Economy in Grand Rapids, Michigan
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Economy
| Unemployment Rate | 12.10% | 9.10% |
| Recent Job Growth | -0.96% | -0.12% |
| Future Job Growth | 25.98% | 31.25% |
| Sales Taxes | 6.00% | 6.80% |
| Income Taxes | 5.65% | 6.25% |
| Income per Cap. | $19,181 | $27,067 |
| Household Income | $40,304 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 16.27% | 12.10% |
| Income between 15K and 25K | 13.68% | 10.18% |
| Income between 25K and 35K | 13.50% | 10.56% |
| Income between 35K and 50K | 18.55% | 14.98% |
| Income between 50K and 75K | 19.62% | 19.53% |
| Income between 75K and 100K | 10.01% | 12.52% |
| Income between 100K and 150K | 5.98% | 12.14% |
| Income between 150K and 250K | 1.27% | 3.91% |
| Income between 250K and 500K | 0.99% | 3.34% |
| Income greater than 500K | 0.12% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 11.08% | 13.81% |
| Professional and Related Occupations | 24.41% | 22.68% |
| Service | 18.62% | 14.51% |
| Sales and Office | 25.32% | 25.22% |
| Farming, Fishing, and Forestry | 1.52% | 0.68% |
| Construction, Extraction, and Maintenance | 6.61% | 9.37% |
| Production, Transportation, and Material Moving | 21.82% | 15.86% |
The unemployment rate in Grand Rapids, MI, is 12.10%, with job growth of -0.96%. Future job growth over the next ten years is predicted to be 25.98%.
Grand Rapids, MI Taxes
Grand Rapids, MI,sales tax rate is 6.00%. Income tax is 5.65%.
Grand Rapids, MI Income and Salaries
The income per capita is $19,181, which includes all adults and children. The median household income is $40,304.
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
