Economy
Home of O2 Investment Partners, Straightaway Tire and Auto, Acme Group, consisting of Acme Mills, Great Lakes Filters and Fairway Products are headquartered in Bloomfield Hills.[14] Other companies headquartered in Bloomfield Hills, MI include Taubman Centers, TriMas Corp., Larson Realty Group, Princeton Enterprises, TIP Capital, Bloomfield Hills Bancorp, Reverie, BlackEagle Partners, Gregory J. Schwartz & Co., Inc., Alidade Capital, and Penske Automotive Group.
Demographics
Historical population
| Census | Pop. | Note | %± |
| 1930 | 1,127 | | — |
|---|
| 1940 | 1,281 | | 13.7% |
|---|
| 1950 | 1,468 | | 14.6% |
|---|
| 1960 | 2,378 | | 62.0% |
|---|
| 1970 | 3,672 | | 54.4% |
|---|
| 1980 | 3,985 | | 8.5% |
|---|
| 1990 | 4,288 | | 7.6% |
|---|
| 2000 | 3,940 | | −8.1% |
|---|
| 2010 | 3,869 | | −1.8% |
|---|
| 2020 | 4,460 | | 15.3% |
|---|
2020 census
As of the 2020 census, Bloomfield Hills had a population of 4,460. The median age was 52.2 years. 19.1% of residents were under the age of 18 and 32.1% of residents were 65 years of age or older. For every 100 females there were 90.8 males, and for every 100 females age 18 and over there were 87.9 males age 18 and over.[23][24]
100.0% of residents lived in urban areas, while 0.0% lived in rural areas.[25]
There were 1,596 households in Bloomfield Hills, of which 27.3% had children under the age of 18 living in them. Of all households, 63.1% were married-couple households, 13.5% were households with a male householder and no spouse or partner present, and 20.9% were households with a female householder and no spouse or partner present. About 25.2% of all households were made up of individuals and 18.0% had someone living alone who was 65 years of age or older.[23]
There were 1,786 housing units, of which 10.6% were vacant. The homeowner vacancy rate was 2.2% and the rental vacancy rate was 6.5%.[23]
Demographic estimates
As of the 2005–2009 American Community Survey 5-Year Estimates,[26] there were about 1,382 families living in the city. The population density was 796.4 inhabitants per square mile (307.5/km2). There were 1,628 housing units at an average density of 329.1 per square mile (127.1/km2).
2010 census
As of the census[27] of 2010, there were 3,869 people, 1,489 households, and 1,116 families living in the city. The population density was 780.0 inhabitants per square mile (301.2/km2). There were 1,659 housing units at an average density of 334.5 per square mile (129.2/km2). The racial makeup of the city was 87.3% White, 6.7% Asian, 4.1% African American, 0.1% Native American, 0.3% from other races, and 1.6% from two or more races. Hispanic or Latino of any race were 1.5% of the population.
There were 1,489 households, of which 25.7% had children under the age of 18 living with them, 67.7% were married couples living together, 4.9% had a female householder with no husband present, 2.4% had a male householder with no wife present, and 25.1% were non-families. 21.8% of all households were made up of individuals, and 13% had someone living alone who was 65 years of age or older. The average household size was 2.44 and the average family size was 2.84.
The median age in the city was 54.1 years. 19.9% of residents were under the age of 18; 4.8% were between the ages of 18 and 24; 11.8% were from 25 to 44; 33.5% were from 45 to 64; and 29.7% were 65 years of age or older. The gender makeup of the city was 49.0% male and 51.0% female.
2000 census
As of the census[3] of 2000, There were 1,520 households, out of which 26.2% had children under the age of 18 living with them, 71.9% were married couples living together, 3.2% had a female householder with no husband present, and 23.2% were non-families. 21.1% of all households were made up of individuals, and 10.3% had someone living alone who was 65 years of age or older. The average household size was 2.45 and the average family size was 2.84.
In the city, 19.7% of the population was under the age of 18, 3.8% was between 18 and 24, 13.8% between 25 and 44, 39.0% between 45 and 64, and 23.8% were 65 years of age or older. The median age was 52 years. For every 100 females, there were 89.8 males. For every 100 females age 18 and over, there were 85.8 males.
The median income for a household in the city was $170,790, and the median income for a family was over $200,000. Males had a median income of $100,000 versus $52,273 for females. The per capita income for the city was $104,920. About 1.8% of families and 3.8% of the population were below the poverty line, including 5.3% of those under age 18 and 6.4% of those age 65 and over.
Bloomfield Hills is one of the wealthiest cities with over 1000 people in the United States and is one of the wealthiest places in Michigan. 39% of owner-occupied homes had a value of over $1,000,000, and 32.1% with a value between $500,000 and $999,999.[28]