Farmington, MI 48331

Income Statistics

Number of Returns People Average Income Average Dividend Average Social Security Average Mortgage Interest
Under $25,000 2970 3740 $9,666 $1,687
(19.53% of returns)
$2,311
(5.72% of returns)
$5,473
$25,000 to $50,000 1640 2570 $31,597 $3,744
(23.17% of returns)
$8,294
(23.78% of returns)
$6,270
$50,000 to $75,000 1360 2320 $49,890 $5,060
(29.41% of returns)
$17,721
(27.94% of returns)
$6,044
$75,000 to $100,000 1200 2380 $60,183 $4,923
(35% of returns)
$23,166
(27.5% of returns)
$6,542
$100,000 to $200,000 3000 7530 $82,895 $6,865
(48.33% of returns)
$27,841
(27% of returns)
$7,523
Over $200,000 1870 5190 $213,723 $18,608
(65.78% of returns)
$29,975
(19.79% of returns)
$8,566
For Zip 12040 23730 $84,464

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Income Tax Rates

Rate Minimum Income Maximum Income
0.0425 0 null

Property Tax Rates

Rate Rank (compared to Other States)
0.0144 13

Sales Tax Rates

State Rate Average Local Rate Combined Rate Rank (compared to Other States)
0.06 0.0000 0.0600 38