Cost of Living in Grosse Pointe Farms, MI

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D+
23%
Overall NAT. AVG.
1%
Groceries NAT. AVG.
82%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Grosse Pointe Farms Michigan National
Cost of living12391100
Groceries9998100
Health care9697100
Housing18276100
Transportation9696100
Utilities102100100
Lifestyle & Entertainment9496100
Household Items9798100
Education & Childcare9695100
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Homes For Sale In Grosse Pointe Farms, MI

property for sale

481 Kercheval Ave

Grosse Pointe Farms, MI
property for sale

96 Moran Rd

Grosse Pointe Farms, MI
property for sale

203 Ridge Rd

Grosse Pointe Farms, MI
property for sale

274 Kerby Rd

Grosse Pointe Farms, MI

Cost Of Living Quick Facts

  • The cost of living in Grosse Pointe Farms is 35% higher than the Michigan average
  • The cost of living in Grosse Pointe Farms is 23% higher than the national average
  • Grosse Pointe Farms housing is 82% higher than the national average
  • Michigan general sales tax is 18% higher than the national average
  • Michigan state income tax is 64% higher than the national average

Most Affordable Places to Live in and Around Grosse Pointe Farms

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$218,334$18,195$5,094$6,551
      Renters$0$0$0$0
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Grosse Pointe Farms, MI, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Grosse Pointe Farms homeowners, is $218,334. This would allow for a maximum of $5,094 per month to be spent on housing costs. For renters, the median monthly income is $0 which would result in a maximum of $0 to be spent on rental costs.

      Michigan Sales Tax

      State General Sales Tax With Max Surtax
      Michigan 6% 6%

      Michigan Income Tax

      State Income Tax (Low) Income Tax (High)
      Michigan 4.25% 4.25%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      River Rouge, MI7,7567921.5%
      Highland Park, MI11,0568020.3%
      Ecorse, MI9,6848218.3%
      Detroit, MI692,0448217.6%
      Hamtramck, MI22,1998416.2%
      Grosse Pointe Farms, MI9,34012322.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Fairview, TX9,33913232.0%
      Grants, NM9,3338712.9%
      University of California-Davis, CA9,35112525.5%
      Sheffield Lake, OH9,3548713.0%
      Ladysmith, BC9,354n/a 
      Grosse Pointe Farms, MI9,34012322.6%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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