Farmington, MI
11,504Residents
$97,750Median household income
$1,340/moMedian gross rent
$297,200Median home value
39.0Median age
62%Adults with a bachelor’s degree or higher
62%Homes lived in by their owners
3.0×Home value to household income
Median rent takes about 16% of the median household income in Farmington.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $54,000 a year. In Michigan that leaves roughly $3,606 a month after tax. See the full paycheck breakdown for $55,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.