Zip 49506 (Grand Rapids, MI) Cost of Living


1 Reviews



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Grand Rapids cost of living score
94.5
Less expensive
5.5% lower
than the US average
3.3% higher
than the Michigan average
Grand Rapids (zip 49506), Michigan gets a BestPlaces Cost of Living score of 94.5, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 5.5% lower than the U.S. average and 3.3% lower than the average for Michigan.

Zip 49506 (Grand Rapids, MI)

Housing costs in Grand Rapids?
A typical home costs $359,100, which is 6.2% more expensive than the national average of $338,100 and 64.2% more expensive than the average Michigan home, at $218,700. Renting a two-bedroom unit in Grand Rapids costs $1,310 per month, which is 19.1% more than the national average of $1,100 and 10.7% more than the state average of $1,170.

Can I afford Grand Rapids?
To live comfortably in Grand Rapids (zip 49506), Michigan, a minimum annual income of $68,760 for a family, and $43,600 for a single person is recommended.

What does A.I. say about Grand Rapids?
The cost of living in Grand Rapids, MI (zip code 49506) is relatively affordable compared to other cities in the United States. According to BestPlaces, the cost of living index is 83.92, which is 17% lower than the national average. The rent prices for a one-bedroom apartment are around $745 per month on average, making it a great place for anyone looking for an affordable living situation. Additionally, the average grocery bill is lower than the U.S. national average, and transportation costs are also quite low due to the affordability of public transportation options such as bus and bike sharing systems. All in all, Grand Rapids offers an excellent value for money when it comes to cost of living.
   Cost of living score
     CategoriesGrand RapidsMichiganUnited States
  94.591.5100.0
  98.593.4100
  81.284.8100.0
  109.771.2100.0
  $359,100$218,700$338,100
  99.9%100.1%100.0%
  94.5115.1100.0
  101.395.9100.0

   100=National Average

   Average Rent by Bedroom Size
Reviews for Grand Rapids
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Over 18 years ago

I'm living for the summer in this neighborhood, and I'm very impressed with its walkability, mixed-income housing and  More

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