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Demographics and Other Data

Community Information

 

Tax Rates

(Per $1,000 of State Equalized Valuation - in Farmington School District)

2014 Primary residence exemption: $42.6129
2014 Non-primary residence exemption: $51.1257

2013 Local Unit Tax Rates For All Cities and Major Townships in Oakland County
2013 Tax Comparison For All Local Units of Government in Oakland County
 

State Equalized Value

2008 $4,743,497,740
2009 $4,297,748,050
2010 $3,696,814,750
2011 $3,314,116,800
2012 $3,108,123,820
2013 $3,084,995,820


Land Use 2007

Type Subtotals Acres Total Acres Percent of Developed Percent of Total
Residential   11145 53.7 52
  Single - Family 9211   44.4 42.9
  Single - Family Cluster 527   2.5 2.5
  Two - Family 8   0 0
  Multiple Family 1359   6.6 6.3
  Mobile Home 40   0.1 0.1
Business   576 2.8 2.7
Office   710 3.4 3.3
IRO   258 1.2 1.2
Industrial   644 3.1 3
Utility   40 0.1 0.1
Public   980 4.7 4.6
  Buildings 110   0.5 0.5
  Parks 405   2 1.9
  School - Owned 465   2.2 2.2
Quasi - Public   2077 10 9.7
  Institutional 793   3.8 3.7
  Private Recreation 1284   6.2 6
Golf Course   573 2.8 2.7
Street R.O.W.   3740 18 17.4
Total Developed   20743 100.00% 96.7
Vacant   703   3.3


Transportation Access

By Road

Major Expressways located within or near Farmington Hills include: I-96, I-696, I-275, and the M-5 Connector.

Public Transportation is available along major thoroughfares via bus routes from SMART (Suburban Mobility Authority for Regional Transportation)

By Air

Farmington Hills is conveniently located within a short drive of five airports:


By Train

Travel by train is available at these nearby stations:


Major Medical


Major Universities


Business Information


Employment

(Source: U.S. Bureau of Labor Statistics)

  • Farmington Hills Civilian Unemployment: 6.40% (Based on Warren-Troy-Farmington Hills Statistical Area)
  • State of Michigan Civilian Unemployment: 6.70%


Employment by Industrial Class

 (Source: ESRI Forecast for 2014)

Services 50%
Unclassified 11%
Finance / Insurance / Real Estate 10%
Retail 10%
Construction 6%
Wholesale Trade 5%
Manufacturing 4%
Transportation 2%
Agriculture / Mining 2%
Communication 1%
Public Administration 0%
Utility 0%


2014  Employment by Industrial Class

Employment by Occupation

(Source: ESRI Forecast for 2014)

Professional 32%
Management / Business/ Financial 19%
Services 14%
Sales 12%
Administrative Support 11%
Production 5%
Transportation / Material Moving 3%
Construction / Extraction 2%
Installation / Maintenance / Repair 1%
Farming / Forestry / Fishing 0%


2014 Employment by Occupation

Major Employers

The Top Five Employers in Farmington Hills are:

Firm Name Product / Service Approximate Number of Employees
Botsford Hospital Health care provider 2000
Robert Bosch Corporation Automotive engineering / testing 1600
Cengage Learning Gale Database information providers 850
Chrysler Financial Services Financial services 800


Average Rent

(Source: Colliers International, 4Q2014)

Class A $20.08
Class B $17.36
Class C $14.66
Overall Average $17.55


Vacancy Rate

(Source: Colliers International, 4Q2014)

  • Percent Vacant Office Space: 16.1%

Demographics


Population and Households

(Source: ESRI Forecast for 2014)

  • Total Population: 80,823
  • Total Households: 34,350

Population by Age

(Source: ESRI Forecast for 2014)

0-4 5%
5-9 5%
10-14 6%
15-19 6%
20-24 6%
25-34 12%
35-44 12%
45-54 15%
55-64 15%
65-74 10%
75-84 5%
85+ 3% 



Population by Race/Ethnicity

(Source: ESRI Forecast for 2014)

White Alone 66.30%
Black Alone 19.50%
Asian Alone 11.10%
Two or More Races 2.40%
Some Other Race Alone 0.50%
American Indian Alone 0.20%
Pacific Islander Alone 0% 


2014 Population by Race/Ethnicity

Population 25+ by Educational Attainment

(Source: ESRI Forecast for 2014)

Bachelor's Degree 28.5
Graduate / Professional Degree 22.9
Some College, No Degree 19.2
High School Graduate 15.2
Associate Degree 6.3
9th-12th Grade, No Diploma 4
<9th Grade 2.4
GED / Alternative Credential 1.6


2014 Population 25+ By Educational Attainment

Households By Income

(Source: ESRI Forecast for 2014)

  • Median Household Income: $66,542
  • Per Capita Income: $40,915
  • Median Home Value: $232,878
<$15,000 7.7
$15,000 - $24,999 9.2
$25,000 - $34,999 8.2
$35,000 - $49,999 11.7
$50,000 - $74,999 17.8
$75,000 - $99,000 13.9
$100,000 - $149,999 12.2
$150,000 - $199,999 9.8
$200,000+ 9.4


2014 Households by Income