Bowne, MI Economy


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Bowne, MI is a small town with a population of approximately 2,000 people. The town is located near Grand Rapids and offers a peaceful and serene lifestyle with many parks and outdoor activities nearby. The two bedroom rent in Bowne is slightly lower than the nationwide US average, making it an affordable place to live. Additionally, Bowne’s grocery cost index is slightly lower than the US national average.
The small-town atmosphere makes it ideal for families looking for a quiet place to call home. There are several local companies that make up the business community in Bowne such as Delta Plastics Manufacturing Company, Kent County Cooperative Extension Office, Bowne Township Library, and K&K Automotive Repair. For those looking to explore their recreational interests, there are also many opportunities including golf courses, hiking trails, fishing spots, and more.
Overall, living in Bowne offers residents an affordable lifestyle with plenty of amenities at their fingertips. With its peaceful atmosphere and diverse recreational activities available nearby, it's easy to see why so many people choose to make Bowne their home.

Bowne has an unemployment rate of 4.8%. The US average is 6.0%.

Bowne has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 37.7%, which is higher than the US average of 33.5%.

Tax Rates for Bowne
- The Sales Tax Rate for Bowne is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bowne is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Bowne
- The average income of a Bowne resident is $27,734 a year. The US average is $28,555 a year.
- The Median household income of a Bowne resident is $84,333 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBowne, MichiganUnited States
  4.86
  -6.2%-6.2%
  37.7%33.5%
  6.0%6.2%
  4.3%4.6%
  $36,300$37,638
  $84,333$69,021
  $96,488$85,028
  Population by Occupation
  2.4%1.2%
  0.0%0.5%
  12.2%6.8%
  19.3%10.0%
  5.6%2.5%
  7.7%11.0%
  2.1%4.8%
  0.7%0.8%
  1.0%1.9%
  4.3%4.7%
  1.5%1.9%
  7.4%7.6%
  0.0%0.1%
  2.8%4.2%
  8.3%9.3%
  12.7%14.0%
  2.0%2.1%
  4.1%7.0%
  2.7%4.8%
  3.3%4.7%
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