Best places to retire in Michigan

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October 13, 2021
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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.

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.

#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

#24. Marion Township
- Population: 1,646
- Median home value: $170,900 (89% own)
- Median rent: $967 (11% rent)
- Median household income: $64,018

#23. Petoskey
- Population: 5,724
- Median home value: $177,000 (52% own)
- Median rent: $714 (48% rent)
- Median household income: $45,107

#22. Beverly Hills
- Population: 10,387
- Median home value: $387,400 (91% own)
- Median rent: $1,238 (9% rent)
- Median household income: $127,419

#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

#20. Ford River Township
- Population: 2,063
- Median home value: $146,800 (87% own)
- Median rent: $696 (13% rent)
- Median household income: $58,056

#19. Peninsula Township
- Population: 5,776
- Median home value: $435,400 (87% own)
- Median rent: $1,326 (13% rent)
- Median household income: $102,359

#18. Grosse Pointe
- Population: 5,206
- Median home value: $349,800 (81% own)
- Median rent: $1,163 (19% rent)
- Median household income: $106,932

#17. Bad Axe
- Population: 2,948
- Median home value: $84,300 (59% own)
- Median rent: $609 (41% rent)
- Median household income: $39,239

#16. Frankenmuth
- Population: 5,274
- Median home value: $190,700 (69% own)
- Median rent: $672 (31% rent)
- Median household income: $62,427

#15. Birmingham
- Population: 21,201
- Median home value: $541,500 (74% own)
- Median rent: $1,513 (26% rent)
- Median household income: $122,804

#14. Bridgman
- Population: 2,559
- Median home value: $162,400 (73% own)
- Median rent: $733 (27% rent)
- Median household income: $64,338

#13. Markey Township
- Population: 2,418
- Median home value: $94,700 (83% own)
- Median rent: $768 (17% rent)
- Median household income: $43,583

#12. Tawas City
- Population: 1,881
- Median home value: $96,300 (74% own)
- Median rent: $707 (26% rent)
- Median household income: $49,226

#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

#10. Chelsea
- Population: 5,331
- Median home value: $237,500 (69% own)
- Median rent: $1,084 (31% rent)
- Median household income: $83,750

#9. Greilickville
- Population: 1,647
- Median home value: $263,800 (76% own)
- Median rent: $1,419 (24% rent)
- Median household income: $46,935

#8. Bingham Township
- Population: 2,496
- Median home value: $242,500 (87% own)
- Median rent: $954 (13% rent)
- Median household income: $68,986

#7. Baldwin Township
- Population: 1,644
- Median home value: $117,500 (91% own)
- Median rent: $628 (9% rent)
- Median household income: $53,828

#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

#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

#4. Charlevoix Township
- Population: 1,752
- Median home value: $199,700 (85% own)
- Median rent: $758 (15% rent)
- Median household income: $60,208

#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

#2. Pleasant Ridge
- Population: 2,431
- Median home value: $346,100 (95% own)
- Median rent: $1,445 (5% rent)
- Median household income: $122,813

#1. Bingham Farms
- Population: 1,129
- Median home value: $415,000 (89% own)
- Median rent: $1,000 (11% rent)
- Median household income: $131,071

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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.

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.

#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

#24. Marion Township
- Population: 1,646
- Median home value: $170,900 (89% own)
- Median rent: $967 (11% rent)
- Median household income: $64,018

#23. Petoskey
- Population: 5,724
- Median home value: $177,000 (52% own)
- Median rent: $714 (48% rent)
- Median household income: $45,107

#22. Beverly Hills
- Population: 10,387
- Median home value: $387,400 (91% own)
- Median rent: $1,238 (9% rent)
- Median household income: $127,419

#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

#20. Ford River Township
- Population: 2,063
- Median home value: $146,800 (87% own)
- Median rent: $696 (13% rent)
- Median household income: $58,056

#19. Peninsula Township
- Population: 5,776
- Median home value: $435,400 (87% own)
- Median rent: $1,326 (13% rent)
- Median household income: $102,359

#18. Grosse Pointe
- Population: 5,206
- Median home value: $349,800 (81% own)
- Median rent: $1,163 (19% rent)
- Median household income: $106,932

#17. Bad Axe
- Population: 2,948
- Median home value: $84,300 (59% own)
- Median rent: $609 (41% rent)
- Median household income: $39,239

#16. Frankenmuth
- Population: 5,274
- Median home value: $190,700 (69% own)
- Median rent: $672 (31% rent)
- Median household income: $62,427

#15. Birmingham
- Population: 21,201
- Median home value: $541,500 (74% own)
- Median rent: $1,513 (26% rent)
- Median household income: $122,804

#14. Bridgman
- Population: 2,559
- Median home value: $162,400 (73% own)
- Median rent: $733 (27% rent)
- Median household income: $64,338

#13. Markey Township
- Population: 2,418
- Median home value: $94,700 (83% own)
- Median rent: $768 (17% rent)
- Median household income: $43,583

#12. Tawas City
- Population: 1,881
- Median home value: $96,300 (74% own)
- Median rent: $707 (26% rent)
- Median household income: $49,226

#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

#10. Chelsea
- Population: 5,331
- Median home value: $237,500 (69% own)
- Median rent: $1,084 (31% rent)
- Median household income: $83,750

#9. Greilickville
- Population: 1,647
- Median home value: $263,800 (76% own)
- Median rent: $1,419 (24% rent)
- Median household income: $46,935

#8. Bingham Township
- Population: 2,496
- Median home value: $242,500 (87% own)
- Median rent: $954 (13% rent)
- Median household income: $68,986

#7. Baldwin Township
- Population: 1,644
- Median home value: $117,500 (91% own)
- Median rent: $628 (9% rent)
- Median household income: $53,828

#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

#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

#4. Charlevoix Township
- Population: 1,752
- Median home value: $199,700 (85% own)
- Median rent: $758 (15% rent)
- Median household income: $60,208

#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

#2. Pleasant Ridge
- Population: 2,431
- Median home value: $346,100 (95% own)
- Median rent: $1,445 (5% rent)
- Median household income: $122,813

#1. Bingham Farms
- Population: 1,129
- Median home value: $415,000 (89% own)
- Median rent: $1,000 (11% rent)
- Median household income: $131,071

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