Grand Rapids (zip 49503), Michigan gets a BestPlaces Cost of Living index of 94.5, which means the total cost of housing, food, child care, transportation, health care, taxes, and other necessities is 5.5 percent lower than the U.S. average and 3.3 percent lower than the average for Michigan.
A typical home costs $229,300, which is 32.2 percent less expensive than the national average of $338,100 and 4.8 percent more expensive than the average Michigan home, at $218,700. Renting a two-bedroom unit in Grand Rapids costs $1,220 per month, which is 10.9 percent more than the national average of $1,100 and 4.1 percent more than the state average of $1,170.
To live comfortably in Grand Rapids (zip 49503), Michigan, a minimum annual income of $43,920 for a family, and $40,400 for a single person is recommended.
Our cost of living indices are based on a US average of 100. An amount below 100 means Grand Rapids (zip 49503) is cheaper than the US average. A cost of living index above 100 means Grand Rapids (zip 49503), Michigan is more expensive.
Grand Rapids (zip 49503) cost of living is 94.5