Grand Rapids charter township, MI is a great place to call home with much to offer. It boasts an affordable cost of living for those looking for a 2 bedroom rental at just $1,360 compared to the US average of $1,430. Grocery costs are also competitively priced at 98 versus 100 in the US. This makes Grand Rapids charter township a great option for budget conscious individuals and families. The area also has several local companies such as Amway Global, Steelcase Inc., and Spartan Motors Inc that add value to the local economy.
Grand Rapids charter has an unemployment rate of 4.8%. The US average is 6.0%.
Grand Rapids charter has seen the job market decrease by -6.2% 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 Grand Rapids charter
- The Sales Tax Rate for Grand Rapids charter is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Grand Rapids charter 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 Grand Rapids charter
- The average income of a Grand Rapids charter resident is $61,562 a year. The US average is $37,638 a year.
- The Median household income of a Grand Rapids charter resident is $112,849 a year. The US average is $69,021 a year.