Cost of Living in Forest Hills, MI
Population: 28,494 • 2026 Data
$156,618
Median Household Income
+102% vs national
$1,950
Median Monthly Rent
+45% vs national
$474,800
Median Home Value
+40% vs national
1.5%
Unemployment Rate
Housing in Forest Hills
The median home value in Forest Hills, MI is $474,800. Monthly rent for a typical unit averages $1,950, while total monthly housing costs (including utilities and insurance) average $1,692.
Rent-to-income ratio: 14.9%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Forest Hills, MI is $156,618. The unemployment rate stands at 1.5%, with a labor force of 14,335 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.