Grosse Pointe Woods, MI Profile: Facts & Data

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Grosse Pointe Woods, Michigan - Basic Facts

The City of Grosse Pointe Woods had a population of 16,100 as of July 1, 2023. Grosse Pointe Woods ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Michigan. See peer rankings below.

The primary coordinate point for Grosse Pointe Woods is located at latitude 42.4436 and longitude -82.9069 in Wayne County. The formal boundaries for the City of Grosse Pointe Woods encompass a land area of 3.25 sq. miles and a water area of 0 sq. miles. Wayne County is in the Eastern time zone (GMT -5).

The City of Grosse Pointe Woods 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.


Jump to... (On This Page!)
  1. Grosse Pointe Woods 2023 Demographic Data
  2. Growth Rates for Grosse Pointe Woods (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Michigan Research Tools (Easy Tools & Current Data)
  3. Michigan Data Comparison Tool - 2023 Demographics
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Grosse Pointe Woods, MI Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 16,100 (100%)
Population in Households 15,866 (98.5%)
Population in Families 13,687 (85.0%)
Population in Group Quarters1 234 ( 1.5%)
Population Density 4,968
Diversity Index2 33
 
 

INCOME

Median Household Income $118,784
Average Household Income $153,886
% of Income for Mortgage4 15%
Per Capita Income $62,013
Wealth Index5 210
Socioeconomic Status Index6 High (66.0)
 

HOUSING

Total HU (Housing Units) 6,786 (100%)
Owner Occupied HU 5,867 (86.5%)
Renter Occupied HU 619 ( 9.1%)
Vacant Housing Units 300 ( 4.4%)
Median Home Value $298,299
Average Home Value $320,274
Housing Affordability Index3 140
 

HOUSEHOLDS

Total Households 6,486
Average Household Size 2.45
Family Households 4,582
Average Family Size 3.00
NOTES
  1. 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.
  2. 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.
  3. 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.
  4. 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).
  5. 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.
  6. 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

2020-2023 2023-2028
Population -0.73% -0.46%
Households -0.51% -0.21%
Families   -0.28%
Median Household Income   2.92%
Per Capita Income   2.77%
Owner Occupied HU   -0.11%

Grosse Pointe Woods, MI - Peer Comparisons by Rank and Percentile

The table below compares Grosse Pointe Woods to the other 745 incorporated cities, towns and CDPs in Michigan by rank and percentile using July 1, 2023 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 # 69 91st
Population Density # 16 98th
Median Household Income # 18 98th
Housing Affordability Index # 485 65th
Per Capita Income # 35 95th
Diversity Index # 175 77th

Additional comparisons and rankings can be made with a VERY EASY TO USE Michigan Census Data Comparison Tool.

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