Housing costs in Grand Rapids?
A typical home costs
$234,500, which is 30.6% less expensive than the national average of
$338,100 and 7.2% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Grand Rapids costs
$1,170 per month, which is 6.4% more than the national average of
$1,100 and close to the state average of
$1,170.
Can I afford Grand Rapids?
To live comfortably in Grand Rapids (zip 49504), Michigan, a minimum annual income of
$45,000 for a family, and
$38,800 for a single person is recommended.
What does A.I. say about Grand Rapids?
The cost of living in 49504 Grand Rapids, MI is relatively low compared to the rest of the country. The median home value is around $153,300, which is significantly lower than most other parts of the United States. Additionally, the overall cost of living index for this zip code is approximately 89.9, indicating that it is 11.1 percent below the national average. Groceries and utilities are especially affordable in this area when compared to similar locations across the nation. Transportation costs are also reasonable, with an average commute time of around 18 minutes. All in all, Grand Rapids offers a great quality of life at a relatively low cost of living.