Big Rapids, MI is a beautiful city located in Michigan that offers its residents an enjoyable and affordable lifestyle. The 2 bedroom rent for Big Rapids is $850 compared to the US average of $1,430. This lower rent amount makes it more affordable for people to live here. Furthermore, the Grocery Cost Index in Big Rapids is 93 versus 100 in the US which means groceries are even cheaper than they would be across the country! Additionally, Big Rapids is home to a variety of companies including Ferris State University, Spectrum Health Big Rapids Hospital, Walmart Supercenter, McDonald’s and Subway. All these businesses provide plenty of job opportunities for locals. With lower rent costs and grocery prices as well as plenty of job opportunities, it’s easy to see why many choose to live in Big Rapids and enjoy the wonderful cost of living it has to offer.
Big Rapids has an unemployment rate of 7.0%. The US average is 6.0%.
Big Rapids has seen the job market decrease by -4.9% over the last year. Future job growth over the next ten years is predicted to be 21.3%, which is lower than the US average of 33.5%.
Tax Rates for Big Rapids
- The Sales Tax Rate for Big Rapids is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Big Rapids is 5.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Big Rapids
- The average income of a Big Rapids resident is $16,767 a year. The US average is $37,638 a year.
- The Median household income of a Big Rapids resident is $29,239 a year. The US average is $69,021 a year.