Economy in Grand Rapids, Michigan
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| Unemployment Rate | 6.20% | 8.60% |
| Recent Job Growth | -0.67% | 0.35% |
| Future Job Growth | 32.46% | 32.10% |
| Sales Taxes | 6.00% | 5.00% |
| Income Taxes | 5.85% | 4.70% |
| Income per Cap. | $18,839 | $26,154 |
| Household Income | $38,529 | $50,935 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 16.39% | 12.37% |
| Income between 15K and 25K | 14.72% | 10.53% |
| Income between 25K and 35K | 14.21% | 10.88% |
| Income between 35K and 50K | 18.76% | 15.37% |
| Income between 50K and 75K | 19.78% | 20.14% |
| Income between 75K and 100K | 9.23% | 12.41% |
| Income between 100K and 150K | 4.66% | 11.27% |
| Income between 150K and 250K | 2.03% | 5.01% |
| Income between 250K and 500K | 0.20% | 1.86% |
| Income greater than 500K | 0.02% | 0.16% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 10.53% | 14.04% |
| Professional and Related Occupations | 19.75% | 20.61% |
| Service | 16.15% | 14.45% |
| Sales and Office | 25.30% | 26.75% |
| Farming, Fishing, and Forestry | 0.59% | 0.70% |
| Construction, Extraction, and Maintenance | 6.75% | 9.42% |
| Production, Transportation, and Material Moving | 20.93% | 14.05% |
The unemployment rate in Grand Rapids, MI, is 6.20%, with job growth of -0.67%. Future job growth over the next ten years is predicted to be 32.46%.
Grand Rapids, MI Taxes
Grand Rapids, MI,sales tax rate is 6.00%. Income tax is 5.85%.
Grand Rapids, MI Income and Salaries
The income per capita is $18,839, which includes all adults and children. The median household income is $38,529.
Grand Rapids Economy SperlingViews
West Michigan: I love Grand Rapids, MI and West MI in general. It's beautiful, low crime (for the most part) and Grand Rapids has a lot of appeal due to cultural opportunities. However... (read more)Grand Rapids Area: Though you hear lots of negitive about Michigan in general, the Grand Rapids area though is an area of in my mind growth. I have never needed more than two copies of my... (read more)tough economy: tough... (read more)Have an opinion about Grand Rapids? Leave a commentTo See All SperlingViews for Grand Rapids Click Here
