Bloomfield Hills, MI Profile: Facts & Data

Bloomfield Hills, Michigan - Basic Facts

The City of Bloomfield Hills had a population of 4,318 as of July 1, 2024.

The primary coordinate point for Bloomfield Hills is located at latitude 42.5836 and longitude -83.2455 in Oakland County. The formal boundaries for the City of Bloomfield Hills encompass a land area of 4.96 sq. miles and a water area of 0.08 sq. miles. Oakland County is in the Eastern time zone (GMT -5).

The City of Bloomfield Hills has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

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Bloomfield Hills, MI Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	4,318 (100%)
Population in Households	3,962 (91.8%)
Population in Families	3,447 (79.8%)
Population in Group Quarters¹	356 ( 8.2%)
Population Density	871
Diversity Index²	33


INCOME
Median Household Income	$200,001
Average Household Income	$271,803
% of Income for Mortgage⁴	26%
Per Capita Income	$102,861
Wealth Index⁵	339
Socioeconomic Status Index⁶	High (71.5)

HOUSING
Total HU (Housing Units)	1,829 (100%)
Owner Occupied HU	1,465 (80.1%)
Renter Occupied HU	167 ( 9.1%)
Vacant Housing Units	197 (10.8%)
Median Home Value	$843,369
Average Home Value	$1,054,181
Housing Affordability Index³	88

HOUSEHOLDS
Total Households	1,632
Average Household Size	2.43
Family Households	1,145
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

1,829 (100%)

Owner Occupied HU

1,465 (80.1%)

Renter Occupied HU

167 ( 9.1%)

Vacant Housing Units

197 (10.8%)

Median Home Value

$843,369

Average Home Value

$1,054,181

Housing Affordability Index³

HOUSEHOLDS

Total Households

1,632

Average Household Size

2.43

Family Households

1,145

Average Family Size

3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.76%	0.23%
Households	0.53%	0.46%
Families		0.31%
Median Household Income		0.00%
Per Capita Income		1.57%
Owner Occupied HU		0.69%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

-0.76%

0.23%

Households

0.53%

0.46%

Families

0.31%

Median Household Income

0.00%

Per Capita Income

1.57%

Owner Occupied HU

0.69%

Bloomfield Hills, MI - Peer Comparisons by Rank and Percentile

The table below compares Bloomfield Hills to the other 745 incorporated cities, towns and CDPs in Michigan by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description	Rank	Percentile
Total Population	# 197	74th
Population Density	# 376	50th
Median Household Income	# 3	100th
Housing Affordability Index	# 101	14th
Per Capita Income	# 5	99th
Diversity Index	# 191	74th

Variable Description

Rank

Percentile

Total Population

# 197

74th

Population Density

# 376

50th

Median Household Income

# 3

100th

Housing Affordability Index

# 101

14th

Per Capita Income

# 5

99th

Diversity Index

# 191

74th

Michigan Census Data Comparison Tool

Bloomfield Hills, MI Profile: Facts & Data

Bloomfield Hills, Michigan - Basic Facts

Bloomfield Hills, MI Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Bloomfield Hills, MI - Peer Comparisons by Rank and Percentile

Bloomfield Hills, MI - Most Popular Things to Do

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