Farmington Hills, MI vs Troy, MI

Farmington Hills is moderately more affordable than Troy, with a 6.7% lower cost of living index. Farmington Hills scores 106 compared to 114 for Troy, where the US average is 100. This difference means residents of Troy can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Farmington Hills is $1,475/month compared to $1,557/month in Troy — a 5% difference. Home values follow the same pattern: Farmington Hills is more affordable at $333,200 median vs $396,800.

Median household income in Farmington Hills is $101,863 compared to $119,299 in Troy (-14.6%). While Troy is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Farmington Hills spend roughly 17.4% of their income on rent, more than the 15.7% in Troy.