Welcome to the land of the 1%. Where you’ll find lawyers, and doctors, and business executives. And while they aren’t made of ticky-tacky, they are definitely made of money.
These are the wealthiest neighborhoods that Detroit has to offer. Where houses go for over 1.99x the national median and household incomes are 2.7x the national median.
But where exactly in Detroit do the richest of the rich people live? That would be Palmer Woods where the median income is a cool $148,533.
Here’s a look at the top 10 wealthiest neighborhoods in Detroit out of 90 for 2024.
The Richest Neighborhoods In Detroit For 2024
What’s the richest neighborhood to live in Detroit for 2024? According to the most recent census data, Palmer Woods looks to be the richest Detroit neighborhood to live in.
Summing up the median income of those 10 neighborhoods adds up to $952,809. And that, my friend, is more 0s than most of us will see in our bank account for a long, long time — if we ever get that lucky.
Find where your neighborhood ranks amongst the richest in Detroit.
For more Detroit reading, check out the best neighborhoods in Detroit and the worst neighborhoods in Detroit.
Or, for living around Detroit, out the best Detroit suburbs and the worst Detroit suburbs.
Table Of Contents: Table | Methodology
Richst Neighborhoods In Detroit For 2024 By Median Income
How We Determined The Wealthiest Neighborhoods In Detroit For 2024
Every city has its best neighborhoods — where everyone wants to live — and the worst neighborhoods — where no one wants to live. And then you have the wealthiest neighborhoods, where no one can afford to live.
And by no one, we mean you because there’s always someone richer than you.
How do you quantify richer than you? We looked at one simple criterion:
Which neighborhoods have the highest median income?
Using Saturday Night Science, we researched income data from the Census and BLS for every neighborhood in Detroit.
We ranked every neighborhood in Detroit by median income from highest to lowest. The neighborhood with the highest median income, Palmer Woods, was named the wealthiest neighborhood in Detroit.
The richest neighborhoods in Detroit are Palmer Woods, Sherwood Forest, Indian Village, Woodbridge, Marina District, Conner Creek Ind, University District, West Side Industrial, North Rosedale Park, and Detroit Golf.
The poorest neighborhood? That would be Nw Goldberg.
The poorest neighborhoods in Detroit are Nw Goldberg, Medical Center, Jefferies, Oakwood Heights, and Carbon Works.
We updated this article for 2024. This is our tenth time ranking the most affluent neighborhoods to live in Detroit.
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