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All about

Ferndale, MI

Ferndale, a small city in Michigan, has a population of approximately 20,000. Young professionals can expect to fit right in, as they account for an above-average percentage of the community, while retirees are less well-represented. Overall, the city's residents, with an average age of just under 38, are younger than most cities in Michigan. Home ownership is more common than renting in the area, and 36% of residents rent. Relatively high rent costs could be a contributing factor, as the average rent of $1,027/month is substantially higher than the state average of $874.

Ferndale residents have a wide range of industries from which to choose. The five most common are scientific, retail, manufacturing, healthcare, and entertainment. Together, these industries account for 41% of the labor force in the city. Meanwhile, looking at job function, many of the city's residents work in management, which ranks as the top field in the city. Ferndale workers earn an average annual income of around $70,000, about $8,000 more than the average Michigan resident. Ferndale's average income, however, is fairly average compared to the national level ($73,345). Compared to the national average (7%), Ferndale has a large concentration of residents over the age of 25 with advanced degrees, as 10% possess a Master's or a Doctoral degree. In addition, 22% have a Bachelor's degree, which also outpaces the national average.

Ferndale residents have an average commute of about 25 minutes. Driving a car or truck is the typical mode of getting to work, opted for by 58% of residents, while public transit is not extensively used. Walking isn't a common method of commuting to work.

Average Rent in Ferndale

Studio1 Bed2 Bed3 Bed
Oct 19$1,617$1,450$2,650
Sep 191,6171,4502,650
Aug 192,3521,4502,650
Jul 192,3521,4502,650
Jul 191,4502,650
Jun 191,4502,650
May 191,4502,650
Apr 191,4502,650
Mar 191,4502,650
Feb 191,4502,650
*The rent information included in this summary is based on a median calculation of multifamily rental property inventory on Apartment Guide and Rent.com over the past 12-months and is for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.

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Information is copyrighted and school data provided by GreatSchools.org. Information is deemed reliable but not guaranteed. Schools listed above are based on distance from the selected location and are just a sampling of the schools in the area. To find a particular school district, and how it relates to a specific apartment, please contact the apartment manager.

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