According to statistics, the population in Southfield, MI amounts to 73,228, which shows decline 0% compared to the previous year. The median age of the city’s residents is 42. The average household income is $52,470, shifting growth 4% from the past year, and the average property value in Southfield, MI growth 10% to $124,300 throughout the year.
|Number Of Employees||34,397|
|Median Property Value||$124,300|
The average household income in Southfield, MI grew from $50,371 to $52,470 in the past year. This data is an estimate based upon 32,333 households in Southfield, MI . The chart below presents how household income is distributed in Southfield, MI in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Southfield, MI shifted from $113,100 to $124,300 throughout the year. The subsequent graph indicates the share of properties in the given price range in Southfield, MI in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Southfield, MI properties falls in the '$150,000 to $174,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Southfield, MI compared to median property taxes around the country. The prevalent amount of property taxes in Southfield, MI equals $3000, which is less than the national average.