Michigan · Midwest · 29k residents
Forest Hills, MI: economy, jobs & business costs
The site-selection read on Forest Hills: labor costs, talent, corporate tax, energy, and business activity, with the Michigan median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,362/wk. Michigan's corporate income tax rate is 6%. Commercial electricity averages 14.0¢/kWh.
Compare Forest Hills side by side
Avg. weekly wage
$1,362/wk
Corporate income tax
6%
Bachelor's degree or higher
70.9%
Commercial electricity
14.0¢/kWh
Economic momentum
We don't yet track economic momentum for Forest Hills. It will rank business formation, jobs, and building-permit growth against the US cities we track.
| ACS median home value | $498,500 |
| Price per sq. ft. | $155 |
| Property tax rate | 1.35% |
| 1-bedroom rent | $1,958/mo |
| 2-bedroom rent | $2,093/mo |
| State & local income tax | 5.25% |
| Sales tax | 6% |
| Corporate income tax | 6% |
| Avg. weekly wage | $1,362/wk |
| Bachelor's degree or higher | 70.9% |
| Commercial electricity | 14.0¢/kWh |
| Businesses per 1k residents | — |
| Wage: Software developer | $125,570 |
| Wage: Registered nurse | $94,300 |
| Wage: General manager | $99,530 |
| Wage: Customer service | $43,950 |
| Wage: Warehouse worker | $35,930 |
| Wage: Heavy truck driver | $57,180 |
| Wage: Electrician | $76,270 |
| Wage: Retail salesperson | $34,640 |
| Cost of living index | 113 |
| Groceries index | 95 |
| Utilities | $175/mo |
| Transit pass | $60/mo |
| Gas price | $3.30/gal |
| Healthcare index | 96 |
| Childcare (per child) | $950/mo |
| Median household income | $158,005 |
| Unemployment rate | 4.1% |
| Population | 29k |
| Crime index | 45/100 |
| School rating | 5.3/10 |
| Walkability | 30/100 |
| Disaster risk | — |
| Avg. commute | 24 min |
| Sunny days / year | 175 days |
| July high | 83°F |
| January low | 19°F |
| Annual snowfall | 78 in |
| Home price YoY | — |
| Home price MoM | — |
| Rent YoY | — |
| Rent MoM | — |
| Employment (jobs) YoY | — |
| Building permits YoY | — |
| Ocean coast | 617 mi |
| Big lake | 39 mi |
| Mountains | 428 mi |
| Major airport | 6 mi |
| Ski resort | 111 mi |
Popular comparisons
Nearby
- Northview, MI · 15k
- Grand Rapids, MI · 199k
- Kentwood, MI · 54k
- Wyoming, MI · 77k
- Cutlerville, MI · 19k
Similar size
- Port Huron, MI · 29k
- Madison Heights, MI · 28k
- Oak Park, MI · 29k
- Southgate, MI · 29k
- Allen Park, MI · 28k
Real listings in Forest Hills
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Forest Hills a good place to run a business?
- Michigan's corporate income tax rate is 6%; average weekly wages in the surrounding labor market run $1,362/wk; commercial electricity averages 14.0¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Forest Hills, MI?
- Forest Hills indexes at 113 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $2,093/mo and a acs median home value of $498,500.
- How much does a house cost in Forest Hills?
- The acs median home value in Forest Hills is $498,500 (Census ACS estimate; individual listings vary).
- How much is rent in Forest Hills?
- A two-bedroom in Forest Hills rents for about $2,093/mo.