Zip 49008 (Kalamazoo, MI) Economy


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Kalamazoo, MI (49008) is an exciting and vibrant city with a wide variety of amenities to enjoy. The 2 bedroom rent in Kalamazoo is $960 which is more affordable than the US average of $1,430. Additionally, the Grocery Cost Index in Kalamazoo is 94 compared to the US 100. These lower prices make it easier to save money and enjoy all that Kalamazoo has to offer.
The city of Kalamazoo is home to many large companies such as Stryker Corporation, Consumers Energy and Pfizer Inc. The local economy is supported by these businesses providing jobs for many members of the community. In addition to job opportunities within the city, there are plenty of attractions and activities for visitors and locals alike. Tourists can explore downtown Kalamazoo’s unique shops and restaurants or take a trip out to Celery Flats Historical Area or Gilmore Car Museum for an educational adventure. With so much diversity in entertainment options available in Kalamazoo, anyone can find something they'll love!

Kalamazoo (zip 49008) has an unemployment rate of 6.3%. The US average is 6.0%.

Kalamazoo (zip 49008) has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.

Tax Rates for Kalamazoo (zip 49008)
- The Sales Tax Rate for Kalamazoo (zip 49008) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Kalamazoo (zip 49008) 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 Kalamazoo (zip 49008)
- The average income of a Kalamazoo (zip 49008) resident is $30,799 a year. The US average is $28,555 a year.
- The Median household income of a Kalamazoo (zip 49008) resident is $60,000 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyKalamazoo, MichiganUnited States
  6.36
  -6.0%-6.2%
  29.9%33.5%
  6.0%6.2%
  4.3%4.6%
  $34,821$37,638
  $60,000$69,021
  $84,334$85,028
  Population by Occupation
  0.5%1.2%
  0.0%0.5%
  3.6%6.8%
  11.7%10.0%
  1.4%2.5%
  8.3%11.0%
  3.3%4.8%
  0.0%0.8%
  0.6%1.9%
  5.2%4.7%
  1.6%1.9%
  5.8%7.6%
  0.4%0.1%
  2.2%4.2%
  18.2%9.3%
  16.4%14.0%
  3.6%2.1%
  11.5%7.0%
  3.3%4.8%
  2.3%4.7%
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