Living in Ferndale, Michigan
Cost of living, income, home prices, rent and demographics of Ferndale · Census data 2020–2024
Ferndale has 19,190 residents with a median age of 37.3. The median household income is $94,640 (30% higher than the Michigan median), the median home value is $247,700, the median rent is $1,311/month.
Ferndale at a glance
- Population
- 19,190
- Median age
- 37.3State: 40.2
- Median household income
- $94,640State: $72,875
- Median home value
- $247,700State: $231,600
- Median rent
- $1,311/moState: $1,129
- Homeowners
- 66.6%
- Bachelor's degree or higher
- 57.9%
- Average commute
- 23 min
Is Ferndale a good place to live?
Pros: Median household income 30% higher than the Michigan median; an average commute of 23 minutes; unemployment of 3.7%; a poverty rate of 9%.
Cons: Home values 7% higher than the state median.
The weather is best in June to September.
Cost of living in Ferndale
Housing is the biggest part of the cost of living. In Ferndale the median home value is $247,700, 26% lower than the U.S. median. Renters pay a median of $1,311 per month, which is 24.7% of household income. Homeowners with a mortgage pay $1,669 a month in housing costs.
Ferndale median household income
The median household income in Ferndale is $94,640 and the income per person is $62,094. 9% of residents live below the poverty line (Michigan: 13.2%).
Housing in Ferndale: homes for sale and rent
- Housing units
- 10,927
- Owner-occupied
- 66.6%
- Renter-occupied
- 33.4%
- Vacant
- 5.3%Includes seasonal homes
- Median year built
- 1945
- Average household size
- 1.85
Ferndale demographics
- Population
- 19,190
- Median age
- 37.3
- Under 18
- 9.7%
- 65 and older
- 11.9%
- Households
- 10,348
- Foreign-born
- 4.7%
- Veterans
- 3.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Ferndale ›
Education in Ferndale
57.9% of adults 25 and older in Ferndale have a bachelor's degree or higher (Michigan: 32.4%), and 21.5% have a graduate or professional degree.
Jobs and commute in Ferndale
- Unemployment rate
- 3.7%State: 5.7%
- Average commute
- 23 minState: 24 min
- Work from home
- 28.1%
- Drive alone
- 65.1%
- Public transit
- 0%
- Walk to work
- 2.1%
- Homes with broadband
- 92.1%
Ferndale vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Ferndale | 19,190 | $94,640 | $247,700 | $1,311 |
| Pleasant Ridge | 2,602 | $171,125 | $448,700 | $1,720 |
| Hazel Park | 14,963 | $67,073 | $158,600 | $1,314 |
| Huntington Woods | 6,328 | $190,150 | $473,900 | $2,493 |
| Oak Park | 29,318 | $71,510 | $212,300 | $1,396 |
| Royal Oak | 57,950 | $101,109 | $328,700 | $1,381 |
| Madison Heights | 28,419 | $69,503 | $199,100 | $1,176 |
| Berkley | 15,149 | $116,239 | $316,700 | $1,526 |
| Highland Park | 8,628 | $29,309 | $79,200 | $688 |
More for people moving to Ferndale
Ferndale ZIP code ›Weather and climate ›Living in Ferndale: FAQ
What is the median household income in Ferndale, MI?
The median household income in Ferndale is $94,640, 30% higher than the Michigan median of $72,875 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Ferndale?
The median home value in Ferndale is $247,700, compared with $231,600 in Michigan.
How much is rent in Ferndale?
The median gross rent in Ferndale is $1,311 per month, about 24.7% of household income.
Is Ferndale, MI a good place to live?
Pluses: median household income 30% higher than the Michigan median; an average commute of 23 minutes; unemployment of 3.7%; a poverty rate of 9%. Minuses: home values 7% higher than the state median.
What is the median age in Ferndale?
The median age in Ferndale is 37.3 years (Michigan: 40.2).
How long is the commute in Ferndale?
The average commute to work in Ferndale is 23 minutes; 28.1% of workers work from home.
What is the unemployment rate in Ferndale?
The unemployment rate in Ferndale is 3.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Ferndale?
57.9% of adults in Ferndale have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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