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Southfield, Michigan Retirement Guide
established retirement community
54
Retirement Score
Southfield, Michigan at a Glance
- Median Home Price
- $245,200
- State Income Tax
- State income tax; Social Security fully exempt; age-based pension deduction.
- Avg January Low
- 19.4°F
- Cost of Living Index
- 93.6 (US avg = 100)
- Best For
- established retirement community
- RetireCityIQ Score
- 54 / 100
Retirement Data
Affordability
Cost of Living Index
93.6 (U.S. avg = 100)High confidence
BEA Regional Price Parities · Updated May 2026
Median Home Price
$245,200High confidence
U.S. Census ACS 1-Year · Updated June 2026
Median Monthly Rent
$1,183High confidence
U.S. Census ACS 1-Year · Updated June 2026
Taxes
Retirement Tax Score
45 / 100High confidence
Tax Foundation · Updated June 2026
Tax Details
State income tax; Social Security fully exempt; age-based pension deduction.High confidence
Tax Foundation · Updated June 2026
Retiree Readiness (Sprint 2)
Care Access Score (proxy)
46.4 / 100High confidence
RetireCityIQ proxy model · Updated June 2026
Aging-in-Place Score (proxy)
41 / 100High confidence
RetireCityIQ proxy model · Updated June 2026
Healthcare
Healthcare Access Score
46.4 / 100High confidence
CMS Hospital General Information · Updated June 2026
Climate
Avg July High
82.8°FHigh confidence
Open-Meteo Historical Weather (ERA5) · Updated June 2026
Avg January Low
19.4°FHigh confidence
Open-Meteo Historical Weather (ERA5) · Updated June 2026
Annual Precipitation
33.8"High confidence
Open-Meteo Historical Weather (ERA5) · Updated June 2026
Sunny Days / Year
257 daysHigh confidence
Open-Meteo Historical Weather (ERA5) · Updated June 2026
Safety
Safety Score
85.1 / 100High confidence
FBI Crime Data Explorer · Updated June 2026
Walkability
Walk Score (proxy)
13.7 / 100High confidence
U.S. Census ACS 5-Year (B08301) · Updated June 2026
Transit Score (proxy)
5.5 / 100High confidence
U.S. Census ACS 5-Year (B08301) · Updated June 2026
Demographics
Population
76,107High confidence
U.S. Census ACS 5-Year · Updated June 2026
Median Age
42.1High confidence
U.S. Census ACS 5-Year · Updated June 2026
Age 65+
21.2%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Median Household Income
$63,980High confidence
U.S. Census ACS 5-Year · Updated June 2026
Community Profile
Owner-Occupied Housing
51.1%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Veterans
6.0%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Bachelor's Degree+
37.9%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Poverty Rate
11.3%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Diversity
White
25.5%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Black
65.3%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Hispanic/Latino
1.5%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Asian
1.8%High confidence
U.S. Census ACS 5-Year · Updated June 2026
10-Year Housing Stress Test (Estimate)
Estimate monthly homeowner carrying cost in Southfield using median home price and adjustable assumptions. Stress case applies +10% property tax, +20% insurance, +10% maintenance.
Estimated monthly carrying cost
$531
Stress-case monthly carrying cost
$597
Median home price used: $245,200
Median rent reference: $1,183 / month
Estimate includes property tax, insurance, maintenance reserve, and HOA. It excludes mortgage, utilities, and one-time transaction costs.
Local Professionals
Financial Advisors
CENTER FOR FINANCIAL PLANNING INC
ADVANCE CAPITAL MANAGEMENT INC
CIG ASSET MANAGEMENT, INC.
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