Housing costs in Bloomfield Hills?
A typical home costs
$580,100, which is 71.6% more expensive than the national average of
$338,100 and 165.2% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Bloomfield Hills costs
$1,820 per month, which is 27.3% more than the national average of
$1,430 and 39.6% more than the state average of
$1,100.
Can I afford Bloomfield Hills?
To live comfortably in Bloomfield Hills (zip 48301), Michigan, a minimum annual income of
$111,240 for a family, and
$57,200 for a single person is recommended.
What does A.I. say about Bloomfield Hills?
48301 Bloomfield Hills, MI is considered to be one of the most expensive ZIP Codes in Michigan. The cost of living in this area is approximately 33% higher than the average cost of living in Michigan and 28% higher than the national average. Despite the high cost of living, many people choose to live in this area due to its excellent schools, low crime rate, and abundance of amenities. Housing prices are notably higher than elsewhere in Michigan, with an estimated median home value of $750,000. Groceries and Healthcare costs are also notably more expensive than other parts of Michigan and the US. However, this is balanced out by lower taxes compared with other states.