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Cost of Living Comparison 2026

๐Ÿ“ Farmington Hills, MI โ€” ZIP-level rent data ยท COL adjusted from Detroit, MI area

$

Numbers update automatically as you type

You'd spend $1.2K/month more in Charlotte, NC

$150.0K in your current city equals $163.8K in Charlotte, NC

Rent data from HUD ZIP-level estimates ยท COL index from Detroit-Warren-Dearborn, MI area
Overall Cost
โ†‘ 15.4%
More expensive
Monthly Impact
$1,152
Extra cost
Annual Impact
$13.8K
Per year

Based on monthly living costs (rent, groceries, utilities, transport, healthcare). Home purchase prices shown separately below.

Farmington Hills, MI

Population:83K
Cost Index:100
Median Home:$374K

Charlotte, NC

Population:875K
Cost Index:115
Median Home:$399K

Farmington Hills, MI

The Great Lakes State

83K
Population
State Tax
Yes

Located in Michigan, this city has a population of 83K residents.

Charlotte, NC

The Tar Heel State

875K
Population
State Tax
Yes
Climate
Humid subtropical

Notable Facts

  • โ€ขMajor banking center
  • โ€ขNASCAR headquarters
  • โ€ขQueen City

Major Industries

FinanceTechnologyEnergyMotorsports

Cost Breakdown by Category

Annual spending: Farmington Hills, MI vs Charlotte, NC

๐Ÿ Housing
โ†‘ 84.1%
Farmington Hills, MI
$1,341
Charlotte, NC
$2,469
Difference
$1,128
more
๐Ÿš—Transportation
โ†“ 19.9%
Farmington Hills, MI
$1,501
Charlotte, NC
$1,202
Difference
$299
less
๐Ÿ“ฆOther
โ†‘ 6.7%
Farmington Hills, MI
$1,600
Charlotte, NC
$1,707
Difference
$108
more
๐ŸฅHealthcare
โ†‘ 15.8%
Farmington Hills, MI
$551
Charlotte, NC
$638
Difference
$87.02
more
๐Ÿ›’Groceries
โ†‘ 6.6%
Farmington Hills, MI
$928
Charlotte, NC
$989
Difference
$61.31
more
โšกAll Utilities
โ†“ 4.7%
Farmington Hills, MI
$545
Charlotte, NC
$519
Difference
$25.72
less

๐Ÿ Rent Comparison

Studio
From$1,084
To$1,630
โ†‘ $546
1 Bed
From$1,206
To$1,710
โ†‘ $504
2 Bed
From$1,519
To$1,870
โ†‘ $351
3 Bed
From$1,856
To$2,300
โ†‘ $444
Farmington Hills, MIZIP-level data

1BR range: $1,090โ€“$1,690/mo

Charlotte, NCZIP-level data

1BR range: $1,340โ€“$2,310/mo

๐Ÿ’ก Note: Rent prices are based on HUD Fair Market Rent data and represent median costs. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$6,466
Monthly in Farmington Hills, MI
$7,525
Monthly in Charlotte, NC
$1,059
Difference

Home Values

Farmington Hills
Charlotte
$374K
Median Value
$399K
โ†‘ +3.2%
YoY Change
โ†“ -1.1%
โ†‘ +33.9%
5-Year Change
โ†‘ +40.8%
$291K - $442K
Price Range
$293K - $1.57M

Homes in Charlotte are 6% more expensive than Farmington Hills

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings
โ†“ $750
More taxes
Monthly Difference
$62.50
Less take-home
Effective Rate Diff
0.5%
Rate difference

Farmington Hills, MI

Federal Income Tax
Effective: 18.9%
$25.5K
Michigan State Tax
Effective: 4.3%
$6.4K
FICA Taxes
Social Security + Medicare
$11.5K
Total Taxes
Effective: 28.9%
$43.4K
Take-Home Pay
$8,884/month
$106.6K

Charlotte, NC

Federal Income Tax
Effective: 18.9%
$25.5K
North Carolina State Tax
Effective: 4.8%
$7.1K
FICA Taxes
Social Security + Medicare
$11.5K
Total Taxes
Effective: 29.4%
$44.1K
Take-Home Pay
$8,822/month
$105.9K

Additional Tax Information

Farmington Hills, MI Tax Rates

Sales Tax:6.0%
Property Tax:1.4%

Charlotte, NC Tax Rates

Sales Tax:7.1%
Property Tax:0.8%

๐Ÿ’ก Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.

Environment

Farmington Hills
Charlotte
55 Moderate
Air Quality
51 Moderate
32.8%
Good Air Days
46.2%
99 High
Climate Risk
97 High
๐ŸŒŠ๐ŸŒก๐ŸŒช
Top Hazards
๐ŸŒŠ๐ŸŒช๐Ÿ’จ
โ–ฒ+3.1ยฐF
2050 Outlook
โ–ฒ+2.9ยฐF
10 days
Heat Days >95ยฐF
36 days
โ–ฒ+3.1ยฐF
2050 Outlook
โ–ฒ+2.9ยฐF
10 days
Heat Days >95ยฐF
36 days

๐Ÿ’ฐ See how taxes change too โ€” compare take-home pay between Michigan and North Carolina on TaxTakeHome.com

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