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Old 06-09-2016, 04:51 AM
 
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I'm curious. Everyone talks bad about Detroit and Michigan for lacking jobs and growth but I'm sure it has its wealth somewhere as well just like every other state. Right?
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Old 06-09-2016, 08:13 AM
 
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I haven't met many people who talk bad about Michigan or Detroit in terms of job growth. It's actually quite booming.

And yes, there is tons of wealth, also tons of poverty. We may be more "bi polar" than all upscale (Fairfield County, CT) or all poor (Appalachia).

Downtown Detroit 48226 is in the richest top 10 zipcodes in Michigan. Two zip codes over from the poorest 48202.

Cities normally associated with wealth include Detroit, Grosse Pointes, Birmingham, Bloomfields (Hills & West), Troy, Novi, Plymouth, Northville, Grosse Isle, Commerce Twp, Addison/Oakland Twp, Rochester/Hills etc.

A better search is just using Trulia/Zillow/Realtor and filtering by home price. No shortage of expensive homes in Metro Detroit.
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Old 06-09-2016, 10:10 AM
 
Location: Grosse Ile Michigan
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One of our zip codes was the wealthiest zip code in the country until about ten years ago.

I think Ann Arbor and some of its suburbs are pretty wealthy too.

Bloomfield Hills is probably currently the wealthiest area, but the near billionaires are scattered all over the place. The tend not to congregate all that much, however a large number of them will have second homes in Bar Harbor.

Many reports of wealth can be deceiving. For example we have many retired people who are living on incomes of $20,000 to $30,000 a year, but they have millions in assets. Are they poor because their income is so low? If you look at average income distribution, these people would reflect as being in poverty. however their $6 million home with a $300,000 boat at the dock out back (both of which are likely owned by a trust or by a corporation), might tend to refute that appearance. Thus, it can be difficult to get real information. Driving around and looking at various areas might be helpful, but then that can be deceptive too. The richest family in our community - from the road - their estate looks pretty much like an ordinary house (except the gate). You have to get invited in to realize this is the most expensive home you have ever been in.
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Old 06-09-2016, 10:21 AM
 
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The Bloomfield-Birmingham area is the wealthiest area in Metro Detroit (and anywhere in Michigan, for that matter). If you want to get super precise, the area west of Woodward, and east of Inkster Rd., from about Maple to Long Lake, is as wealthy as it gets in MI.

Other smaller centers of wealth (in rough order of fanciness)- Franklin/Bingham Farms, Northville, Oakland Township, parts of West Bloomfield, West Novi, parts of Rochester Hills, the Pointes, Huntington Woods/Pleasant Ridge, parts of Troy, Grosse Ile, Dearborn Golf Course area.

Potential up and coming wealth areas, in the coming decades- Lyon Township, Salem Township maybe Addison Township.

Oh, and almost anywhere in Oakland County on a lake.
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Old 06-09-2016, 11:48 AM
 
2,164 posts, read 2,773,415 times
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Home values and selling prices will give you the most accurate picture of where the wealth is.

Detroit MI Home Prices & Home Values | Zillow

Scroll down to the data table, click on cities and then sort by home value.

Birmingham, Bloomfield Hills, Northville, Beverly Hills, Ann Arbor, Novi and Grosse Pointe Park are all in the top 10 in the state.
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Old 06-11-2016, 01:37 AM
 
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Birmingham (hands down. Best little downtown area as well), Bloomfield Hills, Bloomfield, Rochester (great downtown area, but not as nice as Birmingham's), Lake Orion, Grosse Pointe Woods, Grosse Pointe Shores, Grosse Pointe Farms
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Old 06-12-2016, 05:45 PM
 
Location: FL
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Nailed it!
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Old 06-13-2016, 07:55 AM
 
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Quote:
Originally Posted by AvoSunSpin View Post
Birmingham (hands down. Best little downtown area as well), Bloomfield Hills, Bloomfield, Rochester (great downtown area, but not as nice as Birmingham's), Lake Orion, Grosse Pointe Woods, Grosse Pointe Shores, Grosse Pointe Farms
Take out GP Woods and Lake Orion, add Northville, Orchard Lake, Franklin and Bingham Farms and probably right.
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Old 06-13-2016, 12:49 PM
 
Location: On the brink of WWIII
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48116
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Old 06-16-2016, 01:43 PM
 
1,648 posts, read 2,712,110 times
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It looks like the richest town in Michigan is officially Orchard Lake.

The Richest Town in Each State | Mental Floss
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