Cost of Living in Southfield, MI
Population: 76,025 • 2026 Data
$65,848
Median Household Income
-15% vs national
$1,301
Median Monthly Rent
-3% vs national
$226,900
Median Home Value
-33% vs national
6.9%
Unemployment Rate
Housing in Southfield
The median home value in Southfield, MI is $226,900. Monthly rent for a typical unit averages $1,301, while total monthly housing costs (including utilities and insurance) average $1,322.
Rent-to-income ratio: 23.7%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Southfield, MI is $65,848. The unemployment rate stands at 6.9%, with a labor force of 39,226 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.