East Grand Rapids, MI is a desirable place to live. The two bedroom rent is $1,350, which is lower than the US average of $1,430. Additionally, the grocery cost index in this area is 99 compared to the US average of 100. This makes it an affordable city to live in. In East Grand Rapids there are many local companies such as Steelcase Inc., Grand Rapids Spring and Stamping Inc., and Cascade Engineering Inc.. The median household income for residents of East Grand Rapids is $94,938 with most of the population being employed in professional or management occupations.
East Grand Rapids has an unemployment rate of 4.8%. The US average is 6.0%.
East Grand Rapids has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 37.7%, which is higher than the US average of 33.5%.
Tax Rates for East Grand Rapids
- The Sales Tax Rate for East Grand Rapids is 6.0%. The US average is 7.3%.
- The Income Tax Rate for East Grand Rapids is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for East Grand Rapids
- The average income of a East Grand Rapids resident is $55,789 a year. The US average is $28,555 a year.
- The Median household income of a East Grand Rapids resident is $145,000 a year. The US average is $69,021 a year.