 45%, from $71,887 to $103,958. Over the same years, income here lagged behind Michigan as a whole: +45% against +50%.
What was the median household income in Farmington Hills in 2023?
In 2023, the median household income in Farmington Hills, Michigan was $101,585, about the same as in 2022. The Michigan median that year was $71,362.
What was the median household income in Farmington Hills in 2020?
In 2020, the median household income in Farmington Hills, Michigan was $85,467. By 2024 it had risen 22% to $103,958.
Is Farmington Hills, Michigan a high-income area?
Yes. 22% of adults in Farmington Hills, Michigan earn $100,000 or more a year (about 1 in 5), against 11% (about 1 in 9) in Michigan. 18% of households have a combined income of $200,000 or more, compared with 10% in Michigan.
What is the Gini coefficient in Farmington Hills, Michigan?
The Gini coefficient in Farmington Hills is 0.519. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Farmington Hills, Michigan?
Since 2009, the income gap between men and women in Farmington Hills, Michigan has narrowed from about 33% to 30% in 2024. Over that period the gap was widest at 34% in 2015. In dollar terms, the gap has widened by $5,275 since 2009.
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