Best places to retire in Michigan
Written by:
April 10, 2021
realtor.com
Best places to retire in Michigan
For many people, retirement is the reward after decades of working and raising a family. After all that anticipation, deciding where to spend that precious time can be a tough decision, so Stacker looked to data and rankings from Niche to compile a list of the best places to retire in Michigan. Niche ranks places to retire based on a variety of factors including cost of living, health care, recreation, and weather. Listings and images are from realtor.com.
Many retirees seek out easy access to indoor and outdoor recreation, from walking trails and water access to museums and theaters. Many desirable retirement destinations also have good proximity to major cities, ripe with arts, culture, and health care resources. But those choice locations carry the key drawback of a high cost of living, often due to pricey housing costs, that will not suit retirees often on fixed incomes. Low crime rates make a difference, as well.
Keep reading to discover the best places to retire in Michigan.
You may also like: People who retire comfortably avoid these financial advisor mistakes
1 / 25
realtor.com
#25. West Bloomfield Charter Township
- Population: 65,928
- Median home value: $310,600 (82% own)
- Median rent: $1,737 (18% rent)
- Median household income: $104,368
- Pictured: 4403 Landing Dr, West Bloomfield ($3.8 million, 7 bedrooms)
- Median home value: $310,600 (82% own)
- Median rent: $1,737 (18% rent)
- Median household income: $104,368
- Pictured: 4403 Landing Dr, West Bloomfield ($3.8 million, 7 bedrooms)
2 / 25
realtor.com
#24. Marion Township
- Population: 1,646
- Median home value: $170,900 (89% own)
- Median rent: $967 (11% rent)
- Median household income: $64,018
- Pictured: 4755 Treasure Lake Dr, Howell ($1.4 million, 6 bedrooms)
- Median home value: $170,900 (89% own)
- Median rent: $967 (11% rent)
- Median household income: $64,018
- Pictured: 4755 Treasure Lake Dr, Howell ($1.4 million, 6 bedrooms)
3 / 25
realtor.com
#23. Petoskey
- Population: 5,724
- Median home value: $177,000 (52% own)
- Median rent: $714 (48% rent)
- Median household income: $45,107
- Pictured: 3970 Peninsula Dr, Bay Harbor ($9.0 million, 5 bedrooms)
- Median home value: $177,000 (52% own)
- Median rent: $714 (48% rent)
- Median household income: $45,107
- Pictured: 3970 Peninsula Dr, Bay Harbor ($9.0 million, 5 bedrooms)
4 / 25
realtor.com
#22. Beverly Hills
- Population: 10,387
- Median home value: $387,400 (91% own)
- Median rent: $1,238 (9% rent)
- Median household income: $127,419
- Pictured: 31450 E Bell Vine Trl, Beverly Hills ($1.7 million, 5 bedrooms)
- Median home value: $387,400 (91% own)
- Median rent: $1,238 (9% rent)
- Median household income: $127,419
- Pictured: 31450 E Bell Vine Trl, Beverly Hills ($1.7 million, 5 bedrooms)
5 / 25
realtor.com
#21. Grosse Pointe Woods
- Population: 15,498
- Median home value: $244,500 (90% own)
- Median rent: $1,438 (10% rent)
- Median household income: $104,848
- Pictured: 494 Coventry Ln, Grosse Pointe Woods ($995,000, 6 bedrooms)
- Median home value: $244,500 (90% own)
- Median rent: $1,438 (10% rent)
- Median household income: $104,848
- Pictured: 494 Coventry Ln, Grosse Pointe Woods ($995,000, 6 bedrooms)
6 / 25
realtor.com
#20. Ford River Township
- Population: 2,063
- Median home value: $146,800 (87% own)
- Median rent: $696 (13% rent)
- Median household income: $58,056
- Pictured: 1786 W Willis St Unit 3, Detroit ($222,900, 2 bedrooms)
- Median home value: $146,800 (87% own)
- Median rent: $696 (13% rent)
- Median household income: $58,056
- Pictured: 1786 W Willis St Unit 3, Detroit ($222,900, 2 bedrooms)
7 / 25
realtor.com
#19. Peninsula Township
- Population: 5,776
- Median home value: $435,400 (87% own)
- Median rent: $1,326 (13% rent)
- Median household income: $102,359
- Pictured: 9601 J M Dickenson Rd SW, Port Orchard ($699,000, 3 bedrooms)
- Median home value: $435,400 (87% own)
- Median rent: $1,326 (13% rent)
- Median household income: $102,359
- Pictured: 9601 J M Dickenson Rd SW, Port Orchard ($699,000, 3 bedrooms)
8 / 25
realtor.com
#18. Grosse Pointe
- Population: 5,206
- Median home value: $349,800 (81% own)
- Median rent: $1,163 (19% rent)
- Median household income: $106,932
- Pictured: 460 Lakeland St, Grosse Pointe ($995,000, 4 bedrooms)
- Median home value: $349,800 (81% own)
- Median rent: $1,163 (19% rent)
- Median household income: $106,932
- Pictured: 460 Lakeland St, Grosse Pointe ($995,000, 4 bedrooms)
9 / 25
realtor.com
#17. Bad Axe
- Population: 2,948
- Median home value: $84,300 (59% own)
- Median rent: $609 (41% rent)
- Median household income: $39,239
- Pictured: 1061 N Collon Dr, Bad Axe ($299,000, 5 bedrooms)
- Median home value: $84,300 (59% own)
- Median rent: $609 (41% rent)
- Median household income: $39,239
- Pictured: 1061 N Collon Dr, Bad Axe ($299,000, 5 bedrooms)
10 / 25
realtor.com
#16. Frankenmuth
- Population: 5,274
- Median home value: $190,700 (69% own)
- Median rent: $672 (31% rent)
- Median household income: $62,427
- Pictured: 7168 Maple Rd, Frankenmuth ($1.0 million, 4 bedrooms)
- Median home value: $190,700 (69% own)
- Median rent: $672 (31% rent)
- Median household income: $62,427
- Pictured: 7168 Maple Rd, Frankenmuth ($1.0 million, 4 bedrooms)
11 / 25
realtor.com
#15. Birmingham
- Population: 21,201
- Median home value: $541,500 (74% own)
- Median rent: $1,513 (26% rent)
- Median household income: $122,804
- Pictured: 220 Lake Park Dr, Birmingham ($6.2 million, 5 bedrooms)
- Median home value: $541,500 (74% own)
- Median rent: $1,513 (26% rent)
- Median household income: $122,804
- Pictured: 220 Lake Park Dr, Birmingham ($6.2 million, 5 bedrooms)
12 / 25
realtor.com
#14. Bridgman
- Population: 2,559
- Median home value: $162,400 (73% own)
- Median rent: $733 (27% rent)
- Median household income: $64,338
- Pictured: 8926 Dunewood Dr, Bridgman ($2.3 million, 3 bedrooms)
- Median home value: $162,400 (73% own)
- Median rent: $733 (27% rent)
- Median household income: $64,338
- Pictured: 8926 Dunewood Dr, Bridgman ($2.3 million, 3 bedrooms)
13 / 25
realtor.com
#13. Markey Township
- Population: 2,418
- Median home value: $94,700 (83% own)
- Median rent: $768 (17% rent)
- Median household income: $43,583
- Pictured: 649 Bedford Dr, Westland ($295,000, 4 bedrooms)
- Median home value: $94,700 (83% own)
- Median rent: $768 (17% rent)
- Median household income: $43,583
- Pictured: 649 Bedford Dr, Westland ($295,000, 4 bedrooms)
14 / 25
realtor.com
#12. Tawas City
- Population: 1,881
- Median home value: $96,300 (74% own)
- Median rent: $707 (26% rent)
- Median household income: $49,226
- Pictured: 1005 Bay Dr, Tawas City ($650,000, 4 bedrooms)
- Median home value: $96,300 (74% own)
- Median rent: $707 (26% rent)
- Median household income: $49,226
- Pictured: 1005 Bay Dr, Tawas City ($650,000, 4 bedrooms)
15 / 25
realtor.com
#11. Grosse Ile Township
- Population: 10,159
- Median home value: $286,200 (93% own)
- Median rent: $1,121 (7% rent)
- Median household income: $105,833
- Pictured: 26505 E River Rd, Grosse Ile ($1.5 million, 4 bedrooms)
- Median home value: $286,200 (93% own)
- Median rent: $1,121 (7% rent)
- Median household income: $105,833
- Pictured: 26505 E River Rd, Grosse Ile ($1.5 million, 4 bedrooms)
16 / 25
realtor.com
#10. Chelsea
- Population: 5,331
- Median home value: $237,500 (69% own)
- Median rent: $1,084 (31% rent)
- Median household income: $83,750
- Pictured: 401 Glazier Rd, Chelsea ($2.0 million, 4 bedrooms)
- Median home value: $237,500 (69% own)
- Median rent: $1,084 (31% rent)
- Median household income: $83,750
- Pictured: 401 Glazier Rd, Chelsea ($2.0 million, 4 bedrooms)
17 / 25
realtor.com
#9. Greilickville
- Population: 1,647
- Median home value: $263,800 (76% own)
- Median rent: $1,419 (24% rent)
- Median household income: $46,935
- Pictured: 9256 E Hoxie Rd, Cedar ($752,000, 4 bedrooms)
- Median home value: $263,800 (76% own)
- Median rent: $1,419 (24% rent)
- Median household income: $46,935
- Pictured: 9256 E Hoxie Rd, Cedar ($752,000, 4 bedrooms)
18 / 25
realtor.com
#8. Bingham Township
- Population: 2,496
- Median home value: $242,500 (87% own)
- Median rent: $954 (13% rent)
- Median household income: $68,986
- Pictured: 101 S Hardy Ave, Independence ($64,900, 2 bedrooms)
- Median home value: $242,500 (87% own)
- Median rent: $954 (13% rent)
- Median household income: $68,986
- Pictured: 101 S Hardy Ave, Independence ($64,900, 2 bedrooms)
19 / 25
realtor.com
#7. Baldwin Township
- Population: 1,644
- Median home value: $117,500 (91% own)
- Median rent: $628 (9% rent)
- Median household income: $53,828
- Pictured: 6378 S Mac Rd, Baldwin ($3.5 million, 16 bedrooms)
- Median home value: $117,500 (91% own)
- Median rent: $628 (9% rent)
- Median household income: $53,828
- Pictured: 6378 S Mac Rd, Baldwin ($3.5 million, 16 bedrooms)
20 / 25
realtor.com
#6. Bloomfield Charter Township
- Population: 42,054
- Median home value: $427,700 (90% own)
- Median rent: $1,388 (10% rent)
- Median household income: $132,929
- Pictured: 2756 Turtle Bluff Dr, Bloomfield Hills ($10.6 million, 6 bedrooms)
- Median home value: $427,700 (90% own)
- Median rent: $1,388 (10% rent)
- Median household income: $132,929
- Pictured: 2756 Turtle Bluff Dr, Bloomfield Hills ($10.6 million, 6 bedrooms)
21 / 25
realtor.com
#5. Grosse Pointe Farms
- Population: 9,168
- Median home value: $355,400 (93% own)
- Median rent: $1,418 (7% rent)
- Median household income: $143,711
- Pictured: 205 Lake Shore Rd, Grosse Pointe Farms ($2.8 million, 5 bedrooms)
- Median home value: $355,400 (93% own)
- Median rent: $1,418 (7% rent)
- Median household income: $143,711
- Pictured: 205 Lake Shore Rd, Grosse Pointe Farms ($2.8 million, 5 bedrooms)
22 / 25
realtor.com
#4. Charlevoix Township
- Population: 1,752
- Median home value: $199,700 (85% own)
- Median rent: $758 (15% rent)
- Median household income: $60,208
- Pictured: 08425 Raspberry Ln, Charlevoix ($12.5 million, 7 bedrooms)
- Median home value: $199,700 (85% own)
- Median rent: $758 (15% rent)
- Median household income: $60,208
- Pictured: 08425 Raspberry Ln, Charlevoix ($12.5 million, 7 bedrooms)
23 / 25
realtor.com
#3. Village of Grosse Pointe Shores
- Population: 2,767
- Median home value: $523,100 (93% own)
- Median rent: $1,807 (7% rent)
- Median household income: $161,944
- Pictured: 824 Lake Shore Rd, Grosse Pointe Shores ($9.5 million, 4 bedrooms)
- Median home value: $523,100 (93% own)
- Median rent: $1,807 (7% rent)
- Median household income: $161,944
- Pictured: 824 Lake Shore Rd, Grosse Pointe Shores ($9.5 million, 4 bedrooms)
24 / 25
realtor.com
#2. Pleasant Ridge
- Population: 2,431
- Median home value: $346,100 (95% own)
- Median rent: $1,445 (5% rent)
- Median household income: $122,813
- Pictured: 85 Amherst Rd, Pleasant Ridge ($509,900, 3 bedrooms)
- Median home value: $346,100 (95% own)
- Median rent: $1,445 (5% rent)
- Median household income: $122,813
- Pictured: 85 Amherst Rd, Pleasant Ridge ($509,900, 3 bedrooms)
25 / 25
realtor.com
#1. Bingham Farms
- Population: 1,129
- Median home value: $415,000 (89% own)
- Median rent: $1,000 (11% rent)
- Median household income: $131,071
- Pictured: 23755 Ravineview Ct, Bingham Farms ($309,699, 2 bedrooms)
- Median home value: $415,000 (89% own)
- Median rent: $1,000 (11% rent)
- Median household income: $131,071
- Pictured: 23755 Ravineview Ct, Bingham Farms ($309,699, 2 bedrooms)
