Grand Rapids, WI is an affordable city with excellent amenities. The two bedroom rent in Grand Rapids, WI is $840 which is significantly cheaper than the national average of $1,430. In addition to lower housing costs, Grand Rapids has a Grocery Cost Index of 91 versus the US index of 100. This means groceries are even more affordable in the city. Despite being a smaller city, Grand Rapids has many businesses that make it a great place to live and work. The area is home to large companies like Kimberly Clark as well as several small businesses such as Knab Farm Market and Columbia County Brewing. With its affordability and local business opportunities, Grand Rapids offers something for everyone.
Grand Rapids has an unemployment rate of 5.8%. The US average is 6.0%.
Grand Rapids has seen the job market decrease by -4.2% over the last year. Future job growth over the next ten years is predicted to be 35.6%, which is higher than the US average of 33.5%.
Tax Rates for Grand Rapids
- The Sales Tax Rate for Grand Rapids is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Grand Rapids is 6.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Grand Rapids
- The average income of a Grand Rapids resident is $45,756 a year. The US average is $37,638 a year.
- The Median household income of a Grand Rapids resident is $77,206 a year. The US average is $69,021 a year.