Posted in Michigan
August 16, 2015
Here Are The 10 Richest Cities In Michigan
Michigan often gets a bad rep in terms of its economic stability. But the fact is that some of the richest communities in the country are right here. It has a lot to do with the legacy the automotive industry has had on our nation, a legacy that got its start in the Mitten. Here are 10 of the richest cities in Michigan, based on tax return data aggregated by the IRS.
We’re aware that these uncertain times are limiting many aspects of life as we all practice social and physical distancing. While we’re continuing to feature destinations that make our state wonderful, we don’t expect or encourage you to go check them out immediately. We believe that supporting local attractions is important now more than ever and we hope our articles inspire your future adventures! And on that note, please nominate your favorite local business that could use some love right now: https://www.onlyinyourstate.com/nominate/
Residents of this western Michigan city take home an average of $124,583 in gross annual income.
Residents of Rochester Hills, who earn an average of $124,944 in adjusted gross income, enjoy quieter scenery, while still having access to city life not too far away.
Tucked between Pleasant Ridge and Royal Oak, residents of this sleepy bedroom community boast an impressive average adjusted gross income of $127,871.
This city ranked high on our list of best places to live. Part of that had to do with the average adjusted gross income of its residents: $129,555.
This community, whose average adjusted gross income stands at $132,760, is one of the very safest cities in the country.
Residents here earn an average of $145,707 in adjusted gross income. That comes in handy with the community's many shopping amenities.
Home to Amway, residents here average some $150,133 in adjusted gross income.
The wealth really shows in this upscale Oakland County city, with residents' adjusted gross income averaging $171,055.
No, there is no Rodeo Drive in this suburban community, but it still has some of the wealthiest residents in the state, with an average adjusted gross income of $195,151.
Bloomfield Hills is home to three zip codes that boast some of the highest average adjusted gross incomes in the state: No. 1, $222,562 (48304); No. 2 at $208,196 (48302); and No. 4 at $184,777 (48301). Pictured here, Cranbrook Gardens.
You’ll see quite a bit of Oakland County representation, as it’s among the very wealthiest in the entire country. But just because residents of these cities are well-off financially, does it make these communities better places to live? Tell us what you think of these findings and whether you think money buys happiness in the comments below.
