Housing costs in Grand Rapids?
A typical home costs
$417,200, which is 23.4% more expensive than the national average of
$338,100 and 90.8% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Grand Rapids costs
$1,470 per month, which is 2.8% more than the national average of
$1,430 and 25.2% more than the state average of
$1,100.
Can I afford Grand Rapids?
To live comfortably in Grand Rapids (zip 49546), Michigan, a minimum annual income of
$79,920 for a family, and
$48,800 for a single person is recommended.
What does A.I. say about Grand Rapids?
Living in 49546 Grand Rapids, MI is relatively inexpensive compared to other more populated areas. The cost of living index is nearly ten points lower than the national average, and housing costs are typically 25-30% lower than the national median. Moreover, the unemployment rate in the city is below the national average and wages tend to be higher as well. Overall, Grand Rapids provides an affordable lifestyle that accommodates both individuals and families alike.